Tron, a platform for deploying smart contracts and running decentralized applications (dapps), is rapidly growing its daily active addresses (DAA). According to Token Terminal, Tron has over 1.9 million DAA, more than twice those in the BNB Chain, which stood at 915,000. Ethereum and Polygon had 320,000 and 301,000 respectively, trailing Bitcoin, which had 570,000 DAA. It is estimated that Tron is creating 200,000 new addresses daily, with 188 million unique accounts generating 6.5 billion transactions. This spike in DAA could be due to Tron’s role in stablecoin transactions, with $45 billion of all stablecoins held in Tron, and 50% of all USDT transactions on Tron.
Despite the surge in Tron’s DAA, legacy networks like Bitcoin and Ethereum are still preferred blockchains. Bitcoin, due to its first-mover advantage, has found adoption and is listed in most exchanges, enabling the daily transfer of millions of dollars. Ethereum, on the other hand, has smart contracts capability, and CryptoFees show that Ethereum generated over $2 million in fees, more than twice in Bitcoin.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Token Terminal, DeFiLlama, Alex Wacy |
| Companies | DeFiLlama, Alex Wacy, TradingView, NEAR Protocol, Ethereum, Token Terminal, DeFi, Bitcoin, Tron, TRC-20, BNB Chain, CryptoFees, Canva |
| Currencies | TRON, BNB, NEAR Protocol, Ethereum, Bitcoin, Tether |
| Securities | None |
