Curated News
By: NewsRamp Editorial Staff
October 22, 2024

Messari Reports TRON's Protocol Revenue Reached an All-Time High in Q3 2024

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Source News Release

TLDR

  • TRON's Q3 2024 performance reflects impressive growth, with all-time high protocol revenue and significant increases in key metrics.
  • The TRON network experienced a 29% increase in protocol revenue, driven by rising on-chain activity, transaction volumes, and user base.
  • TRON's growth and development aim to accelerate decentralization and provide cost-efficient transactions, contributing to a more decentralized internet and blockchain technology.
  • TRON's Q3 2024 performance highlights significant growth in protocol revenue, user base, and key metrics, making it an exciting development in the digital asset market.

Impact - Why it Matters

This news matters as it highlights the remarkable growth of TRON's protocol revenue and on-chain activity in Q3 2024, showcasing its increasing appeal for cost-efficient transactions and its efforts to combat cryptocurrency-related crimes. It also emphasizes TRON's significant ecosystem growth, including the launch of HackaTRON Season 7 and the establishment of the T3 Financial Crime Unit. The impact of TRON's achievements extends to the broader blockchain and digital asset market, as well as its potential to shape the future of decentralized Web3 services.

Summary

Messari, a leading provider of digital asset market intelligence products, released a research report highlighting TRON’s Q3 performance. The report details seven consecutive quarters of increasing on-chain activity, driving its protocol revenue to an all-time high, fueled by increased transaction volumes and a rapidly growing user base. TRON experienced impressive protocol revenue growth, reaching an all-time high of $151.2 million in Q3 2024, reflecting a 29% increase quarter-over-quarter. The network achieved notable growth across several key metrics, including market cap, DeFi TVL, stablecoin market cap, and average daily DEX volume. TRON also passed proposals to lower gas fees and launched HackaTRON Season 7 to attract developers.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Messari Reports TRON's Protocol Revenue Reached an All-Time High in Q3 2024

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