Token Terminal and Messari release research reports on TRON network for Q1 of 2024

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
Analysis

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:

• 
  Daily
  Transaction
  Fees:
  TRON
  leads
  with
  $4.4
  million
  in
  daily
  transaction
  fees,
  significantly
  higher
  than
  its
  peers,
  highlighting
  the
  network’s
  robust
  activity
  and
  utility.
• 
  Daily
  Active
  Users:
  
  Averaging
  1.6
  million
  daily
  active
  users
  across
  Q1,
  TRON
  is
  a
  leading
  blockchain
  for
  user
  activity,
  demonstrating
  a
  vibrant
  and
  engaged
  user
  base
  that
  supports
  continuous
  network
  growth.
• 
  Transaction
  Volume
  and
  Efficiency:
  TRON’s
  high
  transaction
  volume
  and
  operational
  efficiency
  underscore
  its
  strong
  infrastructure,
  which
  is
  optimized
  to
  handle
  extensive
  activity
  without
  compromising
  speed
  or
  cost.

Messari’s
Comprehensive
Insights

Messari’s
report
showcases
key
areas
of
TRON’s
growth
and
strategic
advancements:

• 
  Revenue
  and
  Market
  Expansion:
  With
  a
  15%
  increase
  in
  market
  cap
  and
  record
  Q1
  revenue
  of
  $128.1
  million,
  TRON
  has
  solidified
  its
  place
  among
  the
  top
  revenue-generating
  blockchain
  networks.
• 
  DeFi
  and
  Stablecoin
  Sector
  Growth:
  TRON’s
  DeFi
  sector
  saw
  a
  25%
  increase
  in
  TVL,
  while
  its
  stablecoin
  market
  cap,
  dominated
  by
  USDT,
  grew
  by
  8%,
  further
  anchoring
  its
  pivotal
  role
  in
  the
  global
  stablecoin
  market.
• 
  Layer-2
  Development
  for
  Bitcoin:
  The
  TRON
  DAO’s
  introduction
  of
  a
  Layer-2
  solution
  for
  Bitcoin
  marks
  a
  pivotal
  development,
  aiming
  to
  integrate
  the
  TRON
  network,
  
  
  BitTorrent
  Chain,
  and
  Bitcoin
  networks
  to
  boost
  scalability
  and
  functionality.

Further
Insights 

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.

a

About
TRON
DAO

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.

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Media
Contact


Hayward
Wong



[email protected]