Tron also saw its share of total transaction volume among major blockchain altcoins grow.
The #Tron network saw significant growth in October. According to network data, Tron completed 238.6 million transactions in October, an 8.15 percent increase over September. This coincided with a surge in revenue driven by the launch of SunPump and the subsequent rise in popularity of #meme coins.
According to the latest data from #blockchain tracking platform Lookonchain, this surge in the Tron network marks the eighth consecutive month of increased transactions. In particular, on October 24, the Tron network reached an annual high of 10.46 million transactions per day. In the following days, activity remained at the same level, with daily transactions consistently exceeding 6.5 million.
CryptoQuant confirmed these sentiments in its recent analysis, reporting a resurgence in the popularity of the Tron network, as evidenced by its growing share in the total transaction volume among the major blockchain #altcoins .
October 30, Tron accounted for 43% of transactions on these networks, cementing its position as the leading altcoin blockchain for transaction processing. This growth mirrors Tron's performance in 2024, when it consistently led in transaction volume.
Although its dominance declined slightly between August 25 and October 5 due to increased activity on competing networks, Tron's transaction share has rebounded and, based on past trends, is likely to remain dominant among altcoins in the future.
meme coins have been the primary driver of activity on the Tron network through 2024; according to CoinGecko, the market value of meme coins on the network is currently around $205 million. These assets also contributed significantly to Tron's October revenue.
As previously reported, Tron's third-quarter revenue surged thanks to SunPump, a token launch platform dedicated to meme coins. SunPump activity surged after Aug.
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