TRON August 2024 Monthly Report - Positive Growth Is Recorded across TRON's Monthly Fees, Revenue, and Earnings

TRON DAO experienced remarkable growth across key metrics, as outlined in their latest monthly report. The blockchain saw a rise in revenue, increased trading volume, and consistent total value locked (TVL), making it one of the most active networks in the crypto space.

TRON’s financials report for August 2024 showed a 38.1% increase in fees and revenue, continuing a trend of positive growth. The blockchain’s earnings nearly doubled from the previous month, closing at $38.99 million.

TRX saw a significant increase in trading volume, with an $8.5 billion rise compared to July. Additionally, the number of TRX holders surged by 4.92 million, bringing the total to over 143.5 million people.

Coin98 Analytics also highlighted a spike in the amount of TRX burned in August, with a single-day burn of 34.67 million TRX on August 21. For the month, TRON burned 420.8 million TRX while generating 157 million new TRX, reflecting the active participation within the network.

The TRON network recorded over 231.7 million transactions in August, with a total of 254.8 million unique addresses. The platform averaged 2.1 million daily active users, outperforming several other blockchains, such as Solana, in terms of user engagement.

TRON’s staking figures tripled from the previous month, reaching 47.11 billion TRX. The blockchain’s TVL remained consistently high, closing August at $8.18 billion, with a peak of $8.75 billion on August 26.

Finally, Coin98 Analytics also noted that USDT continues to account for 99% of the stablecoin market cap on TRON, amounting to $58.5 billion by the end of August. TRON ranks just behind Ethereum in terms of USDT stablecoin volume, further solidifying its influence in the stablecoin sector.

The above is the detailed content of TRON August 2024 Monthly Report - Positive Growth Is Recorded across TRON's Monthly Fees, Revenue, and Earnings. For more information, please follow other related articles on the PHP Chinese website!