[](https://ambcrypto.com/is-trons-latest-milestone-enough-to-keep-trx-away-from-bears/) [Altcoin](https://ambcrypto.com/category/altcoins-news/) Is good news for TRON protocol really good news for TRX? – Tron outperformed major cryptocurrencies, leading in revenue generation over the month – Active usage of USDT’s on the Tron network drove daily addresses and transactions Bitcoin’s rally has inspired interest in multiple altcoins as well over the past few days.However, surprisingly, [Tron [TRX]](https://ambcrypto.com/search/Tron) has been one of the protocols that has seen the most growth over the last month.Is your portfolio green? [ Check out the Tron Profit Calculator](https://ambcrypto.com/calculator/tron-profit-calculator) Earnings remain high In fact, Tron managed to outperform major players like Lido Finance, Ethereum, and Uniswap in revenue generation over the last 30 days.Is anyone else impressed to see [@trondao]as a top earner over the past 30 days? [pic.twitter.com/j2Jhh3U2LD] — Emperor Osmo🧪 (@Flowslikeosmo) [October 20, 2023] One of the key factors contributing to Tron’s impressive revenue is its high stablecoin volume.Recent data revealed that the volume of USDT on Tron, standing at $43.8 billion, was almost on par with Ethereum’s $39 billion.What sets Tron apart is the utility of USDT on its network; it’s not just a store of value but is actively used for various transactions within the Tron ecosystem.
USDT on [#Tron]($43.8B) is close to that of ETH’s ($39B).However, on Tron it serves a purpose beyond just being a store of value.
It plays an integral role in the daily transactions and lives of millions of people worldwide.USDT transactions by month – ETH & Tron ⬇️ 🔊 On.[pic.twitter.com/WIIHp7Ogjj] — Mo (@MoStarDev) [October 19, 2023] This surge in stablecoin usage also led to a hike in the number of daily active addresses on the Tron network.According to Artemis’ data, the count grew from 1.34 million to 1.48 million over the past month.Simultaneously, the number of daily transactions on the network saw an uptick over this period, indicating growing interest and engagement within the Tron community.State of Tron In the DeFi sector, Tron’s Total Value Locked (TVL) saw a significant surge in recent weeks, hitting $6.87 billion at the time of writing.
However, it’s worth noting that Tron’s Decentralized Exchange (DEX) volumes saw some volatility over the past month.While the TVL increased, the DEXs on the network were still striving for consistent growth.Sustained growth in the number of transactions and trading volumes on these DEXs will be a crucial factor in Tron’s sustained success in the DeFi sector.Realistic or not, [here’s TRX’s market cap in BTC’s terms](https://ambcrypto.com/calculator/marketcap) As for the price of TRX, it saw a significant uptrend over the past week, with a press time price of $0.091.
Additionally, Hyblock’s data suggested that if TRX surpasses the $0.094-mark, there could be a significant liquidation of short positions leveraged at 25x.This scenario could have a significant impact on TRX’s price, potentially driving it higher..
