CryptoQuant Integrates TRON Data Into Its Blockchain Analytics Platform
- WBOYOriginal
- 2024-06-26 15:09:49373browse
This groundbreaking development is set to radically revolutionize how users interact with and derive profound insights from the TRON network.
This integration will provide deeper insights into the TRON network's activity and market trends.
Key Highlights:
- CryptoQuant has integrated TRON network data into its platform, enabling users to access more comprehensive blockchain data.
- This collaboration allows investors and researchers to access TRON network data from CryptoQuant's platform, facilitating broader data analysis.
- "The partnership between TRON DAO and CryptoQuant is a significant milestone in our journey towards greater transparency and enhanced market analytics," said Dave Uhryniak, Head of Ecosystem at TRON DAO.
CryptoQuant is an industry-leading platform that provides comprehensive analysis of blockchain data. The company focuses on making blockchain data more accessible and insightful for its users. CryptoQuant leverages a range of data integration tools (ETL, ELT, real-time data integration, application integration (API), data virtualization, and federated data integration) to enhance its data processing capabilities.
As of June 2024, CryptoQuant is one of the most widely used blockchain analytics platforms globally. The company offers a wide range of real-time data and on-chain metrics for the cryptocurrency market. CryptoQuant's data is widely used by institutional investors, hedge funds, and crypto enthusiasts worldwide.
TRON DAO, on the other hand, is a community-governed decentralized autonomous organization (DAO) dedicated to accelerating the decentralization of the internet through blockchain technology and dApps. The TRON Network was founded in September 2018 by TRON's founder H.E. Justin Sun. The network launched its mainnet in May 2018 and has continued to impress since then. In July 2018, it integrated the BitTorrent ecosystem, a pioneer in decentralized Web3 services with over 100 million monthly active users.
The TRON Network has gained significant traction in recent years. According to TRONSCAN, as of June 2024, the blockchain has over 233.71 million total users, over 7.75 billion total transactions, and a total value locked (TVL) of over $21.82 billion. Additionally, TRON hosts the most widely circulated USD Tether (USDT) stablecoin globally, surpassing USDT on Ethereum since April 2021.
The TRON Network completed its full decentralization in December 2021 and is now a community-governed DAO. Recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica. This marked the first time a major public blockchain partnered with a sovereign nation to build national blockchain infrastructure. In addition to the government's approval for the issuance of Dominica Coin ("DMC"), a blockchain-based fan token designed to support fan engagement in the entertainment industry, the existing seven TRON-based tokens (TRX, BTT, NFT, JST, USDD, USDT, and TUSD) were also approved as legal digital currency and medium of exchange in Dominica.
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