TRON Network Sees Surge In Energy Capacity And Active Users As TRX Burn Continues
The amount of Energy on the TRON DAO network has doubled over the past three months, signaling increased capacity for smart contract activity.
Energy is essential for executing smart contract transactions on TRON, and with more Energy available, the network can handle higher demand while mitigating cost spikes during periods of congestion.
The amount of Energy on the @trondao network has doubled in the past 3 months.
Energy is required for executing smart contract transactions on TRON.
More energy on the network means more capacity for smart contract activity, and in periods of high network demand, having pic.twitter.com/BCSIaSpJg4
IntoTheBlock (@intotheblock) October 23, 2024
Over the past month, the TRON network averaged 2.6 million daily active accounts.
In September 2024, the number of daily active accounts increased by 1.68% compared to August, further showcasing the growing user base and network activity.
On average, there were 2.6 million daily active accounts on #TRON over the past month.
In September 2024, the number of daily active accounts on #TRON increased by 1.68% compared to August 2024. pic.twitter.com/RIflermclU
TRONSCAN (@TRONSCAN_ORG) October 24, 2024
TRON Burned Over 10 Million TRX Tokens
In a move aligned with its deflationary goals, TRON recently burned 10,247,138 TRX tokens on October 23, reinforcing its commitment to reducing supply and promoting long-term value growth. The burn resulted in a net negative production ratio of -5,179,571 TRX, further contributing to the networks deflationary trajectory.
#TRON just burned 10,247,138 #TRX on October 23rd showcasing a commitment to deflation & value growth With a net negative production ratio of -5,179,571 pic.twitter.com/aEmRPY1Ne5
TRON Community (@TronixTrx) October 24, 2024
As TRON continues to scale, the doubling of Energy capacity enhances the networks ability to support more robust smart contract operations without the risk of skyrocketing transaction fees during high-traffic periods. This growing energy reserve ensures a smoother experience for users and developers alike, further solidifying TRONs position as a key player in the blockchain space.
With ongoing TRX burns and a steady increase in daily active accounts, TRONs network growth and deflationary measures are positioning the project for future success, making it a compelling platform for decentralized applications and smart contracts. As the ecosystem continues to expand, TRONs focus on scalability and value growth will likely draw even more users and developers to its platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
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