Last year, ah, what a year it was for Tron! Like a nobleman reclaiming his estate, Tron strengthened its grip on the blockchain realm. The network, with the shrewdness of a fox, hopped aboard the major market trends of 2024, luring new users and bustling with onchain activity. CryptoMoon Research, with the meticulousness of a scholar, has penned a report that delves into Tron’s journey, highlighting its performance, strategic alliances, and the expansion of its ecosystem.
Despite the altcoin market being as unpredictable as a Russian winter, Tron (TRX) danced with greater grace than Bitcoin (BTC), Ether (ETH), and other noble altcoins. It outshone BTC by nearly 27% and left the broader altcoin market in the dust by 50%. TRX soared to a new high of $0.426, reaching a market capitalization of $9.54 billion, a feat worthy of celebration!
Stablecoin Symphony on Tron
Stablecoins on Tron enjoyed a lively year in 2024. Their supply swelled by 27%, thanks largely to the generous issuance of USDT (USDT).
Tron, the steadfast ally of USDT, remains its primary blockchain habitat. USDT reigns supreme on Tron, making up almost 98% of the stablecoin supply. It’s like the tsar of transactions, contributing to about 30% of all network activity. While nearly 47% of the total USDT supply resides on Ethereum, Tron leads the charge in USDT transfers, facilitating 61% of all such transactions across blockchains.
Memecoin Mania Ignites Tron
The birth of SunPump was a turning point for Tron’s ecosystem. SunPump, like a comet, captured the community’s imagination. This triumph was aided by Tron’s zealous support for the ecosystem, including its $10 million meme ecosystem incentive program. The memecoins craze on Tron led to the creation of more than 94,000 new tokens, a veritable feast of digital assets!
SunPump rose to become one of the top three most successful fair launch platforms, alongside Pump.fun and Moonshot. Shortly after its debut, it attracted a significant portion of Pump.fun’s audience, driven by the rise of high-market-cap memecoins on Tron and the swift adoption of Tron-supported trading tools, such as Telegram bots. At its peak, SunPump even surpassed Pump.fun in the number of created tokens in one day.
Reflections on 2024 and Visions for 2025
In 2024, Tron displayed robust performance both economically and in onchain activity, like a well-oiled machine.
This year, Tron has consistently been among the leading public layer-1 blockchains by the number of active addresses and transactions, trailing only Solana in daily active addresses and recording a 20% year-over-year increase.
Moreover, Tron surpassed $2 billion in annual revenue, a record-breaking achievement. While the launch of SunPump caused a significant spike in revenue, stablecoin transfers remain the cornerstone of Tron’s high activity.
Tron has made significant strides in combating illegal activities involving USDT. Since its inception in August, the T3 Financial Crime Unit has frozen or seized over 126 million USDT from malicious actors, a testament to its vigilance.
Read More
- DUSK PREDICTION. DUSK cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- DGB PREDICTION. DGB cryptocurrency
- Marvel Rivals Season 1 is bringing the Fantastic Four — here’s the Invisible Woman in action
- Blockchain is the best fintech to ensure Sharia ethics — Web3 exec
- Looks Like DOOM 64 Is Getting a Native PS5 Port
- JTO PREDICTION. JTO cryptocurrency
- EUR INR PREDICTION
- Welcome Home
- POL PREDICTION. POL cryptocurrency
2025-02-07 06:17