State of TRON H1 2024 by CryptoRank

TRON DAO
1 min readAug 8, 2024

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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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