TRON (TRX) Burns 11.5M Tokens, Dominates the Stablecoin Market, and Advances Data Security with DePIN

On July 2nd, TRON made headlines by burning 11,531,634 TRX tokens. This important action shows the dedication of the network to deflation and value expansion.

TRON (TRX) burned 11,531,634 tokens on July 2nd, showing a commitment to deflation and value growth. With a net negative production ratio of -6,465,123, TRON maintains its top position in the blockchain sector.

Such token burns are crucial in reducing supply and potentially increasing the value of the remaining tokens, ultimately benefiting the ecosystem and its holders.

TRON not only advances with token burns but also claims to be leading the stablecoin market and transforming global corporate operations. According to the latest data from Orbital, TRON’s dominance in stablecoin transactions is evident.

With an impressive 97.62% share, TRON far surpasses Ethereum (ETH) at 2.12%, Solana (SOL) at 0.21%, Binance Smart Chain (BNB) at 0.05%, and Polygon (MATIC) at 0.01%. This overwhelming majority highlights TRON’s efficiency in handling stablecoin transactions.

Moreover, as CNF reported at the end of June, TRON’s remarkable successes include daily active users reaching a substantial 2.5 million.

This surge in active users demonstrates strong adoption and expanding network activity. Such a vast user base not only supports TRON’s technological prowess but also showcases the community’s trust and participation.

In another significant development, TRON’s partnership with BTFS is enhancing data security. By integrating DePIN (Decentralized Physical Infrastructure Networks), TRON and BTFS are redefining standards for data security and decentralization. Leveraging the strengths of both networks, this integration ensures robust and secure data preservation.

Meanwhile, TRX, the native token of TRON, trades at around $0.1289 at the last check. In recent market movements, the coin has seen a slight gain of 0.58% over the past 24 hours. Additionally, over the last week, TRX has demonstrated a positive trend, increasing by 5.23%.

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