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Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar. Once … Read more
Ethereum’s dominance in decentralized application deposits compensates for the reduced onchain volumes, but what about ETH price? Go to Source
Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining … Read more
Tron’s share of the stablecoin market continues to grow as the network’s adjusted transfer volume in USDT hit $384 billion in July. Go to Source
Crypto startup funding rose over 2.5% in Q2, and Tron could be on track to become the most profitable blockchain in terms of revenue, according to Justin Sun. Go to Source
In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from its ATH, several other leading … Read more
According to data from DeFi Llama, the Tron network accrued $1.31 million in network revenue during the past 24 hours alone. Go to Source
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys … Read more
In July 2024, TRON experienced significant growth across multiple metrics, showcasing its continued dominance in the blockchain space. Fees and revenue saw a 12.1% increase, while TRX market data indicated positive trends. The network recorded over 212 million transactions and welcomed 6.7 million new addresses, underscoring TRON’s robust user engagement. TRON Income Statement For July, … Read more
Tron ($TRX) has recently outpaced Ethereum ($ETH) in daily transaction volume, recording up to 7 million transactions daily. This surge highlights Tron’s growing use in areas such as gaming, entertainment, and decentralized applications (DApps). In comparison, Ethereum handles over 1 million transactions per day, underscoring its widespread application in decentralized finance (DeFi), non-fungible tokens (NFTs), … Read more
