TL;DR
- TRON DAO's Q3 2024 report reveals a 24% increase in market cap and a 29% rise in revenue, driven by the launch of the SunPump platform.
- On-chain activity surged, with a 29% increase in daily transactions and a staggering 487% rise in DeFi transactions attributed to SunPump.

TRON DAO reported significant growth in Q3 2024, with an all-time high revenue of $151.2 million. The total TRON staked in USD increased by 14% to $6.54 billion, positioning TRON as a leading player among Proof-of-Stake networks. The introduction of the SunPump platform was pivotal, contributing to a remarkable 150% increase in average daily DEX volume.

On-chain activity saw a notable rise, with average daily transactions jumping to 6.3 million and active addresses growing by 6%. DeFi transactions experienced a staggering 487% increase, largely due to SunPump, which facilitated the creation of over 89,000 tokens. The network's strong position in the stablecoin market is underscored by USDT on TRON reaching $58.94 billion, accounting for over half of all USDT in circulation.

TRON's commitment to security and decentralization is evident through its DPoS mechanism and PBFT consensus algorithm. By the end of Q3, there were 419 Super Representative candidates, enhancing the network's resilience. Technical developments aimed at reducing on-chain congestion and gas fees demonstrate TRON's dedication to improving user experience.

Overall, TRON's Q3 2024 report showcases a period of innovation and growth, solidifying its position in the blockchain space. The combination of increased user activity, robust revenue generation, and strategic initiatives highlights TRON's ambition to expand its influence in the cryptocurrency market.

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