Tron Dominates In Daily Active Users and Signals Strong Accumulation

This month, Trondao continues to lead the blockchain space in terms of daily active users, boasting over 1.9 million users.

This impressive figure surpasses other notable blockchains such as Polygon (1.3 million), Ronin (980,000), Solana (974,000), and BNB Chain (751,000), cementing Tron’s position as a dominant player in the industry.

This month, @trondao continues to be the blockchain with leading amount of daily active users, with over 1.9M users pic.twitter.com/Xosz07MMqK

— Coin98 Analytics (@Coin98Analytics) July 7, 2024

In addition to its user growth, data from IntoTheBlock revealed a significant movement in Tron’s native token, $TRX. Yesterday, $13.1 million worth of $TRX was withdrawn from exchanges, marking the largest single-day withdrawal in over a month.

This substantial outflow indicates a trend of accumulation, suggesting that investors are increasingly bullish on $TRX.

$13.1 million worth of $TRX was withdrawn from exchanges yesterday. This is the largest in over a month, signaling accumulation. pic.twitter.com/kq8mUV6xgr

— IntoTheBlock (@intotheblock) July 8, 2024

Adding to the momentum, Tron’s founder Justin Sun announced the development of a gas-free transaction solution for stablecoins. This innovative service, aimed at enhancing user experience by eliminating gas fees, is expected to be operational by Q4 of this year. Initially, the solution will be implemented on Tron, with plans for compatibility across other EVM networks.