Recently, attention has shifted towards TRON, especially following the launch of @sunpumpmeme.
The @trondao ecosystem has witnessed significant growth, with a 124% increase in transactions ranging from $100 to $10,000, likely fueled by the growing excitement surrounding @sunpumpmeme.
The @trondao ecosystem has experienced a 124% increase in the number of transactions valued between $100 and $10,000, likely driven by the growing hype around @sunpumpmeme. pic.twitter.com/vm74qvZqp9
— IntoTheBlock (@intotheblock) August 19, 2024
TRONโs Impressive Performance:
In a surprising turn, PumpdotFun has overtaken Solana in monthly revenue, generating $27 million compared to Solanaโs $20.15 million.
๐จ REPORT: @pumpdotfun dethrones #Solana in Monthly revenue, with #PumpdotFun reaching $27 million while Solana reaching $20.15 million pic.twitter.com/2634YVwHlb
— CoinEcho (@mycoinecho) August 19, 2024
As of August 2024, TRON processed a staggering $439.94 billion in USDT transactions over the past 30 days. Even more impressive is the fact that 77.91% of USDT holders are now on the TRON network, underscoring its dominance in the stablecoin market.
๐ฅ๐ฒ๐ฐ๐ฒ๐ป๐๐น๐, ๐ฎ๐๐๐ฒ๐ป๐๐ถ๐ผ๐ป ๐ต๐ฎ๐ ๐๐๐ฎ๐ฟ๐๐ฒ๐ฑ ๐บ๐ผ๐๐ถ๐ป๐ด ๐๐ผ ๐ง๐ฅ๐ข๐ก, ๐ฝ๐ฎ๐ฟ๐๐ถ๐ฐ๐๐น๐ฎ๐ฟ๐น๐ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐๐ต๐ฒ ๐น๐ฎ๐๐ป๐ฐ๐ต ๐ผ๐ณ @sunpumpmeme.
But, Iโm very sure a lot of people donโt know anything about TRON. ๐ Letโs fix that through data fromโฆ pic.twitter.com/kSFV6gkHrq
— ๐๐-๐๐๐ช (@jayejone) August 18, 2024
On August 15, 2024, large USDT transactions on TRON hit $11.32 billion, highlighting significant institutional interest and cementing TRONโs role in large-scale financial operations.
TRXโs Market Strength:
The TRX token continues to perform robustly, maintaining an $11.35 billion market cap. With 92% of holders in profit and a 30-day volatility rate of just 0.28, TRX is proving to be a stable and profitable investment.
Since the launch of SunPump, the TRON Network has seen the creation of 4,844 MEMEcoins, generating 1.84 million $TRX ($246.6K) in revenue. This further illustrates the networkโs growing popularity and the potential for future growth.
Since #SunPump launched, 4,844 #MEMEcoins have been created on #TronNetwork, bringing a revenue of 1.84M $TRX($246.6K). pic.twitter.com/R8n7wZHUiy
— Lookonchain (@lookonchain) August 18, 2024
Future Prospects:
Given TRONโs high transaction volumes, massive user engagement, and strong community support, itโs not far-fetched to anticipate even greater achievements in the near future. Insights from @intotheblock suggest that TRONโs momentum is likely to continue, driven by its expanding ecosystem and increasing institutional adoption.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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