Cardano

TRON

Avalanche

<div class="finbold">
 <p class="paragraph">As the majority of assets in the cryptocurrency industry are making bullish advances, led by its representative, Bitcoin (BTC), which itself is threatening to break the massively important price threshold at $60,000, TRON (TRX) is making a record of its own – in the number of addresses holding it.</p>
 <p class="paragraph">Specifically, there are currently 95.83 million crypto wallets holding any amount of TRON, making it an all-time high (ATH) for the network, according to the blockchain data shared by the decentralized finance (DeFi) market intelligence platform <em>IntoTheBlock</em> in an X post published on February 28.</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="332" src="https://cdn.thebittimes.com/images/2024/02/28/4715fe387bdec524d5ebe55644548ac7.webp" alt class="wp-image-157680" srcset="https://cdn.thebittimes.com/images/2024/02/28/4715fe387bdec524d5ebe55644548ac7.webp 900w, https://cdn.thebittimes.com/images/2024/02/28/4715fe387bdec524d5ebe55644548ac7.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/4715fe387bdec524d5ebe55644548ac7.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>TRON total addresses with balance. Source: </em><em>IntoTheBlock</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-cardano-and-avalanche-vs-tron">Cardano and Avalanche vs. TRON</h2>
 <p class="paragraph">By comparison, other layer 1 <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a>s, including Cardano (ADA) and Avalanche (AVAX), have fewer than 10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a>, and the analytics platform’s team observed that TRON’s “consistent growth in <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> highlights the growth TRON DAO is fostering.”</p>
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 <p class="paragraph">Indeed, according to the latest available information, there were about 4.46 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> crypto wallets holding Cardano, whereas the Avalanche ecosystem counted 6.96 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> holders as of February 12, 2024, amounting to a little over 11.4 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> when combined and well below TRON’s figures.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="838" height="491" src="https://cdn.thebittimes.com/images/2024/02/28/b5a1b022c872267b818c9a1d2c62e221.webp" alt class="wp-image-157677" srcset="https://cdn.thebittimes.com/images/2024/02/28/b5a1b022c872267b818c9a1d2c62e221.webp 838w, https://cdn.thebittimes.com/images/2024/02/28/b5a1b022c872267b818c9a1d2c62e221.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/b5a1b022c872267b818c9a1d2c62e221.webp 768w" sizes="(max-width: 838px) 100vw, 838px">
  <figcaption class="wp-element-caption"><em>Cardano total addresses with balance. Source: </em><em>IntoTheBlock</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-tron-price-analysis">TRON price analysis</h2>
 <p class="paragraph">Meanwhile, TRON’s native token was at press time changing hands at the price of $0.1437, an increase of 1.42% in the last 24 hours, adding up to the 3.28% gain across the past seven days and a more significant advance of 27.48% on its monthly chart, in addition to rallying 106.72% in the last year.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/28/d8146f5fc2d8c79c100b34d837673e17.webp" alt class="wp-image-157681" srcset="https://cdn.thebittimes.com/images/2024/02/28/d8146f5fc2d8c79c100b34d837673e17.webp 1200w, https://cdn.thebittimes.com/images/2024/02/28/d8146f5fc2d8c79c100b34d837673e17.webp 300w, https://cdn.thebittimes.com/images/2024/02/28/d8146f5fc2d8c79c100b34d837673e17.webp 1024w, https://cdn.thebittimes.com/images/2024/02/28/d8146f5fc2d8c79c100b34d837673e17.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>TRON 12-month price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Interestingly, these results are arriving after Circle announced it was removing the support for its USD Coin (USDC) on the TRON platform as part of its “risk management framework,” raising concerns regarding the future performance of TRX. However, the concerns now seem misplaced.</p>
 <p class="paragraph">All things considered, TRON is witnessing consistent growth in both its community and price, which has neared its levels from April 2021, although it still has room to reach its ATH of $0.23 from January 2018. That said, doing one’s own research before investing in any asset is critical.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tron-network-skyrockets-to-100-million-addresses-dwarfing-cardano-and-avalanche-tbt81066.html">https://thebittimes.com/tron-network-skyrockets-to-100-million-addresses-dwarfing-cardano-and-avalanche-tbt81066.html</a></p>

TRON network skyrockets to 100 million addresses, dwarfing Cardano and Avalanche

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