In 2024, the Tron network saw a dominant presence of USDT and an increase in decentralized trading and meme coin generation. USDT experienced significant adoption with an increase in supply and value of transfers. However, Tron also experienced a surge in decentralized finance (DeFi) activity, particularly on the decentralized exchange SunSwap, leading to the diversification of Tron beyond stablecoin transactions. SunSwap saw a rise in monthly transactions, with a majority involving WTRX. WTRX also saw a significant increase in swap volume. Tron surpassed Bitcoin as the most-used payment blockchain but failed to see a boost in the price of TRX. TRX did experience a resurgence but faced subsequent market corrections, resulting in a decline in price.



Other News from Today