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- TRON DAO sees significant growth with 78% of USDT transactions and 7 million daily transfers in 2024.
- TRON partners with Mobilum for a crypto payment card compatible with Google Pay and Apple Pay.
In a tweet, IntoTheBlock revealed that USDT has been breaking records all year, with over 18 million weekly transactions on EVM chains. Surprisingly, 78% of these transactions take place on the TRON DAO, cementing its position as the preferred transfer platform.
TRON DAO: Remarkable Network Growth and USDT Milestones in 2024
Furthermore, TRON DAO has experienced considerable network growth in 2024, with average daily transactions approaching 7 million.
In 2024, the TRON-based USDT supply expanded by $11 billion, making TRON the first blockchain with a single stablecoin worth more than $60 billion. As of July 2024, the network’s total transfer volume had topped $13 trillion, with a total of 245 million accounts.
In 2024, the TRON-based $USDT supply increased by $11B, making TRON the first blockchain to have a single stablecoin valued at over $60B.As of July 2024, the network's total transfer volume has surpassed $13T, with the total number of accounts reaching 245M.@UhryniakDave does… pic.twitter.com/hz40hSLSyt— OurNetwork 🔎 (@ournetwork__) July 25, 2024
Previously, CNF has revealed that TRON has teamed with Mobilum to launch a cryptocurrency payment card. The Mobilum Card will work with Google Pay and Apple Pay and accept any cryptocurrency that the TRON network supports.
Mobilum further announced that consumers could use this cryptocurrency payment card wherever Visa and Mastercard are accepted. This agreement is a key step toward making cryptocurrencies more accessible and usable in regular transactions.
On the other hand, as we previously report, Justin Sun, the founder of TRON, has been vociferous about asking Chinese authorities to “learn from the US” and soften their position on cryptocurrency. He believes that a more favorable regulatory framework would encourage innovation and growth in the cryptocurrency market.
Similarly, a professor from Hong Kong’s University of Science and Technology says that rather than outlawing domestic crypto mining enterprises, Chinese authorities should invest in them.
This viewpoint emphasizes the potential benefits of incorporating cryptocurrency into the larger financial system rather than enforcing restrictions.
Meanwhile, despite the blooded crypto market, TRX, the network’s native cryptocurrency, has risen 1.83% to $0.1264 over the last 24 hours, with a daily trading volume of $295.55 million.