TRON 2024 news: records, innovation and ecosystem growth
Record transaction volumes and user growth
In October 2024, the TRON network processed 230 million daily transactions, or about 7.4 million. Peak activity was recorded on October 24, when transactions reached 10.46 million daily. The total number of accounts on the network has surpassed 263 million, with about 237,000 new accounts created daily.
According to Symbiosis, the volume of transactions on the TRON network increased by an impressive 1928% in 2024. The number of active addresses on the TRON network has increased 52% since the beginning of 2024, reaching 2.42 million, up from 1.59 million as of January 1.
In the second quarter of 2024, the average monthly number of active TRON users was 13.5 million, significantly higher than Layer 2 networks such as Arbitrum (6.5 million) and Base (4.3 million). TRON also processed approximately 569 million transactions during this period, surpassing the combined result of Arbitrum and Base, which processed 450 million transactions together.
This growth is driven by lower transaction costs and improved platform functionality, making it more attractive to users.
TRON ecosystem growth and innovation
The TRON ecosystem is becoming one of the most attractive platforms in the Web3 sphere. This process is supported by a strategic focus on key areas such as decentralized finance (DeFi), blockchain gaming, NFT, and stablecoins.
TRON is actively developing decentralized finance (DeFi) and blockchain gaming projects. One such project is FlashDEX, a decentralized exchange allowing users to transact cryptocurrency using smart contracts. JustLend, a leading cryptocurrency lending and borrowing platform on the TRON network, is widely recognized. It has attracted thousands of users due to its convenience and stable profitability.
Another significant project is Sun Network, a sidechain designed to improve the performance of the core TRON network, providing additional scalability and faster application speeds.
New gaming projects that use NFTs and tokens are emerging in the TRON ecosystem. For example, WINkLink is a project that combines decentralized betting and blockchain gaming.
The network is also actively developing platforms for creating and trading NFTs. APENFT Marketplace is a prime example of such an application, allowing users to buy, sell, and develop NFTs quickly.
TRON holds over 50% of the total USDT stablecoin supply, over $60 billion. In the last month, the volume of stablecoin transactions on this blockchain reached $453.8 billion, totaling 68.78 million transactions, an increase of 10.91% compared to the previous month.
Collaboration to fight financial crime
In September 2024, TRON, Tether, and TRM Labs joined forces to create the T3 Financial Crime Unit (T3 FCU). This initiative aims to combat financial crime, including money laundering, fraud, and other illegal activities related to using USDT on the TRON blockchain.
3 FCU is strengthening the interaction between private companies and government entities to identify suspicious transactions and prevent illegal activities more effectively. TRON provides a blockchain infrastructure that enables high transaction speeds and low fees. Tether, as an issuer of USDT, plays a key role in monitoring the movement of stablecoin. TRM Labs, in turn, uses its analytical tools to track suspicious transactions.
Since its launch, T3 FCU has already seen tangible results: more than $12 million in USDT linked to criminal schemes has been frozen. This underscores the approach's effectiveness and the need for such initiatives in the industry. TRON and its partners show that the private sector can lead in improving the cryptocurrency ecosystem's transparency and security.
Creating the T3 FCU is also essential for the entire cryptocurrency market. It demonstrates that companies are willing to develop their ecosystems and protect them by actively countering illegal transactions.
TRON (TRX) price forecasts
TRON (TRX) value forecasts for the coming years look very optimistic. By the end of 2024, the value of TRX is expected to reach $0.1792. This growth is mainly due to the increased number of transactions on the network, the popularity of decentralized applications (dApps), especially in the DeFi sphere, and TRON's strengthening position in the market for stablecoins such as USDT. Recent partnerships, such as an initiative with TRM Labs and Tether to fight financial crime, add confidence to the ecosystem's robustness.
By 2025, analysts forecast a further increase in value to $0.2881. For the long term, by 2030, TRX could trade in the range of $1.52 to $1.90. Reasons for this prediction include the general global adaptation of cryptocurrencies and the democratization of their regulation, which increases interest in platforms like TRON.
However, it is also essential to consider possible risks: regulatory pressure from governments, increasing competition with blockchains like Ethereum and Solana, and the possibility of technical problems in the network. These factors may affect the dynamics of TRX value.