Cointelegraph and CryptoQuant Highlight TRON’s Stability and Growth

Leading crypto media research firm Cointelegraph and crypto research platform CryptoQuant have unveiled detailed reports analyzing the TRON network’s growth and stability. These reports underscore TRON’s escalating network activity, high transaction speeds, and scalability, making it a preferred blockchain for everyday transactions.

Cointelegraph’s research delves into the TRON ecosystem, noting that its network activity is driven by a consistent and robust demand, unlike other blockchains influenced by speculative trends. This stability translates to reliable protocol revenues. The demand for USDT and other token transfers on TRON remains inelastic, retaining stability irrespective of market sentiment.

Significant findings from Cointelegraph's report include TRON's organic adoption evidenced by over 2 million daily active wallet addresses, surpassing its competitors. Data from DefiLlama indicates that TRON has overtaken the BNB Chain as the L1 blockchain with the second-highest Total Value Locked (TVL). As of June 2024, TRON ranks as the second-largest blockchain for stablecoin transfer activity. A notable 15% increase in market cap in Q1 and a record revenue of $128.1 million place TRON among the top revenue-generating blockchain networks.

CryptoQuant’s report highlights TRON’s rapid transaction speeds and high scalability. The network can process up to 2,000 transactions per second (TPS), significantly outpacing Ethereum’s 119 TPS. TRON achieves these speeds through its Delegated Proof of Stake (DPoS) mechanism and BitTorrent integration for distributed storage, eliminating the need for external scaling solutions. This makes TRON suitable for large-scale applications and high-traffic environments.

The report also reveals that most TRON USDT holders are retail or small holders, with over 52.6 million small holders responsible for 28% of USDT transactions as of July 2024. TRON's efficiency in handling both large and small transactions makes it particularly favored for fast, frequent, low-value transactions like remittances, micropayments, and peer-to-peer transfers. This strong retail participation underscores TRON's practicality and cost-effectiveness.

The combined insights from Cointelegraph and CryptoQuant highlight TRON’s robust network activity and the stable demand for TRC-20 USDT. These reports collectively illustrate TRON’s leading role in advancing the practical use of digital assets, enhancing liquidity, and promoting the overall health of the blockchain ecosystem.

Read the full research report from Cointelegraph here and from CryptoQuant here.