Tron Processes Nearly $100 Billion In Trading Volume Last Week, TRX Ready For New All-Time High?

Tron Processes Nearly $100 Billion In Trading Volume Last Week, TRX Ready For New All-Time High?
фото показано с : bitcoinist.com

2024-9-27 03:30

TRX, the native currency of the Tron network, is steady at press time and trending at around all-time highs. After the explosion in Q3 204, the uptrend remains, and buyers are confident that there will be more gains in the coming days.

Tron Settles Nearly $100 Billion In On-Chain Volume

The outlook is partly thanks to growing on-chain activity and shifts in crypto market sentiment after changes to monetary policy in the United States.

According to IntoTheBlock data, the Tron network settled nearly $100 billion in on-chain volume in the past week. The spike in on-chain volume, the blockchain analytic platform observes, is due to rising on-chain activity.  

With the blockchain processing over $98 billion in trading volume in seven days, IntoTheBlock data shows that Tether (USDT) transfers dominated. According to TronScan, Tron manages over $61 billion of USDT.

Notably, over 50% of all USDT transfers are initiated from Tron, which is relatively cheaper and more scalable than Ethereum. Even with the rise of Ethereum layer-2 solutions, USDT on Tron dominates and is preferred.

Combining IntoTheBlock data also reveals that TRX transfers are next, comprising 2.6% of all on-chain volume over the last week. Other TRC-20 tokens in the top five include SUN, BitTorrent, and JUST. These are tokens that prime some of the top DeFi protocols on Tron.

Meme Coin Activity To Drive TRX Higher?

Interestingly, though meme coin activity is picking up momentum after the launch of SunPump in mid-August, none of these meme coin tokens broke into the top five. On August 13, Justin Sun, the co-founder of Tron, launched SunPump, fueling a meme coin frenzy.

Dune Analytics data reveals that SunPump has generated over $5.3 million in revenue as over 86,400 meme coins have been launched through the meme coin launchpad. Currently, over 1,640 SunPump tokens have been listed on Sunswap.

Although the meme coin mania has fizzled, TRX and SunDog–a top meme coin released from SunPump–have benefited. As of September 26, SunDog is firm, up by over 720% from August 2024 lows, according to Coingecko.

From the chart, TRX is roughly 10% down from all-time highs. Despite the contraction over the past few trading weeks, the uptrend remains. A break above $0.15 and the bull flag, clear in the daily chart, could build the momentum for a leg up above August 2024 highs.

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Доступно / Всего 0 TRX

all-time tron trx 204 uptrend remains buyers

Источник: bitcoinist.com

all-time tron → Результатов: 28


Fezoo Exchange Presale Attracts Global Interest from Bitcoin SV & TRON Investors During Uncertain Times

Bitcoin SV is a high-risk play for intrepid investors banking on the Bitcoin halving, diverting investment flows across Bitcoin forks. However, it might not be the best play. TRON, on the other hand, might be a strong play for those hoping for another retest of its previous all-time highs, but its massive market cap severely […] The post Fezoo Exchange Presale Attracts Global Interest from Bitcoin SV & TRON Investors During Uncertain Times appeared first on CaptainAltcoin.

2024-4-27 18:15


Фото:

TRON burns over 12.62M TRX coins as fee revenue hits all-time high

Justin Sun’s altcoin maintained uptrends this week, with prices hitting a 2024 peak of $0.14048 on Feb 21. Meanwhile, two catalysts triggered the impressive price jump for TRON (TRX). The 12.62 million tokens burnet and the blockchain’s plans to integrate ecosystem tokens with the Bitcoin (BTC) network contributed to the upside stance. Factors driving TRON’s […]

2024-2-22 18:07


Why Bitcoin Bulls Might Be Ready To Breach $20,000 Into The Monthly Close

Stuck right below its 2017 all-time high, Bitcoin is moving sideways with low volatility over the past few days. The crypto market is preparing to close another monthly candle in the coming days. This event is set to move BTC and other cryptocurrencies, but in what direction? Related Reading: TRON Showing Hints Of A Major Rebound After A Week Of Rout At the time of writing, Bitcoin (BTC) trades at $19,000 with 0.

2022-9-27 21:28


Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions

On 26 March, 2019, the total number of transactions on the Tron blockchain hit an all-time high as it processed 4.27 million transactions in a period of 24 hours. Misha Lederman, a prominent member of the Tron community, tweeted, “#TRON processed 4,27 million transactions over the past 24 hours, setting a new record for the […] The post Tron [TRX] transactions reach 3x that of Ethereum’s [ETH] all-time high, crosses 4.27 million transactions appeared first on AMBCrypto.

2019-3-27 15:30


Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin’s stored value hits $1.03 trillion, up 85% since January

Bitcoin’s actual stored value has been estimated at $1. 03 trillion, far below its $2 trillion market cap, according to CryptoQuant CEO Ki Young Ju. Ju stated that this figure represents an 85% increase from the beginning of 2024, showcasing growing investor confidence in the crypto as a Store of Value.

MicroStrategy’s smallest Bitcoin acquisition in 8 weeks sees BTC drop to $92,000

Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.

Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT.