Cointelegraph and CryptoQuant Release Research Reports Analyzing TRON Network Activity, Emphasizing High Transaction Speeds, Scalability, and Cost-Effectiveness

Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth

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Geneva, Switzerland – August 5, 2024 – In a recent development, two comprehensive research reports have been released by leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant, offering in-depth analyses of the TRON network. These reports combine on-chain data and observations to highlight a continuous rise in network activity and showcase TRON’s high transaction speeds, scalability, and cost-effectiveness, making it a preferred blockchain network for everyday transactions.

Cointelegraph Research

Cointelegraph’s research provides an in-depth analysis of the TRON ecosystem and key features of the blockchain. The report reveals that TRON’s network activity is largely driven by a robust and stable demand for USDT transfers on the TRON blockchain, creating a reliable source of protocol revenues. The demand for USDT and other token transfers on TRON is observed to be highly inelastic, exhibiting stability irrespective of the market sentiment.

Key Highlights:

Read the full research report from Cointelegraph here.

CryptoQuant Research

CryptoQuant’s research report offers an in-depth analysis of the TRON network, examining its fast transaction speeds and the TRC-20 USDT stablecoin activity. On-chain data reveals that most holders on TRON are classified as retail or small holders who use TRC-20 USDT for everyday transactions.

Key Analysis:

CryptoQuant’s report highlights that TRON is particularly favored by retail users for fast, frequent, low-value transactions such as remittances, micropayments, and peer-to-peer transfers. The strong participation of retail users highlights TRON’s practicality and cost-effectiveness. With a steady increase in transaction volume and network activity, TRON is enhancing liquidity and overall network health.

Read the full report from CryptoQuant here.

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

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2024, it has over 247 million total user accounts on the blockchain, more than 8 billion total transactions, and over $22 billion in total value locked (TVL), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

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