Tron Dominates Layer 1 Blockchains in Daily Active Users

IntoTheBlock analysis shows Tron leading Layer 1 blockchains with over 2 million daily active addresses. This metric underscores the vibrancy of Tron’s community, marking a significant milestone for the blockchain platform since its launch in June 2018.

Positioned as an innovative smart contract platform for dApps, Tron competes with major players like Ethereum, Tezos, Cardano, and EOS. While utilizing a delegated proof-of-stake (DPoS) system for security, Tron prioritizes speed and efficiency, potentially at the cost of some decentralization. Its native protocol token, TRX, serves as the backbone of the ecosystem, facilitating payments, miner rewards, and governance.

Moreover, TRON’s strategic collaborations further strengthen its position within the cryptocurrency space. A recent partnership with key ecosystem members, including DLive and APENFT, culminated in the launch of the Streamer Academy. This initiative is to promote content creators leverage TRON Network capabilities, offering them unparalleled support and resources.

TRON’s current market performance reflects a positive trajectory. TRX is priced at $0.115184, with a 24-hour trading volume of $251.939 million. The platform’s market capitalization exceeds $10 billion, with 87.341 billion TRX coins in circulation. This upward trend signals growing investor confidence and market interest in TRON’s developments and partnerships.