Highlights:
Expenses and revenues increased 12.1%
TRX market data achieved positive growth
Over 212 million transactions and 6.7 million new accounts created
The number of daily active users remains the leading
TVL increased by $600 million
Stablecoin market capitalization grows by $1.1 billion
1. Profit and Loss Statement
As of the end of July, TRON’s expenses and revenues grew by 12.1%, and profits remained above $20 million.
2. Market data
TRX trading volume increased by 24% month-on-month, and the number of holders increased by 4.3 million within the month, reaching a total of 138 million. TRX destruction continued to be higher than generation. In July, TRX generation was 157 million and destruction was 316 million.
3. Network usage
In July, TRON’s transactions exceeded 212 million, the number of new accounts reached 6.7 million, and the total number of accounts exceeded 247 million. In terms of the average number of daily active users, TRON leads other mainstream public chains with over 2.2 million.
4. Staking and Decentralization
The total TRX staked volume increased slightly from last month.
5、TVL
In July, TRON’s total staked value (TVL) maintained a steady growth, with a slight fluctuation at the beginning of the month. Lending protocols and CDPs are the two areas with the largest TVL in the TRON ecosystem. In addition, in July, TRON’s TVL increased by $600 million, a month-on-month increase of 7.79%.
Top protocols with the highest TVL in the TRON ecosystem:
Lending Protocol: JustLend DAO ($6.1 billion)
CDP: JustStable ($1.5 billion)
DEX: SUNSwap V1 ($310 million)
6. Stablecoins
The total market value of stablecoins on the Tron chain has maintained steady growth. As of the end of July, the total market value of stablecoins on the Tron chain reached $59.1 billion, an increase of $1.1 billion from June. Among them, the market value of the Tron version of USDT reached $58 billion at the end of July, ahead of Ethereum and BNBChain.
Report link: https://x.com/Coin%2098%20Analytics/status/1819203696301166812
