Cointelegraph and CryptoQuant Research Reveal TRON's Inelastic Activity, Maintaining Stability

Geneva, Switzerland - August 5, 2024 - Leading crypto media research firms Cointelegraph and CryptoQuant have released comprehensive reports analyzing the TRON network. These reports highlight a rise in network activity, focusing on TRON's high transaction speeds, scalability, and cost-effectiveness for everyday transactions.

Cointelegraph's research indicates TRON's network activity is driven by stable demand, making it a reliable source of protocol revenues. The demand for USDT and other token transfers on TRON remains stable, irrespective of market sentiment. Key findings include a rise in active addresses, making TRON a dominant player among its peers with over 2 million daily active addresses. TRON also ranks as the second-largest blockchain for stablecoin transfer activity and noted a 15% market cap increase in Q1 2024.

CryptoQuant's analysis emphasizes TRON's scalability and transaction speed, capable of processing up to 2,000 transactions per second. The network is favored by retail users for its practicality in handling small transactions like remittances and micropayments. With over 52.6 million small holders, retail users account for a significant percentage of USDT transactions on the network. These factors contribute to TRON's increasing liquidity and network health.

The combined insights from Cointelegraph and CryptoQuant underline TRON's robust network activity and stable demand for TRC-20 USDT, reinforcing its role in advancing the practical use of digital assets and promoting blockchain ecosystem health.