The number of wallet addresses holding Tron's TRX token for the long term has surged over the past 12 months, according to data from blockchain analytics firm IntoTheBlock.

A report from the market analytics platform revealed that the Tron network now has nearly 90 million long-term wallet addresses, up 237% year-on-year.

Strong Rise of TRX Long-Term Investors

According to IntoTheBlock, the significant increase in the number of wallet addresses holding TRX for the long term reflects strong confidence in the growth potential of the Tron network, as more and more investors choose to hold TRX for the long term.

This surge in wallet addresses is also a sign of strong growth and high activity on the Tron network. In recent weeks, TRX has been among the best performing crypto assets on the market. TRX’s 30% increase in the last two weeks of August has propelled it into the top 10 cryptocurrencies by market capitalization, surpassing $14.5 billion.

Although TRX's market capitalization has dropped to $13.3 billion at press time, it still holds the 11th position, surpassing both Cardano (ADA) and Avalanche (AVAX).

Tron's strong price increase in August was profitable for all investors holding TRX. At the time, TRX was trading at $0.1513. However, a slight correction has reduced the percentage of profitable investors to 95%, while 2% of investors are now in the red and the remaining 3% are at break-even.

Strong performance of stablecoins and networks

In addition to the impressive price increase of TRX and the increase in the number of long-term wallets, the Tron ecosystem has also recorded impressive trading volume and revenue in recent months.

In April, IntoTheBlock noted that Tether (USDT) weekly trading volume on Tron was double that of the Ethereum network. In June, blockchain analytics platform Lookonchain found that USDT 24-hour trading volume on Tron reached $53 billion, surpassing Visa’s average daily trading volume, which stood at $42 billion in the first quarter of the year.

Last month, data from Token Terminal showed that Tron surpassed Ethereum in terms of revenue. In the 90 days ending August 15, Tron earned about $435 million in transaction fees, while Ethereum only made $364 million.

Additionally, Tron's new meme coin creation platform, SunPump, has attracted significant attention in less than a month of its launch, with over 50,000 tokens created through the platform.

Source: https://tapchibitcoin.io/so-luong-dia-chi-nam-giu-tron-trx-dai-han-da-tang-vot-237-trong-nam-qua.html