TRON Network Performance in Q1 2024: Token Terminal and Messari Reports

Geneva, Switzerland, May 17, 2024 – Recent detailed analysis by Token terminal and messer have provided an in-depth review of the TRON network activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector.

Token terminal analysis

The full Token Terminal report offers crucial insights into key data points and metrics of TRON networks, distinguishing them from comparable blockchain networks:

• Daily transaction fees: TRON leads with $4.4 million in daily transaction fees, significantly higher than its peers, highlighting the network's strong activity and utility.
• Daily active users: With an average of 1.6 million daily active users during the first quarter, TRON is a leading blockchain for user activity, demonstrating a vibrant and engaged user base that supports the network's continued growth.
• Transaction volume and efficiency: TRON's high transaction volume and operational efficiency underscore its robust infrastructure, which is optimized to handle extensive activity without compromising speed or cost.

Comprehensive insights from Messari

Messari's report shows key areas of TRON's growth and strategic advancements:

• Revenue and market expansion: With a 15% increase in market cap and record first-quarter revenue of $128.1 million, TRON has solidified its place among the top revenue-generating blockchain networks.
• Growth of the DeFi and Stablecoin sector: TRON's DeFi sector saw a 25% increase in TVL, while its stablecoin market capitalization, dominated by USDT, grew by 8%, further anchoring its pivotal role in the global stablecoin market.
• Layer 2 development for bitcoin: TRON DAO's introduction of a Layer-2 solution for bitcoin marks a fundamental development, aiming to integrate the TRON network. BitTorrent Chainand bitcoin networks to drive scalability and functionality.

More information

Both reports highlight TRON's resilience and strategic adaptability. Messari points to the network's deflationary token model as a key factor in its economic stability. Token Terminal's analysis of TRON's transactional efficiency and user engagement sheds light on its ability to sustain growth and increase adoption.

For a more granular view of TRON's performance metrics and strategic initiatives, full reports can be accessed via crypto-research/tron”>Token terminal and messari platforms. Continue TRON DAO for the latest updates and developments as we continue to push the boundaries of decentralization and blockchain innovation around the world.

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About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.

Founded in September 2017 by HE Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of the BitTorrent ecosystem, a pioneer in decentralized Web3 services that boasts more of 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2024, it has over 230.22 million total user accounts on the blockchain, over 7.64 billion total transactions, and over $22.12 billion in total value locked (TVL), as reported in TRONSCAN.

Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin worldwide, surpassing USDT on ethereum as of April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. blocks. In addition to government support to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica's global fanfare, seven existing TRON-based tokens: TRX, BTT, nft, JST, USDD , USDT, TUSD, have been granted legal status as an authorized digital currency and medium of exchange in the country.

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Media contact
Hayward Wong
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