Tron Network Tops Blockchains with Most Active Addresses in Past 24 Hours, TRX Price on Rise
The post Tron Network Tops Blockchains with Most Active Addresses in Past 24 Hours, TRX Price on Rise appeared on BitcoinEthereumNews.com.
Coinspeaker Tron Network Tops Blockchains with Most Active Addresses in Past 24 Hours, TRX Price on Rise Amid the gradual mainstream adoption of digital assets and web3 protocols, the Tron (TRX) network has emerged as the top smart contract-enabled chain. According to on-chain aggregate data analyzed by Lookonchain, the Tron network reported a total of 1.83 million active addresses in the past 24 hours. Interestingly, the Tron network has registered more than double active addresses in the past 24 hours compared to Solana (SOL), Binance Smart Chain (BSC), and Ethereum (ETH). Polygon (MATIC), an Ethereum-based layer two scaling solution, registered around 1.18 million active addresses in the past 24 hours. Solana and BSC recovered an average of about 829 million active addresses each in the past 24 hours. Ethereum and Bitcoin networks registered a total of 365k and 594k active addresses respectively in the past 24 hours. Here are the top 10 chains by active addresses (24h). The 24-hour active address of #Tron is 1.83M, the 24-hour active address of #Polygon is 1.18M, and the 24-hour active address of #Solana is 829.8K. pic.twitter.com/gGnXbMpJFZ — Lookonchain (@lookonchain) July 8, 2024 What’s Fueling Web3 Growth in Tron Network The Tron network has thrived in the past few years as the major minting chain for Tether’s USDT. As of this report, the Tron network had a total of about $58 billion in stablecoins market cap. The Tron network had a total value locked (TVL) of about $7.25 billion, the second largest after Ethereum. One of the top Tron network-based decentralized financial (DeFi) platforms is the JustLend protocol, which has a TVL of about $5.37 billion. Other notable web3 projects on the Tron network include JustStables CDP, SUN DEX, stUSDT RWA, and JustMoney DEX, among others. The Tron network has so far facilitated around…
Filed under: News - @ July 8, 2024 9:28 pm