Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector.Token Terminal’s comprehensive report offers crucial insights into key data points and metrics of the TRON networks, setting it apart from comparable blockchain networks:Messari’s report showcases key areas of TRON’s growth and strategic advancements:Both reports highlight TRON’s resilience and strategic adaptability. Messari notes the network’s deflationary token model as a key factor in its economic stability. Token Terminal’s analysis of TRON’s transactional efficiency and user engagement sheds light on its capacity for sustaining growth and increasing adoption.For a more granular look at TRON’s performance metrics and strategic initiatives, the full reports can be accessed through Token Terminal and Messari’s platforms. Keep up with TRON DAO for the latest updates and developments as we continue to push the boundaries of decentralization and blockchain innovation worldwide. TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2024, it has over 230.22 million total user accounts on the blockchain, more than 7.64 billion total transactions, and over $22.12 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media ContactHayward Wong[email protected]HackaTRON Season 6 attracted over 1,100 participants, with a prize pool of $650,000 in TRX and energy.TRON Whale Night 2024 featured signature cocktails, live music, and 400+ industry leaders convening for exclusive blockchain networking.LayerZero integration unlocks seamless cross-chain interactions and expands dApp deployment for TRON developers.Halving aims to optimize node performance and introduce BTFS v3.0 Mainnet for enhanced functionality.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
