Why Tron Exploded In 2024 And Left Ethereum Behind

Tron may have missed the spotlight recently, but not because it isn’t shining. In 2024, this blockchain has been racking up successes by multiplying daring initiatives. Between ubiquitous stablecoins and a wave of memecoins, it has sent the numbers soaring faster than a trader on amphetamines. An analysis of a lightning rise.

The rise of Tron driven by stablecoins and memecoins

The key to Tron’s success boils down to one word: USDT. With 98% of the stablecoin supply on its network, Tron has asserted itself as the undisputed leader in USDT transactions. In 2024, the supply of stablecoins increased by 27%, propelling network activity to record levels.

The other magic ingredient? Memecoins. The craze for wacky cryptocurrencies has taken Tron by storm, notably with SunPump. More than 94,000 tokens have emerged thanks to Tron’s $10 million incentive program.

The result: an explosion in transaction volumes and unprecedented enthusiasm.

Moreover, according to CryptoQuant:

“USDT on Tron remains dominant, but the rise of DEX trading gives it a boost.”

https://twitter.com/cryptoquant_com/status/1886797360564723768

The decentralization activity has taken off, with SunSwap recording 8.3 million transactions in just a few months.

Some key figures on Tron in 2024:

• 27% increase in stablecoin supply;
• 61% of USDT transfers occur on Tron;
• 8.3 million transactions on SunSwap in six months;
• More than 94,000 new memecoins created;
• 126 million USDT seized by the T3 Financial Crime Unit.

The crypto market under the influence of Tron

Tron has not just ridden the wave of stablecoins. It also set a record with over $2 billion in annual revenue. Moreover, its number of active addresses increased by 20% in one year, placing it just behind Solana.

In parallel, Tron is strengthening its ecosystem by planning an expansion into the Bitcoin universe and the integration of artificial intelligence. By the way, Justin Sun himself hinted that Tron could soon offer a service related to AI. With expected improvements on the payment of fees in various tokens, the future looks bright for TRX.

The TRON Portal, billed as a one-stop shop for the ecosystem, provides real-time data and sharp analyses on the network. According to TRON DAO:

“The TRON Portal is a goldmine of information about the network.”

https://twitter.com/trondao/status/1887234512796717484

With these tools and exponential growth, Tron is asserting itself as a leading blockchain, far beyond its initial reputation as an alternative to Ethereum. Tron is currently at its zenith, but accessing it is not a walk in the park. To find out how to buy TRX in 2024, follow this guide: How to buy Tron (TRX) in 2024.