This past week has been quite eventful for the Tron (TRX) network. One of the major highlights was the announcement of a $10 million Meme Ecosystem Boost Incentive Program launched in collaboration with SunPump. This initiative aims to support and expand projects that utilize the SunPump platform, potentially driving new growth and creativity within the Tron ecosystem(Experty).
In terms of financial performance, Tron has been making significant strides. Over the last 90 days, Tron's revenue exceeded that of Ethereum, reaching approximately $435 million compared to Ethereum's $364 million. This surge is largely attributed to the high volume of stablecoin transactions on the Tron network, with USDT settlements on Tron reaching about $1.25 trillion, which is roughly one-third of Visa's settlement volume for the second quarter of 2024(Cointelegraph).
These developments underscore Tron's growing influence in the blockchain space, particularly as a platform for high-volume transactions and decentralized finance (DeFi) activities. Despite these successes, challenges remain, such as fluctuations in total value locked (TVL) within the network, highlighting ongoing volatility and competition in the DeFi sector(Cointelegraph).
