Blockchain
Tron reaches record revenues of 577 million dollars in Q3, surpassing Bitcoin and Ethereum
In the third quarter of 2024, the Tron blockchain set a new revenue record, reaching $577.2 million, positioning it as one of the top-performing blockchains during the period, even surpassing Bitcoin and Ethereum in quarterly revenue. This achievement underscores Tron’s operational efficiency and growing popularity, driven by three key factors:
1. High Staking Activity: Staking contributed to 74% of Tron’s revenue. TRX holders locked their tokens to participate in transaction validation and network security, earning competitive rewards, which attracted more participants to the platform.
2. TRX Burning: The burning of TRX tokens accounted for 26% of the revenue. This process reduces the total supply of tokens, increasing their value and bolstering investor confidence.
3. Ecosystem Expansion: Tron’s ecosystem continued to grow with a range of decentralized applications (dApps) across DeFi, NFTs, and blockchain gaming, driving increased transaction volume and revenue.
Tron’s scalability and use of the Delegated Proof of Stake (DPoS) consensus mechanism allowed it to efficiently handle large transaction volumes at low costs, surpassing Ethereum and Bitcoin in revenue for Q3. This, coupled with its sustainable user incentives and network innovations, positions Tron for continued growth and prominence in the blockchain sector.
Source: en.cryptonomys.ch
The post Tron reaches record revenues of 577 million dollars in Q3, surpassing Bitcoin and Ethereum appeared first on HIPTHER Alerts.
Blockchain
CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities
Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.
Blockchain
Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum
Blockchain
Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models
Automotive Finance Market
-
Blockchain Press Releases4 days agoSweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain Press Releases4 days agoEthiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain2 days agoReynold Lemkins Group Attends The Asset ESG Annual Summit to Explore New Paths for Corporate Sustainable Development
-
Blockchain Press Releases3 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
-
Blockchain5 days agoFrontiers of Fintech: Innovative Practices of SILEGX Exchange
-
Blockchain4 days ago
Adapt or Die: The Urgent Shift from VASP to MiCA
-
Blockchain5 days agoGlobal Collaboration and Elite Team Drive: TwyAe Advances into the New Era of Crypto Finance
-
Blockchain2 days ago
Bybit Web3 Deepens Outreach and Support for TON Community with TON Foundation, TON Society, and TON X at Devcon 7
