The post Tron Reaches 2.5M Daily Users – Here’s Why It Matters appeared on BitcoinEthereumNews.com.

Tron’s daily active users reached 2.5 million, reflecting significant adoption and growth in network activity. TRX’s user base surge demonstrates increased popularity and widespread usage in the crypto market. Tron’s (TRX) performance for the last few months has been excellent, hitting multiple benchmarks. Being one of the few cryptocurrencies with a green weekly price chart, the blockchain not only increased network activity but also did well financially. Tron Network Activity Soars In the latest news, IntoTheBlock tweeted about a fascinating Tron blockchain development. As of right now, the tweet claims that there are about 2.5 million active Tron addresses, up from the start of the year. This enormous increase shows how widely Tron is being adopted and used; it exceeds the number of active addresses on top layer-1 blockchains. Since the beginning of the year, the number of active @trondao addresses has steadily increased, approaching a daily average of 2.5 million, far surpassing other leading Layer 1 networks pic.twitter.com/TCiatVqVOM — IntoTheBlock (@intotheblock) June 26, 2024 Considering these encouraging figures, analysts looked into TRX’s network activities using Artemis’ data. According to the research, TRX’s daily active addresses have been increasing consistently within the last month. Daily transactions on the blockchain therefore followed a similar increasing trend. Source: Artemis Apart from the increase in network activity, the captured value metrics for TRX also appeared promising. The increase in TRX fees and income last month indicates that the blockchain has a bright financial future. But over the past seven days, TRX’s performance in the DeFi area has declined, as seen by a significant drop in its Total Value Locked (TVL). Rising Popularity in LATAM Furthermore, TRON has been becoming more and more popular in Latin America. Underscoring USDT’s growing popularity in the region, a prior CNF report highlighted that 48.78% of Uquid users…

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Filed under: News - @ June 30, 2024 7:02 am