{"id":19984,"date":"2024-09-27T00:50:23","date_gmt":"2024-09-27T00:50:23","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=19984"},"modified":"2024-09-27T00:50:23","modified_gmt":"2024-09-27T00:50:23","slug":"tron-sees-surge-with-nearly-100-billion-in-weekly-trading-volume-is-trx-poised-for-a-record-breaking-high","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/tron-sees-surge-with-nearly-100-billion-in-weekly-trading-volume-is-trx-poised-for-a-record-breaking-high\/","title":{"rendered":"Tron Sees Surge With Nearly $100 Billion in Weekly Trading Volume: Is TRX Poised for a Record-Breaking High?"},"content":{"rendered":"\n

At the moment, TRX, the official cryptocurrency of the Tron network, is holding steady, remaining close to its all-time highs. Following a significant surge in the third quarter of 204, the positive trend is continuing, with investors optimistic about potential future gains.<\/p>\n

<\/span>Tron Achieves Nearly $100 Billion in On-Chain Transactions<\/span><\/h2>\n

This optimistic outlook can be attributed to an increase in on-chain activities coupled with evolving sentiments in the crypto market following recent changes to the United States’ monetary policy.<\/p>\n

Data from IntoTheBlock indicates that the Tron network recorded close to $100 billion in on-chain transaction volume over the past week. The rise in this volume reflects a boost in on-chain activities.<\/p>\n

With around $98 billion processed in trades in just one week, most of the on-chain traffic consisted of Tether (USDT) transfers, with Tron managing upwards of $61 billion of USDT, as reported by TronScan<\/a>.<\/p>\n

<\/p>\n

Remarkably, over half of all USDT transfers originate from Tron, which is favored for its lower costs and scalability compared to Ethereum. Even with new solutions from Ethereum’s layer-2, USDT on Tron remains the preferred choice.<\/p>\n

According to additional insights from IntoTheBlock, TRX transfers accounted for 2.6% of the overall on-chain volume last week. Other notable TRC-20 tokens in the top five include SUN, BitTorrent, and JUST, which are key tokens supporting prominent DeFi protocols on the Tron network.<\/p>\n

<\/span>Could Meme Coin Trend Boost TRX Prices?<\/span><\/h2>\n

Interestingly, the recent rise in meme coin activity, particularly after the launch of SunPump in mid-August, has not led any of these tokens into the top five rankings. On August 13, Justin Sun, co-founder of Tron, initiated SunPump, igniting a wave of interest in meme coins.<\/p>\n

Data from Dune Analytics indicates that SunPump has generated over $5.3 million in revenue, with more than 86,400 meme coins launched through the platform. Currently, over 1,640 tokens have made their debut on Sunswap, according to the report<\/a>.<\/p>\n

\"SunPump<\/p>\n

While the excitement around meme coins has subsided somewhat, TRX and SunDog, a prominent meme coin from SunPump, are seeing gains. As of September 26, SunDog has surged more than 720% since its lowest point in August 2024, according to Coingecko<\/a>.<\/p>\n

\"Tron<\/a><\/p>\n

According to the chart, TRX is currently around 10% below its all-time highs. Despite the recent downturn, the overall trend remains positive. A breakthrough above $0.15, evident in the daily chart’s bull flag, could propel TRX to surpass the highs of August 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the moment, TRX, the official cryptocurrency of the Tron network, is holding steady, remaining close to its all-time highs. Following a significant surge in the third quarter of 204, the positive trend is continuing, with investors optimistic about potential future gains. Tron Achieves Nearly $100 Billion in On-Chain Transactions This optimistic outlook can be […]<\/p>\n","protected":false},"author":1,"featured_media":19985,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Tron Sees Surge With Nearly $100 Billion in Weekly Trading Volume: Is TRX Poised for a Record-Breaking High? - Bitrabo","description":"At the moment, TRX, the official cryptocurrency of the Tron network, is holding steady, remaining close to its all-time highs. Following a significant surge in"},"footnotes":""},"categories":[316],"tags":[6047,4824,758,580,453,8891,4830,7031,2497,786,6345,2450,2451,734,509],"class_list":["post-19984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-100-billion","tag-all-time-high","tag-alltime","tag-billion","tag-high","tag-last-week","tag-new","tag-processes","tag-ready","tag-trading","tag-trading-volume","tag-tron","tag-trx","tag-volume","tag-week"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/19984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=19984"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/19984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/19985"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=19984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=19984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=19984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}