State of TRON H1 2024 by CryptoRank

TRON DAO
1 min readAug 8, 2024

Recent research from CryptoRank underscores TRON’s remarkable onchain activity surge over six consecutive quarters. These reports highlight TRON’s robust technical infrastructure and exceptional scalability. Notable findings include TRON’s 29% QoQ increase in average daily transactions and 31% QoQ growth in daily active addresses, illustrating the network’s escalating engagement. Additionally, TRON’s strategic initiatives, such as the Grants Program and the $100 million AI development fund, are driving ecosystem expansion.

CryptoRank’s analysis emphasizes TRON’s impressive technical capabilities, such as generating blocks every 3 seconds and supporting up to 2,000 transactions per second. TRON now holds the second place in dApps TVL among all blockchains, with a total value of over $8.2 billion. This growth is primarily driven by its stablecoin utility, with USDT leading the charge. As TRON continues to enhance its capabilities with initiatives like Bitcoin Layer 2 integration and gasless stablecoin transfers, it is poised to further solidify its leadership in the blockchain space. For a detailed examination, read the full research reports from CryptoRank.

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TRON DAO
TRON DAO

Written by TRON DAO

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