TRON Leads in Daily Active Addresses

by Eve Adams

2 years ago

Researchers from IntoTheBlock have presented an infographic showing blockchains with the highest number of daily active addresses. According to their data, the leader is TRON (TRX), which has 2.26 million unique wallets.

This figure significantly surpasses the results of Bitcoin (BTC) and Ethereum (ETH), which have 564.25 thousand and 501.63 thousand active addresses respectively. Litecoin (LTC) took fourth place with 357.26 thousand active addresses, while Dogecoin (DOGE) is in fifth place with 56.98 thousand. Daily active addresses are an important indicator reflecting the liquidity, attractiveness of the blockchain network for developers, and its viability.

The number of active addresses indicates stable growth and popularity of the ecosystem among users. High figures contribute to increased asset liquidity and stimulate the creation of new projects on the platform. TRON, aimed at creating a global digital content system using distributed ledger technology (DLT), continues to confidently hold leading positions in the market thanks to its power and demand.

TRON (TRX) is a platform for creating and deploying decentralized applications (DApps). The network also supports smart contracts, which allow for automated and secure transactions. TRON features high transaction speeds and low fees, making it attractive to users and developers. The blockchain was launched by Justin Sun in 2017 and has been actively developing since then, attracting an increasing number of users and startups.

As of May 31, 2024, the price of the cryptocurrency TRX is $0.11. Over the past 30 days, this figure has decreased by 4.6%. The market capitalization of the virtual currency is $9.78 billion.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Hashi's Guardian Layer Enhances Security for Bitcoin Lending

Hashi's testnet incorporates a Guardian Layer designed to add security checkpoints around Bitcoin-backed activities, utilizing a 2-of-2 multisig requirement and MPC threshold signatures.

Jesper Sørensenan hour ago

Hashi Launches Testnet for Bitcoin-Backed Lending on Sui

Hashi has launched a testnet on Sui for Bitcoin-backed lending, enabling developers to utilize BTC collateral and a Guardian Layer security model.

Satoshi Nakamuraan hour ago

Coinbase Introduces Native Staking Support for Sui

Coinbase has launched native staking support for Sui, allowing eligible users to earn SUI rewards directly through the exchange.

Rajesh Kumaran hour ago

Sui Introduces Gas-Free Stablecoin Transfers to Enhance User Experience

Sui has launched a new model that allows users to transfer stablecoins without the need to hold native SUI for gas fees, improving the user experience.