CandleFocus

Tron (TRX) Becomes Deflationary Asset This Year: Data

Author: Content Editor
Tron (TRX) has achieved deflationary status as its circulating supply has decreased by 2.41 billion tokens over the past year. This reduction is equal to $381.2 million and has resulted in a 2.93% deflation rate for TRX. TRX's network implements a mechanism similar to Ethereum's EIP 1559, where users burn TRX to pay for transaction resources, preventing inflation and preserving network resources. Tron's founder, Justin Sun, believes the supply reduction process will continue. Tron's price is currently holding above $0.16 and has seen a 1.86% increase in the past 24 hours. The increase in network activity on Tron is partly attributed to the popularity of the SunPump meme coin launcher, which has recorded over 90,000 meme coins created and has generated nearly 35 million TRX in associated network fees.

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