Tron in 2024: Key Achievements and Future Plans
Explore TRON ecosystem with our new article!
As TRON continues to be a key player in the blockchain and cryptocurrency sectors, it’s essential to reflect on its accomplishments in the past year and consider what’s to come.
Founded in 2017 by Justin Sun, TRON is a blockchain-based platform designed to decentralize the internet through blockchain technology and decentralized applications (dApps).
TRON has been pushing boundaries with impressive transaction-based income. On December 18, 2024, the platform reached a milestone, generating $240 million in monthly fee revenue, with over 15 million active users. TRON is outperforming many blockchain competitors, with a particular focus on stablecoin trading and rapid development, playing a crucial role in Bitcoin’s growth and maintaining a strong market presence.
With Bitcoin, Ethereum, and stablecoins like Tether becoming increasingly important in the US economy, TRON’s capacity to handle USDT — a leading stablecoin in terms of liquidity and ROI — solidifies its position as a major player in the shifting market. The platform’s expansion is expected to impact the industry, drive further growth, and introduce new trends in the crypto space.
TRON’s Major Milestones in 2024
In 2024, TRON achieved outstanding results, including a record-breaking $240 million in monthly revenue and surpassing 15 million active users. By December 2024, it became the third-largest blockchain by Total Value Locked (TVL).
In Q1 2024, TRON experienced significant growth across multiple areas: market capitalization (+15%), stablecoin market capitalization (+8%), earnings (+7%), DeFi TVL (+25%), and DEX volume (+142%).
In Q2 2024, TRON processed 53% of USDT circulation, with over $59 billion in USDT volume on its blockchain. This trend is expected to continue as TRON’s financial performance sustains the demand for stablecoins.
TRON’s growth is fueled by strategic collaborations. Notable partnerships, such as with Oraichain to enhance AI integration in crypto and with Curve Finance to expand its DeFi ecosystem, have boosted its stability and user base. Furthermore, initiatives like SunPump for memecoin trading have helped maintain TRON’s leading position in the cryptocurrency space.
TRON’s Ecosystem and Token Variety
TRON’s ecosystem boasts a diverse range of dApps and tokens. Users can trade stablecoins, NFTs, and memecoins, and create or buy custom TRC-20 tokens. TRON offers extensive options for traders. NFTs, in particular, are gaining popularity, with many celebrities releasing their own collections, and DeFi gaming tokens are also featured on the platform.
Some notable NFTs on TRON include Avatarra, Baked Bulls NFT, and Bored Ape Tron Club. The blockchain also supports DeFi gaming projects like TRON Bull Lite. TRON’s scalability and product diversity offer numerous opportunities for both casual and serious investors.
TRON’s tokenomics model is central to its efficiency. With a total supply of 100 billion TRX tokens, the distribution ensures high transaction speeds and liquidity pools. TRON’s blockchain can handle up to 2,000 transactions per second, making it one of the fastest blockchains. NOW Wallet supports TRON, providing users with an easy way to trade and manage their assets.
Staking TRON in NOW Wallet
NOW Wallet enables users to stake TRON and earn passive income. The platform is user-friendly, allowing for easy management of TRX and other cryptocurrency assets. To stake TRX:
• Download the NOW Wallet app from the website.
• Select or purchase TRX if you don’t have any.
• Choose the resource to freeze and the amount of TRX to stake.
• Initiate the staking process and track your rewards regularly.
NOW Wallet’s Integration with TRON and EVM-Compatible Blockchains
NOW Wallet supports TRON and some EVM-compatible blockchains, allowing users to add custom tokens by entering their address. With support for over 1,500 assets, NOW Wallet simplifies asset management. If a token isn’t available in the asset pool, users can follow the instructions to add
