Tron in 2024: Key Achievements and Future Plans
With Tron remaining a core aspect of blockchain and crypto ecosystems, it is crucial to revisit its achievements over the past year and prepare for what is to come.
TRON is a platform that aims for decentralizing the Internet through blockchain technology and decentralized apps (dApps). Created in 2017 by H.E. Justin Sun, TRON remains a vital part of the DEX market and one of the leading platforms for developing dApps. What sets TRON apart from other projects in the field of DeFi is that it does not rely on its native currency, TRX, to facilitate transactions. The main resource for transactions are bandwidth points, which are purchasable through TRX.
Currently, TRON keeps pushing the stakes higher, demonstrating the record-breaking income from user transactions. Monthly fee income of the TRON users reached an all-time high on December 18, 2024. As of November 2024, the TRON platform has demonstrated an astounding revenue volume of $240 million in fee income, with the overall number of monthly users exceeding 15 million. Currently, TRON outpaces the competitors in the blockchain industry with its efficiency, special focus on stablecoin trading, and rapid development. Overall, TRON remains the mechanism that additionally stimulates the soaring growth of Bitcoin.
TRON’s achievements have to be highlighted, as the platform’s growth may supersede a boom in stablecoin trading. Based on the recent news about the US government’s willingness to legalize crypto assets in the country, Bitcoin, Ethereum and stablecoins like Tether, can play a vital role in the economic performance. Since TRON has the carte blanche for keeping the USDT — probably one of the most valid stablecoins in terms of liquidity and ROI — TRON’s development will mark the progress of the whole industry. What serves as a hallmark for the increase of stablecoins’ importance will facilitate an increment in financial capital, as TRON’s scalability will certainly bring new trends to the cryptocurrency market.
Key Takeaways
TRON reached new milestones with $240 million in monthly revenue and over 15 million active users as of November 2024, securing its position as a leading blockchain in terms of Total Value Locked (TVL) and stablecoin trading.
Collaborations with Oraichain and Curve Finance have enhanced TRON’s AI integration, decentralization, and DeFi ecosystem, while initiatives like SunPump attracted new users with memecoin trading.
TRON offers different assets, including stablecoins, NFTs, and memecoins. Its scalability and transaction speed (up to 2,000 transactions per second) make it a vital platform for crypto trading and development.
NOW Wallet enables TRX staking, providing users with a seamless way to earn passive income while managing over 1,500 assets, including EVM-compatible custom tokens.
Tron’s Key Achievements in 2024
Just recently, it has been reported that TRON has reached a new record in user activity and monthly revenue. Not only the $240 million revenue in November was a remarkable achievement, but the active users amounting to more than 15 million was an unprecedented success.
TRON has been showing impressive results when it comes to crypto assets and the blockchain ecosystem throughout the entire year and remains the third largest blockchain by Total Value Locked in December 2024. Let us look back at 2024 and outline the blockchain’s major milestones and developments.
In Q1 of 2024, TRON experienced tangible growth in the key metrics, such as market capitalization (+15%), stablecoin market capitalization (+8%), earnings in USD (+7%), DeFi Total Value Locked (TVL) in US$ (+25%), and the average DEX volume (+142%).
In the second quarter of 2024, 53% of USDT circulated through TRON. The overall volume of USDT kept on the TRON blockchain amounted to more than $59 billion. What is more, the trend is continuous, showing that USDT assets on TRON will likely continue to expand in terms of volume in the recent months. It is clearly visible that a strong bullish tendency accompanies all of the most popular stablecoins on TRON. This is possible due to two factors: Bitcoin growth accompanied by the positive news for crypto from the USA and TRON’s fascinating financial performance that fuels the demand for stablecoins.
