TRON had a successful second half of 2024, with record-breaking performance, all-time high prices for its native token, and increased ecosystem activity due to memecoin launches. The TRON blockchain's native token, $TRX, reached a new all-time high of $0.416 but has since adjusted to $0.225. The majority of wallets holding $TRX are currently in profit. TRON's price generally increases over time with major drops occurring after exponential growth cycles. TRON has the lowest price-to-revenue ratio in the market, indicating higher revenue relative to market capitalization. It is also the most cost-efficient L1 blockchain, spending only $0.85 for every $1 generated in fee revenue. TRON ranked second in revenue after Ethereum and solidified its leadership in stablecoin activity, ranking third in stablecoin transfers. TRON also ranked highly in active addresses and transaction volume. The Total Value Locked metric dropped compared to other blockchains but still remains in the top five. TRON launched its own version of pump.fun called SunPump, which proved to be successful and often outperformed pump.fun. TRON also collaborated with Tether and TRM to establish the T3 Financial Crime Unit, which froze over $100 million in criminal assets and significantly reduced illicit activity in the TRON network. TRON is now exploring the integration of AI technologies and aims to become a leader in AI-crypto synergy. The TRON blockchain is seen as a reliable decentralized infrastructure, and with its successful initiatives and market confidence, it is expected to continue its upward trajectory in 2025 and beyond.
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