The post Cointelegraph and CryptoQuant research reveal TRON’s inelastic activity, maintaining stability appeared on BitcoinEthereumNews.com.

Geneva, Switzerland – August 5, 2024 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous rise in network activity and emphasize TRON’s high transaction speeds, scalability, and cost-effectiveness, which make it a preferred blockchain network for everyday transactions. Cointelegraph Research Cointelegraph’s research provides an in-depth analysis of the TRON ecosystem and key features of the blockchain. The report reveals that, unlike other blockchains driven by incentive programs and speculative trends, TRON’s network activity is anchored by a robust and stable demand, creating a reliable source of protocol revenues. The research also highlights that the demand for USDT and other token transfers on TRON is remarkably inelastic, maintaining stability regardless of market sentiment. Key Highlights: Strong growth in active addresses is further evidence of organic adoption. TRON exceeds all of its direct competitors with over 2M daily active wallet addresses. According to data from DefiLlama, TRON has replaced the BNB Chain as the L1 with the second-highest TVL. As of June 2024, TRON is the second-largest blockchain in terms of stablecoin transfer activity. A 15% increase in market cap was noted in Q1, alongside a record revenue of $128.1 million in the first quarter, ranking it among the top revenue-generating blockchain networks. Read the full research report from Cointelegraph here. CryptoQuant Research CryptoQuant’s research report offers an in-depth analysis of the TRON network, examining its fast transaction speeds and the TRC-20 USDT stablecoin activity. On-chain data reveals that most holders on TRON are classified as retail or small holders who use TRC-20 USDT for everyday transactions. Key Analysis: TRON’s key advantages are its high scalability and transaction speed. The network is capable of processing up to 2,000 transactions per second…

---

Filed under: News - @ August 6, 2024 6:14 am