Tron (TRX), New Accounts Hit One-Month High...230,000 Added in a Single Day

▲ Tron (TRX)

TRON (TRX) daily new accounts soared to 230,862, reaching a one-month high.

According to cryptocurrency media outlet BeInCrypto on July 29 (local time), Tron's daily new accounts increased by 42.87%. On-chain analytics firm Lookonchain reported 230,862 new accounts. The increase in new accounts, which mostly hovered between 150,000 and 200,000 in July, surpassed 230,000 this week.

Tron founder Justin Sun shared data on the increase in new accounts, stating, "More users are choosing Tron every day." According to TRON DAO, as of July, Tron's cumulative accounts exceeded 395 million, and cumulative transactions surpassed 14 billion.

The expanding demand for stablecoins also coincided with the influx of new users. The USDT circulating on the Tron network exceeded $90 billion this year. BeInCrypto analyzed that the increase in users wanting to send or hold USDT also led to an increase in new wallet creations.

Corporate purchases of Tron also continued. Nasdaq-listed financial firm Tron Inc. increased its holdings to over 707 million TRX this year. The company's purchase history can be verified on public wallets. The simultaneous increase in new accounts, corporate acquisitions, and expanded USDT supply has broadened the scope of activity within the Tron ecosystem.

Tron is also pushing for a quantum-resistant upgrade this year. The relevant upgrade has already been completed on the Nile Testnet. The network plans to strengthen its technical protection system to prepare for future decryption threats. In terms of price trends, around $0.365 has been suggested as the next resistance level.

[Article Key Summary]

-Tron's daily new accounts increased by 42.87% to 230,862, reaching a one-month high.

-Tron's cumulative accounts exceeded 395 million, and cumulative transactions surpassed 14 billion.

-The USDT supply, which surpassed $90 billion, and the expansion of corporate holdings to 707 million TRX supported the network's growth.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*