• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Fees, Revenue, and TVL Surge
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Fees, Revenue, and TVL Surge
Crypto News

Fees, Revenue, and TVL Surge

vitalclick
Last updated: September 10, 2024 6:49 pm
9 months ago
Share
SHARE

Contents
Tron’s Financial StatementRising Tron’s Trading VolumeNetwork Usage and Active UsersRising Staking FiguresStablecoin Market LeadershipTron Predictions

In August 2024, TRON DAO saw impressive growth in several key areas, according to their latest monthly report. The blockchain experienced a rise in revenue, trading volume, and maintained a stable total value locked (TVL), making it one of the most active networks in the crypto world.

What else contributed to TRON’s success this month?

Tron’s Financial Statement

Coin98 Analytics recently highlighted TRON’s August financial performance, showing a remarkable 38.1% increase in fees and revenue. The blockchain’s earnings nearly doubled from the previous month, reaching $38.99 million.

. @trondao Monthly Report – August 2024

Key Summary:

– Positive growth is recorded across TRON’s monthly Fees, Revenue and Earnings
– TVL remained consistently high, above the $8B level
– USDT continues to account for ~99% of stablecoin m.cap on TRON, at $58.5B

(1/16) pic.twitter.com/Na6ie5bQVp

— Coin98 Analytics (@Coin98Analytics) September 10, 2024

This steady growth highlights TRON’s rising influence in user activity and financial performance.

Rising Tron’s Trading Volume

TRX trading volume increased significantly by $8.5 billion compared to July. Additionally, the number of TRX holders grew by 4.92 million, bringing the total to over 143.5 million. These figures underscore the growing demand for TRX in the wider cryptocurrency market.

Coin98 Analytics also reported a notable rise in TRX burned during August, with a single-day burn of 34.67 million TRX on August 21. Over the month, TRON burned 420.8 million TRX and generated 157 million new TRX, reflecting active participation in the network.

Network Usage and Active Users

The TRON network saw over 231.7 million transactions in August and had a total of 254.8 million unique addresses. The platform averaged 2.1 million daily active users, surpassing several other blockchains, such as Solana, in user engagement.

Rising Staking Figures

TRON’s staking figures tripled from the previous month, reaching 47.11 billion TRX. The blockchain’s TVL remained consistently high, closing August at $8.18 billion, with a peak of $8.75 billion on August 26. 

Sectors such as Lending, CDP, and DEX contributed heavily to the platform’s TVL, with JustLend leading the pack at $5.76 billion.

Stablecoin Market Leadership

Coin98 Analytics also noted that USDT continues to dominate TRON’s stablecoin market, making up 99% of the stablecoin market cap, which reached $58.5 billion by the end of August. TRON ranks just behind Ethereum in USDT stablecoin volume, further solidifying its role in the stablecoin sector.

Tron Predictions

Recent analysis shows promising signs of a bullish trend for TRON. Its price has been steadily rising, and projections suggest it could soon reach $0.17. If this upward momentum continues, TRON might even hit a new high of $0.30.

As of now, the TRX price is at $0.1517, showing a slight drop of 0.8%, with a market cap of $13.24 billion.

Read Also: US Presidential Election Debate 2024: What Topics Will Take Center Stage?

You Might Also Like

Helium Price Defies Market Dip, Skyrockets 10%, Here’s Why?

Striking Warning from the Famous Analyst: The End of the Bull Season is Nearing in the Cryptocurrency Market!

Is the Biggest Airdrop a Scam in Disguise?

Key Events to Watch, Upgrades, Unlocks & Regulations

Hong Kong To Launch New Stablecoin As Standard Chartered, Animoca Brands, HKT Join Hand

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article $3 Billion Worth of Bitcoin Mined in Russia in 2023
Next Article Terra (LUNA) Price is Surging! Will it Make it to $0.5 in the Next 24 Hours?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?