$TRX
📢 TRX Update: What's New in the World of Tron? 📉🔥
The Tron network is buzzing with exciting developments. Here are some key updates:
- TRX Spot ETF: Canary Capital has filed for the first TRX spot ETF in the US, including staking in the proposal. This move is expected to boost altcoin ETF momentum.
- Block Reward Reduction: Tron founder Justin Sun has proposed reducing block rewards to increase the network's deflation rate. This could potentially double the deflation rate to 2% per year, making TRX more valuable.
- Market Performance: TRX recently hit an all-time high of $0.431, surging 70% in a single day. Its market capitalization has also grown, ranking it among the top 10 cryptocurrencies.
- Revenue Growth: In Q3 2024, Tron's revenue grew by 6% in TRX, reaching 1.05 billion. The meme coin boom contributed to this growth, boosting Tron’s DeFi activity.
⚠️ What's Next for TRX?
The Tron community is actively discussing the block reward reduction proposal, with some suggesting a 50% reduction. Others propose a gradual reduction starting with 10% or 20%. The outcome of this discussion will likely impact the future of TRX. As the crypto market continues to evolve, it's essential to stay informed about the latest developments in the Tron ecosystem.