TRON’s on-chain volume surged to over 100 million in daily transactions, showcasing its growing activity and user engagement.
Solana’s market cap stands at over $66 billion, but analysts suggest the days of massive profits may be behind it.
TRON’s 24-hour revenue hit an all-time high of $3.84 million, driven by the launch of Sun Pump, boosting its appeal among traders.
TRON’s founder, Justin Sun, recently hinted at an epic year ahead for the blockchain, urging followers to “be early and stay focused.” His statement arrives amidst rising interest in TRON, a decentralized platform created to enable decentralized applications. The network’s growing prominence has led to discussions comparing it with Solana, another leading blockchain.
Be early and stay focused. The entire upcoming year will be epic. TO THE SUN 🌞 https://t.co/Rf7X4K5oZ6
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 22, 2024
TRON, powered by its native token TRX, has evolved into a notable player in the crypto world. It boasts the largest circulating supply of stablecoins globally, reaching $60 billion. The network has also experienced a surge in on-chain activity, with daily volume exceeding 100 million over the past two days. TRX is valued at a price of $0.1554, reflecting a 2.48% plummet over the last day.
This marks a sevenfold increase since the beginning of the year. Moreover, TRON’s fee generation hit $443 million in the last 90 days, second only to Tether, a feat highlighting its expanding user base and network activity.
TRON’s rise has drawn comparisons to Solana, another blockchain known for its high performance and active developer community. Solana’s price currently stands at $143.17, with a market cap of over $66 billion.
Solana has also created thousands of new millionaires this year. However, analysts suggest that the early days of massive profit-making on Solana might be behind us. Instead, attention is now turning toward TRON, which shows signs of becoming the next major player in crypto space.
TRON’s appeal is further boosted by the emergence of a “meme season” within its ecosystem, spearheaded by the launch of SunPump, a TRON equivalent of Solana’s pump.fun. This has driven TRON’s 24-hour revenue to an all-time high of $3.84 million, indicating a growing trend among traders and enthusiasts looking for new opportunities within the TRON network.
However, not everyone shares this enthusiasm for TRON. Critics argue that TRON pales in comparison to Solana, MartyParty, a crypto commentator, likens it to comparing “a bicycle to a Tesla.” Despite this, TRON’s momentum suggests that it could be a blockchain to watch closely in the coming months.
Tron vs Solana $TRX is a literal piece of junk. Comparing Tron to Solana is like comparing a bicycle to a Tesla. pic.twitter.com/c8BxFHvK9D
— MartyParty (@martypartymusic) August 22, 2024
The competition between TRON and Solana will be a defining factor in shaping the future of cryptocurrency. With both networks displaying solid fundamentals, the battle for investor interest is heating up.
The post TRON’s Founder Predicts Banner Year, Eyes Solana appeared first on Coin Edition.
