TRX Sees 14% Increase in Average Daily Active Accounts in Q2 2023

TRX had a high burn rate during Q2 2023, but its price remained bullish and market indicators favored buyers. Messari's report on TRX's Q2 performance showed that the daily average active accounts increased by 14%, and the number of new accounts and transactions rose significantly. Tron also launched new features and partnerships, such as the BitTorrent bridge, which expanded its reach and improved its staking ecosystem. While Q3 did not start on a similar note, TRX's price kept increasing, and its daily chart looked pretty bullish.

TRX

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

Onboarding the Next 1 Billion vs. The Next 1 Million Users Debate

It was an interesting debate between Remco Bloemen, who advocated for scaling solutions to focus on onboarding the next 1 billion users, and Vadim Koleoshkin, supporting a more tailored approach to onboarding the next 1 million users by emphasizing refined user experiences and niche adoption strategies.
Chainlink ·

Chainlink Unveils Monumental Upgrade To Power Onchain Finance

In his recent SmartCon 2024 keynote, Sergey Nazarov explored how TradFi and DeFi are converging into a single unified Internet of Contracts through Chainlink. This post is based on his presentation.
CointimeSG ·

ON–291: Real World Assets 🌍

Coverage on BUIDL, PAXG, BCAP, and Maple
CointimeSG ·

State of Sui Q2 and Q3 2024

Sui introduced the Mysticeti consensus mechanism, reducing consensus latency by 80% to 390 milliseconds under 100,000 transactions per second. Sui integrated with Circle’s USDC and plans to integrate with Circle’s Cross-Chain Transfer Protocol (CCTP). This integration contributed to a 139% QoQ increase in Sui's market cap to $4.8B, ranking it 21st. The number of active addresses peaked at 2.2 million on May 30, 2024, the same day a token unlock released 9.3% of total tokens vesting. This surge in activity likely resulted from the influx of newly unlocked tokens, triggering increased trading and transfers.
CointimeSG ·

How a popular crypto exchange empowers traders with customization and efficiency

This crypto trading platform introduces unique features to the market that are designed to meet the fast-paced needs of users.
CointimeSG ·

Dogecoin Leads the Pack—But These Dog Coins Are Running Up Gains Too

Dogecoin may have a backer headed to the White House, but other big dog-themed coins are jumping on token listings and broader crypto hype.
0G Labs Completes $40 Million Seed Round and Receives $250 Million Token Purchase Commitment

Zero Gravity Labs (0G Labs or 0GL), a startup company in the field of cryptocurrency and artificial intelligence, announced that it has raised $290 million in new financing. This includes $40 million in seed funding raised by the laboratory and a $250 million token purchase commitment received by the 0G Foundation (an independent management organization of the 0G protocol).
Crypto entertainment platform BetHog completes $6 million seed round of financing

cryptocurrency sports and entertainment platform BetHog announced the completion of a $6 million seed round of financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, and others. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of FanDuel, and is built on the Solana blockchain, with SOL as the support token for PvP games. In addition, BetHog also supports betting with Bitcoin, Ethereum, and USDT.
StakeStone Completes $22 Million Financing, Led by Polychain Capital

Ethereum liquidity collateral protocol StakeStone announced the completion of a $22 million financing round, led by Polychain Capital. This financing round includes strategic investments from Binance Labs and OKX Ventures, seed round financing led by SevenX, and participation from Nomad Capital, HashKey Capital, and others.
Hong Kong venture capital group The Z Label has completed a HK$90 million financing and plans to use blockchain and other new technologies to empower its products

Hong Kong venture group The Z Label announced the completion of a HKD 90 million financing round, led by Beyond Ventures. The new funds will be used to create innovative consumer products for the global Z generation, utilizing new technologies such as artificial intelligence (AI), big data, spatial computing, and blockchain to find early market fit. The company will also combine technology research and development with cross-industry collaboration to drive enterprise incubation and industry innovation.