Big Things Ahead For TRON<\/strong><\/h3>\nTRON is now one of the biggest cryptos by market cap, now valued at $13.5 billion. Holders and users can expect sustained growth for the network, thanks to increasing revenue, partly driven by the launching of a new meme coin fair and platform. Also, the network\u2019s token-burning policy currently outpaces minting, thus boosting the potential value of the token.<\/p>\n
Finally, stats from Dune suggest that over 90,000 meme coins have been launched through TRON\u2019s network using SunPump. August 20th was the most active day, with over 7,500 coins released, highlighting the meme coins\u2019 platform role in sustaining TRON.<\/p>\n
Featured image from IQ.wiki, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"TRON, with its native token TRX, has been on a tear in the last few months, with its impressive market cap growth. Based on Messari\u2019s tracking for Q3 2024, TRX\u2019s market capitalization increased by 24%, from nearly $11 billion to $13.5 billion. This marks the seventh consecutive quarter in which the token has increased its circulating market cap, pushing the company into the Top 10 biggest cryptos by market cap. Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst TRX\u2019s price surge also extended to TRX\/BTC pairing, which also notched a 25% increase. The token sits below XRP and Dogecoin in the list of top cryptos by market cap. It is powered primarily by USDT transactions and is launching on SunPump, the first \u2018meme fair and online platform\u2019. TRON Gets A Boost From SunPump The TRON network saw a massive increase in transaction volume in the third quarter thanks to the launching of SunPump. According to reports, TRX transactions increased 29% this third quarter to $151 million. In August alone, over 270 million TRX valued at $42 million was burned on SunPump. It\u2019s considered the largest single-day burn for TRON. As a deflationary token, TRX is burned every time it\u2019s used in a transaction to prop up its value. TRON Supply Dips In Q3 TRON sets a fixed supply of 100 billion coins to protect its value and prevent inflation. TRX\u2019s market supply dipped from 87.20 billion in the third quarter to 86.62 billion. The network\u2019s burning schedule, which outpaces the minting of new tokens, supports this. In short, TRX\u2019s annualized inflation rate hit -2.7% compared to -2.4% from the previous quarter. TRON strives to find a balance between burning and printing new tokens. The network aims to decrease the token\u2019s circulating supply, which can benefit holders and investors. Also, the yield in staking TRX has increased 13% quarter-on-quarter, which attracts more users and investors. Related Reading: Analysts On Bitcoin: 2024 US Election Could Steer The Crypto\u2019s Future Big Things Ahead For TRON TRON is now one of the biggest cryptos by market cap, now valued at $13.5 billion. Holders and users can expect sustained growth for the network, thanks to increasing revenue, partly driven by the launching of a new meme coin fair and platform. Also, the network\u2019s token-burning policy currently outpaces minting, thus boosting the potential value of the token. Finally, stats from Dune suggest that over 90,000 meme coins have been launched through TRON\u2019s network using SunPump. August 20th was the most active day, with over 7,500 coins released, highlighting the meme coins\u2019 platform role in sustaining TRON. Featured image from IQ.wiki, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,92948,11808,11993],"class_list":["post-648896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-sunpump","tag-tron","tag-trx"],"acf":[],"yoast_head":"\n
TRON Market Cap Hits $14 Billion On Strong Revenue Growth<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n