TRONDAO’s Q2 2024 financial report reveals significant growth across several key metrics, highlighting the platform’s expanding influence in the crypto space.
TRON’s fees and revenue surged by $21.3 million compared to the previous quarter, reflecting a more than 52% year-over-year increase. This financial boost underscores the growing adoption and usage of the TRON network.
The number of TRX holders also saw a notable rise, surpassing 134 million. This represents a 9.2% increase from the previous quarter and an impressive growth of over 35% year-over-year. This expanding user base indicates a broadening interest and trust in TRON’s ecosystem.
@trondao Q2 2024 Financial Report
TRON's fees and revenue increased by $21.3M compared to the previous quarter, more than 52% YoY
Additionally, the number of TRX holders surpassed 134M, marking a 9.2% increase compared to the previous quarter and more than 35% YoY pic.twitter.com/U1WA03Gv1h
— Coin98 Analytics (@Coin98Analytics) July 4, 2024
TRON Q2 2024 Network Metrics
In Q2 2024, TRON’s network activity reached new heights. Over 569 million transactions were conducted, marking a more than 29% increase quarter-over-quarter. Additionally, 19.5 million new addresses were created, reflecting a 41% year-over-year growth. Notably, the total supply of TRX decreased by 580 million, contributing to lower inflation for the TRX token and potentially enhancing its value stability.
TRON Q2 2024 Ecosystem Highlights
TRON’s ecosystem also experienced remarkable growth during this period. The Total Value Locked (TVL) on the TRON network surged to $7.7 billion, representing a 36% year-over-year increase. This substantial growth in TVL highlights the increasing trust and usage of TRON’s decentralized finance (DeFi) platforms.
Furthermore, the stablecoin market cap within the TRON ecosystem saw significant expansion, rising by over $4.9 billion compared to the previous quarter. This growth represents a more than 32% increase year-over-year, underscoring the growing demand for stablecoins on the TRON network.
Overall, TRONDAO’s Q2 2024 financial report showcases the platform’s robust growth and expanding ecosystem, reinforcing its position as a major player in the cryptocurrency market.
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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