This month, Trondao continues to lead the blockchain space in terms of daily active users, boasting over 1.9 million users.
This impressive figure surpasses other notable blockchains such as Polygon (1.3 million), Ronin (980,000), Solana (974,000), and BNB Chain (751,000), cementing Tron’s position as a dominant player in the industry.
This month, @trondao continues to be the blockchain with leading amount of daily active users, with over 1.9M users pic.twitter.com/Xosz07MMqK
— Coin98 Analytics (@Coin98Analytics) July 7, 2024
In addition to its user growth, data from IntoTheBlock revealed a significant movement in Tron’s native token, $TRX. Yesterday, $13.1 million worth of $TRX was withdrawn from exchanges, marking the largest single-day withdrawal in over a month.
This substantial outflow indicates a trend of accumulation, suggesting that investors are increasingly bullish on $TRX.
$13.1 million worth of $TRX was withdrawn from exchanges yesterday. This is the largest in over a month, signaling accumulation. pic.twitter.com/kq8mUV6xgr
— IntoTheBlock (@intotheblock) July 8, 2024
Justin Sun Confirms New Development Of A Gas-Free Transaction Solution For Stablecoins
Adding to the momentum, Tron’s founder Justin Sun announced the development of a gas-free transaction solution for stablecoins. This innovative service, aimed at enhancing user experience by eliminating gas fees, is expected to be operational by Q4 of this year. Initially, the solution will be implemented on Tron, with plans for compatibility across other EVM networks.
📢 ICYMI: @justinsuntron, founder of Tron, a smart contracts-enabled blockchain, has announced that his team is developing a gas-free transaction solution for stablecoins.
The service is expected to be operational by Q4 and will be implemented by Tron first, featuring… pic.twitter.com/g63hX8hEFG
— BNB Swap (@BNBSwap) July 8, 2024
Tron’s consistent user growth, significant accumulation signals, and forward-thinking developments like the gas-free transaction solution highlight its robust ecosystem and potential for future expansion. As the blockchain landscape continues to evolve, Tron’s proactive approach to user engagement and technological advancements positions it well for sustained success.
In conclusion, Trondao’s leadership in daily active users and significant $TRX accumulation are strong indicators of its growing influence in the blockchain space. With innovative solutions on the horizon, Tron is poised to maintain its upward trajectory and continue attracting a broad user base and investor interest.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
