TRON surpasses 265M users, ranking second in DeFi
TRON surpasses 265M users, ranking second in DeFi
TRON founder Justin Sun has announced that the blockchain network has reached over 265 million registered users, ranking second among all blockchain networks in total value locked (TVL) with $6.9 billion, solidifying its position as a major player in the decentralized finance (DeFi) space.
Sun shared these developments during his keynote speech at Blockchain Life 2024, emphasizing TRON’s ongoing commitment to enabling financial inclusion through blockchain technology.
According to Sun, the TRON ecosystem continues to expand rapidly, with users performing an average of 6.3 million transactions per day. Additionally, the network added 208,500 new addresses daily in the most recent quarter, showcasing its growing adoption. The TRON blockchain, known for its scalability and efficient transaction processing, offers peer-to-peer services at a rate two to three times higher than Ethereum, driving further engagement within its ecosystem.
Sun highlighted that TRON’s success is not only limited to user growth but also reflected in its DeFi achievements. Among DeFi with TVL over $6.9 billion, TRON ranks second across all blockchain networks, only behind Ethereum. TRON’s DeFi capabilities are further bolstered by the launch of initiatives like SunPump, a platform for memecoin creators, which aims to lower the entry barrier for launching digital assets within the network. This initiative has helped TRON achieve record-breaking revenue of $577 million in Q3 2024.
Looking ahead, Sun emphasized the importance of building accessible financial tools to empower communities worldwide. He sees blockchain as a tool for bridging financial gaps across borders, ensuring that individuals in developing economies can participate in the digital economy. With TRON’s growing influence, analysts suggest it will continue to play a key role in shaping the future of decentralized finance, especially as it challenges traditional financial systems.
In summary, Sun's remarks position TRON as a leader in DeFi and blockchain innovation, with a focus on accessibility and growth.
We've written before that TRON (TRX) has dramatically increased its market capitalization, which has now reached $13.5 billion.
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