TRON network has registered a surge in network activity as the daily active addresses count is up 52% year-to-date. Per data from IntoTheBlock, the current daily average stands at over 2.42 million addresses, compared to 1.59 million on January 1st. This significant growth highlights the increasing adoption and utilization of the TRX blockchain.
It also demonstrates the network’s ability to handle a large number of transactions efficiently and its low cost has been a key factor driving its popularity. While the exact reasons behind this surge can be multifaceted, several factors likely contribute to the trend. The thriving DeFi ecosystem on TRON, coupled with the network’s support for stablecoins and its role in the global payments landscape, have attracted a growing user base.
TRX comes with a market cap of $11 billion, 100% of the total supply in circulation, and an average of 6,000,000 TRX tokens burned daily.
TRON’s founder, Justin Sun, has consistently highlighted the network’s commitment to scalability and user experience. The recent developments, including the launch of new dApps and partnerships, have further bolstered TRON’s position as a leading blockchain platform.
TRON’s Zero-Fee Transfers: Stablecoin Revolution Arrives Q4
As reported by TronWeekly, the blockchain’s latest innovative feature will allow gas-free stablecoin transfers and is scheduled to launch in the fourth quarter of this year, per Sun. With zero fiat fees, users would be able to transfer stablecoins in a seamless and hassle-free manner. The fees will be deducted directly from the stablecoins being transferred, similar to how trading fees are managed on centralized exchanges [CEX].
This launch is part of Tron’s broader strategy to improve user experience and drive adoption of its blockchain ecosystem. The gas-free transfer feature will first be rolled out on the TRX blockchain before expanding to Ethereum and all EVM-compatible public chains.
That being said, as the number of active addresses continues to rise, it is evident that TRON is gaining traction among both individual users and businesses. This positive momentum would likely fuel further growth and development within the TRX ecosystem.