On July 18, 2024, the blockchain data analysis platform Token Terminal released TRON’s latest data report for the second quarter of 2024, revealing the strong performance of the blockchain network on multiple key indicators. The report shows that TRON has not only achieved significant growth in the number of monthly active users, but also demonstrated strong competitiveness in terms of transaction activity, fee income, and stablecoin applications.
What is particularly noteworthy is that the average number of monthly active users of TRON in the second quarter reached an astonishing 13.5 million, a steady increase compared to the first quarter. This figure not only highlights the continuous expansion of TRON's user base, but also reflects the continued appeal of its ecosystem to users.
In terms of trading activities, TRON also performed well. Data shows that the number of transactions in the second quarter reached 569 million, and the total fees exceeded US$401 million. Both indicators exceeded the total of competitors such as Arbitrum and Base. It is worth noting that trading activities on TRON are highly concentrated in the stablecoin TRC20-USDT, with nearly one-third of transactions and up to 93% of fees related to it. This trend not only proves the core position of TRC20-USDT in the TRON ecosystem, but also reflects its wide application and high recognition in the field of global on-chain payments.
In addition, TRC20-USDT has also achieved a continuous surge in circulation in the second quarter, further consolidating its leading position in the stablecoin market. According to statistics, the total number of TRC20-USDT transactions in the quarter was close to 180 million, and the total transfer amount was as high as about 1.2 trillion US dollars. This data means that the average daily number of transactions and the average daily transfer amount of TRC20-USDT have reached an astonishing 2 million and 13.3 billion US dollars respectively, fully demonstrating its efficiency and convenience in the global payment field.
TRON delivered an impressive report card in the second quarter of 2024. Whether from the perspective of user activity, transaction activity or stablecoin application, TRON has demonstrated strong competitiveness and broad development prospects. With the continuous development of blockchain technology and the continuous expansion of application scenarios, we have reason to believe that TRON will continue to lead the new era of blockchain finance in the future.
