TRX Long-Term Holders Increase by 237%, Nearing 90 Million

  • TRX long-term holder addresses have surged by 237%, now totaling nearly 90 million, showing strong confidence in TRON’s future.
  • TRON’s growing long-term holder base reflects increasing trust in its decentralized infrastructure and continued adoption.

TRON (TRX) achieved key milestones in 2024, demonstrating its rising influence in the blockchain ecosystem. One of the most notable developments is the increase in long-term TRX holders.

According to data from IntoTheBlock, the number of long-term TRX holder addresses has increased by 237% in the last year, reaching nearly 90 million.

This significant increase demonstrates investors’ great belief in TRON DAO’s future, as more people prefer to retain TRX for extended periods of time rather than engage in short-term trading. This development reinforces the growing belief that TRON’s decentralized infrastructure will remain a key player in the blockchain sector.

TRON Strengthens Its Position as a Leading Network for USDT Transactions 

In addition to the jump in long-term holders, the TRON network has seen an enormous increase in USDT transactions. According to Token Pocket, USDT transaction volumes on TRON have surged since 2020, confirming the network’s position as a major player in stablecoin transfers.

Source: Token Pocket on X

By 2023, TRON has reached an incredible 3.6 trillion USDT transactions per year, and as of September 2024, the network is on track to match that amount, with 3.4 trillion transactions already logged.

This continuing expansion establishes TRON as one of the world’s largest USDT transaction networks, demonstrating its efficiency and scalability as a blockchain platform for stablecoin transactions. The high transaction volume implies that both individuals and businesses are increasingly turning to TRON for their stablecoin needs, taking advantage of its speedy and cost-effective infrastructure.

While the network’s growth is significant, TRON has also proved its potential to combat financial crimes. A CNF report disclosed the creation of the T3 Financial Crime Unit (T3 FCU), which combines TRM Labs’ anti-financial crime expertise with TRON’s superior technology and Tether’s investigative capabilities.

Even before its formal start, T3 FCU successfully worked with law enforcement to freeze more than $12 million in USDT connected to illegal activity. This collaboration not only demonstrates TRON’s dedication to network security, but also emphasizes the necessity of blockchain technology in tackling financial crime.

Furthermore, network activity on TRON continues to increase. According to our prior report, TRON executed approximately 230 million transactions in August 2024, representing a 7.8% increase in total network activity.

This continual increase in transaction volume indicates that the TRON blockchain is being used for a wide range of applications, including decentralized finance (DeFi), everyday payments, and stablecoin transfers.

The steady increase in network activity corresponds to the larger trend of increased blockchain usage across several industries.

Meanwhile, TRON’s native coin, TRX, has experienced recent price volatility. TRX is now trading around $0.1481, down 2.10% over the past 24 hours. This dip is part of a larger correction after a robust surge in recent weeks.


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Source: https://www.crypto-news-flash.com/trx-long-term-holders-increase-by-237-nearing-90-million/?utm_source=rss&utm_medium=rss&utm_campaign=trx-long-term-holders-increase-by-237-nearing-90-million