CandleFocus TRON’s Impressive Growth in August 2024: Fees, Revenue, and TVL Surge
2024-09-10
Author: Content Editor
TRON's August report revealed a 38.1% increase in revenue, amounting to $38.99 million. The network also experienced high activity, burning 420.8 million TRX. USDT accounted for 99% of TRON's stablecoin market cap, reaching $58.5 billion. TRON's growth was attributed to positive financial performance, increased trading volume, and consistent TVL. The number of TRX holders rose by 4.92 million, while the network recorded over 231.7 million transactions. TRON's staking figures tripled, and its TVL closed at $8.18 billion. USDT dominance and upward price momentum position TRON as a major player in the blockchain space.
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