In terms of stablecoin supremacy, TRON remains dominant. Even in the second half of 2023, the stablecoin held its ground. According to a recent analysis by Reflexivity Research, stablecoin TVL reached a record-breaking high of 48 billion dollars. USDT accounts for 94% of this sum. According to Reflexivity’s tweet, TRON continues to rule the market.
The website even published a comprehensive study outlining TRON’s qualifications for doing so. Transactions inside the ecosystem are facilitated via TRX, the network’s native cryptocurrency. The average transaction cost is 0.000005, which is exceptionally cheap. The ability to produce blocks quickly makes TRON Network more appealing to developers and consumers.
The network’s DPoS consensus mechanism is primarily responsible for its easy scalability. This demonstrates its unwavering dedication to growth and adaptation. Returning to TRON’s market performance, the network received appreciation even from TRON DAO. To do this, TRON DAO’s official X/Twitter account sent out a tweet. The tweet restated the information provided by Reflexivity Research.
Holders of USDT have seen an incredible 130% rise, according to the tweet. In a same vein, TRON’s stablecoin TVL surged to a height of 48 billion dollars.
TRON has an airdrop scheduled for January 2024, thus the network does not plan to stop here. To reward the devotion of the cryptocurrency community, the TRON $TRX airdrop will give out free tokens. In addition to 1,500 tokens, the airdrop grants users full decision-making authority on TRON. A special page has been created by the network just for the airdrop. The event will take place in January 2024, though no formal date has been announced yet.
Given how busy it is, TRON is predicted to achieve even greater milestones in 2024.
