Tron Network Reaches 2.53 Million Active Users, Surpassing BNB Chain and Solana
The Tron network has reached 2.53 million active users, surpassing competitors like Binance's BNB Chain with 2.4 million and Solana at 2.2 million, according to DeFiLlama data. This milestone follows a community-approved 60% reduction in network fees, effective September 1.
Key points include:
- Tron's fee cut aims to enhance accessibility, especially for stablecoin transfers, where it holds significant market share.
- Tron manages over $81 billion in Tether's USDT, nearly half of its global supply.
- Despite rising user numbers, Tron's daily revenue at $810,330 lags behind Solana's $1 million.
- Justin Sun acknowledged the fee reduction could impact short-term revenue but believes it will support long-term growth.
- Sun announced plans to increase USD1 stablecoin liquidity to $200 million and expressed confidence in Tron's future partnerships.
- As concerns about revenue grow, some traders are exploring new projects like SUBBD ($SUBBD), which has raised nearly $1.1 million in its presale.
Tron’s strategic adjustments may influence its competitive stance amid shifting market dynamics.