TRX Surges 3.93% as TRON Network Upgrades, $500M Milestone, and Stablecoin Growth Fuel Momentum

TRXUSDT has experienced a 3.93% price increase over the past 24 hours, currently trading at $0.2935 on Binance, up from a 24-hour open of $0.2824. The positive price movement is primarily attributed to recent significant developments on the TRON network, including the announcement of a proposal to reduce TRX block and voting rewards, which would increase TRX's annual deflation rate and potentially enhance its scarcity. Additional contributing factors include heightened market attention following Justin Sun’s announcements regarding the "Tron Speed" update and a $500 million milestone, as well as continued strong growth in stablecoin activity, with Tether minting $1 billion USDT on Tron and record increases in USDT and USDC supply on the network. TRON remains the 9th largest cryptocurrency by market capitalization, with a daily trading volume exceeding $581 million and a robust increase in network activity, processing over 8 million transactions daily.