Over the past two years, TRON’s market cap has more than doubled, reflecting the strong growth and increasing usage across the network.
Key metrics on @trondao are all trending upwards, highlighting the platform’s expanding ecosystem.
In recent months, TRON has seen:
- Monthly fees totaling ~$220 million
- Monthly transactions hitting ~225 million
- Monthly active users reaching 14.1 million
Key usage metrics on @trondao are trending up.
▪️ Monthly fees ~$220m
▪️ Monthly transactions ~225m
▪️ Monthly active users ~14.1mTop applications: @Tether_to and @sunpumpmeme.
▪️ Tether | USDT supply ~$61.8b and monthly USDT senders 8.3m
▪️ Sun Pump | Daily active addresses… pic.twitter.com/05OhCmW2tF— Token Terminal | @ TOKEN2049 🇸🇬📊 (@tokenterminal) September 17, 2024
Top applications driving this growth include @Tether_to and @sunpumpmeme. Tether (USDT) remains a cornerstone of the TRON ecosystem, with a current supply of ~$61.8 billion and 8.3 million monthly USDT senders. Additionally, Sun Pump, a rapidly growing platform, boasts ~10.3K daily active addresses, with around $416K in gas usage.
The past 30 days have seen 59.9 million USDT transfers on TRON, further underscoring its role as a leading network for stablecoin transactions.
In a recent move to reinforce its deflationary model, TRON burned 9.54 million $TRX tokens on September 17th, achieving a net negative production ratio of -4,471,941. This commitment to token burning is aimed at boosting value and ensuring long-term growth for the network.
#TRON just burned 9,538,804 #TRX on September 17th 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -4,471,941 🤯 pic.twitter.com/0FfbmjnBdG
— TRON Community (@TronixTrx) September 18, 2024
TRON’s First NFT Collection Launched Its Own Memecoin
Adding to the excitement, TRON’s first NFT collection, #Tpunks, recently launched its own meme-coin, #SunPunk. This NFT series has gained popularity, with Justin Sun himself using Tpunk #3442 as his profile picture for six months. Now, Tpunks are offering a giveaway where one lucky participant can win a Tpunk, valued at $250.
#Tpunks, the first NFT collection on the #TRON blockchain, has launched its own meme-coin, #SunPunk 🔥
Fun fact: Justin Sun used Tpunk #3442 as his profile picture for six months!
As the pioneering Tron NFT and memecoin with real-world use cases, they offer an exciting… pic.twitter.com/aNwdpxK2Qf
— TRON Community (@TronixTrx) September 18, 2024
As TRON continues to grow, its focus on NFTs, memecoins, and a deflationary model is positioning it as a major player in the blockchain space. With exciting developments like Tpunks and SunPunk, the TRON ecosystem is buzzing with activity and potential.
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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Image Source: slavstan/123RF // Image Effects by Colorcinch
