Last year there was an extraordinary year for the throne, which strengthened his position in the blockchain industry. The network used the main market trends for 2024 to attract recent users and raise activity on the subject. The latest Cointelegraph Research report contains an in -depth analysis of the throne progress, which analyzes its current state and emphasizes network performance, strategic partnership and ecosystem extension.
Despite the fact that 2024 is a arduous year for the Altcoin market, TRON (TRX) showed much stronger price efficiency than Bitcoin (BTC), Ether (ETH) and other leading altcoins. This was rated by BTC by almost 27% and exceeded the wider Altcoin market by 50%. TRX has set a recent level of USD 0.426 in history and achieved market capitalization of $ 9.54 billion at the top.
The raise in Stablecoin drives network activity to the throne
Stablecouins on the throne recorded increased activity in 2024. Their supply increased by 27%, mainly powered by the extensive USDT emission (USDT).
The throne remains the main blockchain for USDT employ. USDT dominates In the throne, constituting almost 98% of Stablecoin supply. Its employ now contributes up to about 30% of all transactions on the web. While almost 47% of the total supply of USDT is on Ethereum and only 43% on the throne, the latter leads in USDT transfers and facilitate 61% of all such transactions in blocks.
Memecoin Craze drives the throne adoption
Launching Sunpump was a key moment for the TRON ecosystem. Sunpump quickly gained significant community interest. This success was powered by energetic support for the throne for the ecosystem, which Include Ecosystem motivation program of memes worth $ 10 million. Memecoins are crazy about the throne beginning over 94,000 recent tokens.
Sunpump has become one of the three most successful truthful starting platforms, as well Pump.fun AND Moon. Shortly after his debut, he lured a significant part of the pump. Fun audience, powered by a high market memecoin growth on the throne and a quick reception of commercial tools supported by the throne, such as telegram bots. At the top of Sunpump, he even turned the pump. In one day the number of created tokens.
Key results and plans for 2025
In 2024, the throne showed good results both economically and in Onchain’s activity.
This year, the throne was constantly included in the leading public blocks of layer 1 by number energetic Addresses and transactionS. only lasted Solana in daily energetic addresses and recorded an raise of 20% year on year.
In addition, the throne exceeded $ 2 billion of annual revenues, setting a recent record. While the launch of Sunpump caused a significant raise in revenues, Stablecoin transfers remain a key reason for high activity on the throne.
The throne made significant progress in preventing illegal activities related to USDT. Since its establishment in August, the financial crime unit T3 frozen or took over over 126 million USDT from malicious actors.
The future of the development of the throne indicates further extension in the Bitcoin ecosystem and the integration of artificial intelligence. Justin Sun recently indicated During the development of a service related to AI on the throne, potentially related to the growing popularity of AI agents. It is also expected that further improvements to Stablecoin, such as the gas token-gaseous payments, will be published this year.
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