TRX with Second Highest Crypto Revenue in Q1 Records $5B TVL

By: crypto insight|2026/04/16 00:00:01

Key Takeaways:

Tron recorded $82.69 million in protocol revenue for Q1 2026, ranking second only to Hyperliquid across all chains.
Tron’s Total Value Locked (TVL) reached a robust $5 billion, establishing itself as a major capital attractor.
TRX trades at $0.32, with its market cap expanding by 33.8% since early 2025.
Stability above $0.32 may lead TRX to target $0.35–$0.38, though a drop below $0.31 could turn the trend bearish.
Bitcoin Hyper emerges as a potential infrastructure play offering faster transactions and BTC-level security with a significant $35 million raised.

WEEX Crypto News, 2026-04-15 14:50:20

Tron Leads with Impressive Q1 Revenue

Tron’s cryptocurrency, TRX, achieved remarkable results in Q1 2026, bringing in $82.69 million in protocol revenue—surpassed only by Hyperliquid. Despite a general market downturn, Tron managed to extend its Total Value Locked (TVL) to $5 billion, underscoring its appeal as a significant investment destination. Meanwhile, the broader market saw declines with BTC and ETH prices slipping below $64K and $1,820 respectively.

Tron’s strategic move involved a post-quantum security upgrade—an advanced measure although understated in public discourse. This indicates not only resilience but a strategic foresight within Tron’s ecosystem during volatile periods.

TRX Price Movements: What’s Next?

The TRX price hovers around $0.32, resisting broader market slumps with a seven-day gain exceeding 2%. The short-term price action is confined between $0.3193 and $0.3217, indicating buyer support at the current levels. A sustained breach over the $0.32 mark might propel TRX toward the $0.35 to $0.38 range, especially if bolstered by growing stablecoin inflows and anticipated Q2 revenue upswings.

However, if TRX dips beneath $0.31, the momentum could pivot downward, aiming for the $0.29 region. Continuous protocol revenues and strategic enhancements are critical in maintaining this bullish trajectory.

Assessing Bitcoin Hyper’s Appeal

While TRX’s strides are substantial, its asymmetric growth potential is less pronounced compared to earlier years. This has led investors to turn their gaze toward Bitcoin Hyper. This promising project identifies itself as the inaugural Bitcoin Layer 2, equipped with a Solana Virtual Machine. Its appeal lies in solving Bitcoin’s historic hurdles—finality delays, transaction fees, and lack of programmability.

Bitcoin Hyper’s presale success—raising close to $35 million—signals strong interest in its innovative approach. Offering a high APY of 36% for its early stakeholders, Bitcoin Hyper stands poised as a formidable entry for those eyeing Bitcoin’s scaling narrative.

-- Price

Frequently Asked Questions

What was Tron’s revenue for Q1 2026?

Tron reported revenue of $82.69 million in Q1 2026, making it the second highest among cryptocurrencies, behind only Hyperliquid.

How much is Tron’s Total Value Locked?

As of Q1 2026, Tron’s Total Value Locked (TVL) stands at $5 billion, solidifying its role as a major player in crypto capital.

What are the key price levels for TRX currently?

TRX is trading around $0.32. A break above could see it targeting $0.35 to $0.38, while a fall below $0.31 may turn bearish towards $0.29.

What is Bitcoin Hyper and why is it attracting attention?

Bitcoin Hyper is a new infrastructure project offering Bitcoin Layer 2 with full Solana Virtual Machine integration, promising faster transactions and BTC-level security with a substantial presale investment.

How has the crypto market fared in Q1 2026?

The crypto market faced a tough Q1 2026, with an overall market cap contraction of 20%, and flagship assets like BTC and ETH dropping significantly.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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