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.

TRON’s Impressive Performance:

In a surprising turn, PumpdotFun has overtaken Solana in monthly revenue, generating $27 million compared to Solana’s $20.15 million.

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.

On August 15, 2024, large USDT transactions on TRON hit $11.32 billion, highlighting significant institutional interest and cementing TRON’s role in large-scale financial operations.

TRX’s 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 network’s growing popularity and the potential for future growth.

Future Prospects:

Given TRON’s high transaction volumes, massive user engagement, and strong community support, it’s not far-fetched to anticipate even greater achievements in the near future. Insights from @intotheblock suggest that TRON’s 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.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: winst2014/123RF // Image Effects by Colorcinch