Last week, the TRON network reached a new milestone, achieving an impressive 7.99 million daily transactions.
This surge highlights TRON’s growing dominance in the blockchain space. Currently, the network maintains a strong average of over 7 million transactions per day, reflecting its robust activity and adoption.
Last week, the TRON network hit a new annual high, recording 7.99 million daily transactions.
Currently, the @trondao network maintains an impressive average of over 7 million transactions per day. pic.twitter.com/cmJkHFoq3y
— IntoTheBlock (@intotheblock) August 16, 2024
Recent data from @tokenterminal reveals that, over the past month, TRON’s protocol revenue has surpassed that of Ethereum by 50%. If this trend persists, TRON’s protocol revenue could potentially exceed $2 billion by the end of the year, positioning it as the most profitable blockchain globally.
In the past 30 days, according to @tokenterminal, TRON's protocol revenue has exceeded Ethereum's protocol revenue by 50%. If this trend continues, TRON's protocol revenue could even surpass $2 billion this year, making it the most profitable blockchain on Earth! 🤯 pic.twitter.com/kbzjU5zM5O
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 15, 2024
TRON Burn Data Records Total Of 10,540,325 TRX
On August 15th, TRON took a significant step towards enhancing its value by burning 10,540,325 TRX tokens. This move underscores the network’s commitment to deflationary practices and long-term value growth. The recent burn resulted in a net negative production ratio of -5,472,934, further demonstrating TRON’s dedication to reducing its total token supply and increasing scarcity.
#TRON just burned 10,540,325 #TRX on August 15th 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -5,472,934 🤯 pic.twitter.com/O7bdfSCLae
— TRON Community (@TronixTrx) August 16, 2024
As TRON continues to lead in both transaction volume and protocol revenue, its strategies and performance suggest a promising trajectory for the future. Investors and industry observers will be keenly watching how TRON’s aggressive growth and deflationary measures impact its market position and overall blockchain ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.