In the first quarter of 2023, the cryptocurrency market experienced several changes with the help of research and intelligence analyst, Messari. In their report on the state of TRON and USDF, Messari highlighted several key takeaways on the overall status of the cryptocurrency market.

The USDF stablecoin, which is overseen by the TRON DAO Reserve (TDR), saw an increase of 130,000 holders in the first quarter of the year. Furthermore, the platform experienced additional exposure through notable partnerships and integrations with swapFish, LayerZero Labs’ Aptos Bridge and SushiSwap on the BitTorrent Chain (BTTC).

The TRON blockchain ecosystem also showed growth during the quarter, with 193,000 new account holders per day which exceeded the yearly average of 172,000, as well as a 7.7% increase in transactions per day. TRON’s position in the stablecoin market is also noted as being second only to Ethereum, and strategic partnerships with platforms such as Blockbank, Fireblocks and Uphold help to improve accessibility and usage of the platform.

Initiatives such as the TRON Climate Initiative and the TRON Academy demonstrate their commitment to both the environment and next-gen education, whilst partnerships with major players of the crypto market, will help to boost the profile and usage of the network. TRON stated that their objectives for 2023 include the expansion of DeFi, stablecoin adoption, AI and other use cases.



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