TRON ecosystem grows amid increasing DeFi activity

Jul. 31, 2023

By Liam 'Akiba' Wright

TRON's growth in Q2 reshapes landscape with increased daily active accounts, transactions, and launch of BitTorrent bridge and Stake 2.0.

The TRON (TRX) network exhibited considerable growth in Q2 in daily active accounts, new accounts, and transactions, as metrics increased by 14%, 13.4%, and 28.9%, respectively, according to a recent report by Messari.

Tron Q2 Growth.

This growth coincided with the launch of BitTorrent Bridge and Stake 2.0, among other developments, showing promising expansion of the network’s capabilities and user engagement.

This growth coincided with the launch of BitTorrent Bridge and Stake 2.0, among other developments, showing promising expansion of the network’s capabilities and user engagement.

Interestingly, the revenue growth led to a significant amount of TRX being burned, supporting the token’s value in an otherwise flat-to-down market. TRX outperformed most Layer 1 tokens during the quarter, with its market cap swelling by 14.7% compared to the average 23% decline of other major L1 tokens.

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