Last year was an incredible year for Tron, strengthening its position in the blockchain industry. The network has leveraged key market trends throughout 2024 to attract new users and increase on-chain activity. The latest report from Cointelegraph Research examines current state and provides a detailed analysis of Tron’s progress, highlighting network performance, strategic partnerships and ecosystem expansion.
Despite 2024 being a challenging year for the Altcoin market, Tron (TRX) showed significantly stronger price performance than Bitcoin (BTC), Ether (ETH), and other major Altcoin. It outperformed BTC by almost 27% and 50% over the wider Altcoin market. TRX set a new all-time high of $0.426, reaching a market capitalization of $9.54 billion at its peak.
Stablecoin Growth promotes Tron’s network activity
Tron’s Stablecoins saw an increase in activity in 2024. The supply increased by 27%, driven primarily by extensive USDT (USDT) issuance.
Tron remains the main blockchain using USDT. USDT dominates with Tron, making up almost 98% of the Stablecoin supply. Currently, its use contributes approximately 30% of all transactions on the network. Nearly 47% of the total USDT supply exists in Ethereum and only 43% in Tron, but the latter leads the transfer of USDT and drives 61% of all transactions across the blockchain.
Memecoin Craze burns Tron adoption
The launch of Sunpump was a crucial moment for the Tron ecosystem. Sunpump quickly attracted great attention from the community. This success was driven by active support for Tron’s ecosystem. This includes the $10 million Meme Ecosystem Incentive program. The Memecoins trend at Tron has led to over 94,000 new tokens being launched.
Sunpump, along with Pump.fun and Moonshot, established itself as one of the most successful and most successful fair launch platforms. Shortly after its debut, it seduced a significant portion of Pump.fun’s audience, due to the rise of high-market cap memoirs at Tron and the rapid adoption of Tron-supported trading tools such as Telegram Bots. At that peak, Sunpump repeated the number of tokens that created Pump.fun in one day.
Key Points and Plans for 2025
In 2024, Tron performed strong both economically and on-chain.
This year, Tron has always been ranked among the major public tier 1 blockchains by its active address and number of transactions. He chased only Solana with his daily active address, recording a 20% increase from the previous year.
Additionally, Tron has set a new record, exceeding $2 billion in annual revenue. The launch of Sunpump has caused a massive surge in revenue, but Stablecoin’s transfer remains a key reason for its high activity at Tron.
Tron has made significant advances in preventing illegal activities involving USDT. Since its establishment in August, the T3 Financial Crimes Unit has frozen or seized USD 126 million from malicious actors.
The future of Tron’s development points to the continued expansion into the Bitcoin ecosystem and the integration of artificial intelligence. Justin Sun has recently hinted at the development of AI-related services at Tron, which may have been linked to the growing popularity of AI agents. Further improvements to stability and ease of use, including token-independent gas payments, are also expected to be released this year.
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