In recent weeks, there has been a notable surge of activity in the cryptocurrency market, particularly with the Tron Network and Ethereum blockchains achieving noteworthy milestones.
The Tron Network has achieved a total of 8.1 billion transactions, with a recent daily volume of 6.8 million transactions. The TRON (TRX) native token accounted for the biggest proportion of transactions, making up 37.97% of the total.
The network’s transaction count at the start of the year stood at 7.05 billion, experiencing a significant increase in activity in mid-July. Tron Network now possesses 2.5 million active accounts as of July 23.
The Ethereum blockchain registered a total of 2,451 million transactions, with an average rate of 12.7 transactions per second. Ethereum, with a market capitalization of $416 billion, ranks as the second-largest cryptocurrency.
Tron Network has introduced gas-free stablecoins for both Tron and Ethereum blockchains. Additionally, the blockchain witnessed a significant increase in new account creation in June, reaching its highest level in six months.
The popularity of Ethereum’s ecosystem increased after the debut of spot ETFs in July, after receiving permission from the SEC in May. The ETFs commenced trading on July 23 and experienced positive net inflows within the initial 24 hours of trade.
During the first half of 2024, both ecosystems underwent regulatory scrutiny. Ethereum’s ETFs saw extended approval times, while Tron Network engaged in a legal battle against the SEC.