TRON partnerships add to the current success of the blockchain. AI integration and decentralization initiatives enhanced the platform’s stability, bringing more revenue to the blockchain and attracting new customers. TRON cooperated with the platform Oraichain; the partnership aimed at enhancing AI tool utilization in the crypto industry. This joint venture allowed TRON to enhance its own offerings, diversifying the listing options. Another huge milestone is the project with Curve Finance to increase the liability and safety of TRON’s DeFi ecosystem. This has brought a significant degree of transparency, allowing TRON users to benefit from the advanced mechanisms of risk management, transparent and well-organized payment systems, etc. What is more, TRON developed its own powerful initiatives, like SunPump, to facilitate memecoin trading and attract more customers. Forming successful partnerships with Oraichain and CurveFinance and launching its own products helped TRON stay at the top of the cryptocurrency market trends.
Tron’s Ecosystem and Token Diversity
The TRON ecosystem features a variety of dApps and tokens. Users may find stablecoins, NFTs, memecoins, and create and purchase many other TRC-20 tokens through TRON. Overall, TRON offers more than 40,000 crypto assets to choose from. Stablecoins are perfect for traders willing to keep liquidity high and suffer less from risks connected with volatility and unexpected market turns. NFTs have been the soaring trend of 2020-2021 and are now on the second rise through the introduction of personal branding, with many celebrities launching their own graphical assets through NFT. Stakeholders who prefer unique graphical tokens can purchase various NFTs on TRON. Memecoins can be found on TRON’s exclusive platform, SunPump. These assets are mostly released for the purpose of entertainment, yet they can serve as nice, though risky, short-term investments. TRON’s scalability and product versatility allow the users to choose from multiple options of cryptocurrency trading.
Some of the popular NFTs listed on TRON include Avatarra, Baked Bulls NFT, BLOCKLORDS, Bored Ape Tron Club, CryptoCubes, and many others. There are the tokens used in DeFi gaming also listed on TRON. Some of the games and connected tokens include TRON Bull Lite, BCN Garden, Blockchain Cuties, etc. The TRON blockchain offers multiple choices when the stakeholder wants to invest time into gaming for crypto assets, purchasing an NFT, or simply buying a standard token like stablecoin. DeFi possibilities only start to unravel on TRON in the fullest potential, as the system has recently started to invest additional funds into upscaling hosted DeFi projects.
TRON’s tokenomics model is an important part of its efficiency. The total supply of TRX is 100 billion. More than 15 billion tokens were distributed to the investors; the TRON Foundation got 34 billion, and ICO investors got 40 billion. The rest was distributed between the companies of TRON’s CEO and his partners. TRON tokenization works the following way: the platform creates a block in the interval of 3 seconds. Those who have created the block get 32 TRX in reward, and then the block is split into nodes. Each node costs around 16 TRX in value. This mechanism allows the TRON blockchain to generate relatively high pools of tokens and keep the high speed of transactions. TRON has an outstanding speed of transactions, the blockchain being able to process up to 2000 transactions per second. NOW Wallet supports TRON to make stakeholder trading simple and pleasant.
Staking Tron Inside NOW Wallet
NOW Wallet allows users to stake TRON in order to get passive income. NOW Wallet is a multifunctional app that allows users to do operations with various cryptocurrency assets, including TRX tokens. Here is how users start staking TRX on NOW and how to make this process easier:
- Visit the official website or download the app of NOW Wallet.
- Once done, choose the TRX token or purchase Tron if you don't have any yet.
- Choose the resource you want to freeze. Then, specify the amount of TRX tokens you would like to use for staking.
- Launch the staking process and regularly check on the rewards!
More info about staking TRON and other coins here.
NOW Wallet’s Support for Tron and EVM-Compatible Blockchains
EVM compatibility and TRON blockchain integration allow NOW users to add custom tokens. Even if the token users like to purchase is not present in the asset pool, users can follow these simple steps to solve the problem:
To add a token, users have to enter its address. After the process is complete, they can simply add the token to the pool and start the operations with it. Read detailed article upon this process here: How to Add Any Token in NOW Wallet. Using NOW Wallet, users can manage more than 1,500 assets.
