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- TRON burned over 11 million TRX, showcasing a strong commitment to deflation and value growth.
- TRON leads stablecoin transactions with a 97.62% market share, surpassing Ethereum and other blockchains.
On July 2nd, TRON made headlines by burning 11,531,634 TRX tokens. This important action shows the dedication of the network to deflation and value expansion. With a net negative production ratio of -6,465,123, TRON keeps its top position in the blockchain sector.
These kind of token burns are vital in lowering supply and maybe raising the value of the surviving tokens, thereby helping the ecosystem and the holders.
#TRON just burned 11,531,634 #TRX on July 2nd 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -6,465,123 🤯 pic.twitter.com/JH33HsNi7h
— TRON Community (@TronixTrx) July 3, 2024
Dominance in the Stablecoin Market
TRON is not only advancing with token burns. TRON DAO claims the network is driving the stablecoin market and changing world corporate operations. Orbital’s most recent statistics show TRON’s predominance in stablecoin transactions.
With an amazing 97.62% share, TRON greatly exceeds Ethereum (ETH) at 2.12%, Solana (SOL) at 0.21%, Binance Smart Chain (BNB) at 0.05%, and Polygon (MATIC) at 0.01%. This overwhelming majority emphasizes how well TRON handles stablecoin transactions.
Looking back at the end of June, CNF reported that TRON’s notable successes. The network’s daily active users came out to be very astounding—2.5 million.
This increase of active users shows strong acceptance and expansion in network activity. Such a large user base not only supports TRON’s technological ability but also highlights the confidence and participation of the community.
Advancements in Data Security with DePIN
Another important breakthrough that will help improve data security is TRON’s cooperation with BTFS. Integrating DePIN (Decentralized Physical Infrastructure Networks), TRON and BTFS are redefining data security and decentralization standards. Using the strengths of both networks, this integration guarantees that data stays strong and safe.
Meanwhile, TRX, the native token of TRON, is trading at roughly $0.1289 as of the most recent changes. Reflecting a good market attitude, the coin has seen a 0.58% rise over the last 24 hours. Furthermore, over the previous week, TRX has demonstrated a positive trend, increasing by 5.23%.