Tron Price Beats XRP, Ethereum, Cardano As On-chain Metrics Boom

Tron has retreated to $0.125 on Monday, down by

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almost 5% from its highest level last week, bringing its market cap to $10.3 billion.While Tron has fallen recently, it has outperformed other cryptocurrencies. Bitcoin and Ethereum have entered a bear market by dropping by over 20% from their highest levels in June. Tron’s performance is likely due to its stronger on-chain metrics compared to other blockchains. Data compiled by DeFi Llama shows that the network has over 1.83 million addresses. Tron’s active addresses are higher than Bitcoin and Ethereum combined. They are also significantly higher than other popular blockchains like Polygon, Solana, and Binance Chain. Further data shows that Tron has become the second largest blockchain in the industry, with over $7.3 billion in total assets. Ethereum has $55 billion, while Solana has over $5.46 billion.Most importantly, Tron has become the biggest players in the stablecoin market. Data by TronScan shows that the network handled Tether stablecoins worth over $42 billion in the past 24 hours. This amount is comparable to what popular payment networks like Visa and Mastercard handle daily.#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown