Trondao, the thriving blockchain ecosystem, experienced notable growth and stability in May 2024 across various key metrics. Let’s delve into the highlights.
Trondao’s income statement reflected promising growth, with revenue and fees climbing by 9.2% compared to the previous month. Impressively, earnings surpassed the $20.35 million mark, indicating a robust financial trajectory.
. @trondao Monthly Report – May 2024
Highlights:
– Revenue and Fees increased by 9.2%
– Over 196M transactions and 6.2M new addresses were created
– TRX has been in deflation for 632 days
– TRON leads in daily active users
– TVL increased by $110M
– Stablecoin market cap… pic.twitter.com/hAJnzfV7uO— Coin98 Analytics (@Coin98Analytics) June 4, 2024
The number of TRX holders surged, surpassing 130 million in total. Notably, TRX experienced consistent burning, outpacing its generation rate since the year began. This sustained reduction in TRX supply has led to deflation for an impressive 632 consecutive days.
Tron Ecosystem Growth And TVL Spike
Within the TRON ecosystem, May witnessed a flurry of activity, with over 196 million transactions executed. Additionally, more than 6.2 million new addresses were created, bringing the total number of unique addresses to 223.5 million, showcasing the ecosystem’s growing user base.
Staking remained stable with minimal fluctuations compared to the previous month, highlighting Trondao’s commitment to decentralization and security.
The Total Value Locked (TVL) in Trondao saw a steady increase throughout May, surpassing 7.5 billion. Notable protocols contributing to this growth included JustLend, JustStables, and SUNSwap V1.
USDT continued to dominate the stablecoin market on Trondao. However, HUSD experienced remarkable growth, increasing over 12 times to reach a market cap of $4.5 million, reflecting the ecosystem’s diversifying stablecoin landscape.
In summary, May was a month marked by growth, stability, and increasing adoption within the Trondao ecosystem, reaffirming its position as a leading blockchain platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.