Stablecoin and memecoin frenzy drive Tron’s adoption: Report
Tron strengthened its position in the blockchain industry in 2024, outperforming Bitcoin and Ether with a 27% and 50% price increase, respectively. TRX reached an all-time high of $0.426 and a market cap of $9.54 billion. Stablecoin activity surged, with USDT accounting for nearly 98% of Tron’s stablecoin supply and contributing to 30% of all transactions. The memecoin launch SunPump attracted significant community interest, leading to over 94,000 new tokens and establishing itself as a top fair launch platform. Tron recorded over $2 billion in annual revenue, driven by stablecoin transfers. The T3 Financial Crime Unit seized over 126 million USDT from malicious actors. Future developments include expansion into the Bitcoin ecosystem and AI integration, with improvements in stablecoin usability anticipated.
