tron

Donald Trump’s World Liberty Financial Holding $50,000,000 Worth of DeFi Crypto Assets: Arkham

December 16, 2024 The Daily Hodl

Altcoins

President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain data shows. Blockchain intelligence platform Arkham reports that WLFI’s treasury acquired $50 million worth of different DeFi coins in preparation for its launch. “UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS The World […]

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Bitcoin to top $110K by Jan, $20B TRX hints at ‘altseason’ — Finance Redefined

December 6, 2024 Coin Telegraph

altcoin season

Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.

Bitcoin surpassed $100,000 for the first time in history on Dec. 5, boosting expectations of a $110,000 “local top” before United States President-elect Donald Trump takes office on Jan. 20.

Risk appetite is also returning among altcoin investors after Tron (TRX) surpassed a record $20 billion market capitalization, bolstering expectations of a forthcoming altcoin season, as some of the profits from Bitcoin (BTC) investors are expected to flow into smaller cryptocurrencies.

Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January.

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Tron (TRX) Founder Justin Sun Eats $6,200,000 Banana, Comparing the Art Piece to Crypto: Report

November 29, 2024 The Daily Hodl

Altcoins

The founder of the Tron (TRX) blockchain is making headlines for eating a famously controversial piece of art. After winning Italian artist Maurizio Cattelan’s art piece “Comedian” last week in a Sotheby’s art auction for $6.2 million, Justin Sun made good on his promise today to eat the art installation, which was a banana duct-taped […]

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TRON Founder Justin Sun Named Advisor to Donald Trump’s World Liberty Financial After Acquiring 10% Stake

November 28, 2024 The Daily Hodl

Altcoins

TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. In a post on social media platform X, WLFI says Sun’s qualifications will enable him to make significant contributions to the development of the platform. “Justin is the […]

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TRON Founder Justin Sun Becomes Biggest Investor in Donald Trump’s New Crypto Project

November 27, 2024 The Daily Hodl

Altcoins

Justin Sun, the founder of the TRON (TRX) blockchain, has announced a multi-million dollar investment in World Liberty Financial, a decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. Sun says that TRON blockchain’s decentralized autonomous organization, TRON DAO, will invest $30 million in World Liberty Financial. “The US is becoming the blockchain […]

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CryptoQuant CEO Says Ethereum Rival Has Achieved Strong Market-Product Fit Hosting $60,000,000,000 in USDT

November 27, 2024 The Daily Hodl

Altcoins

An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain’s market cap. “TRX […]

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Tether mints $1 billion USDt on Tron, pays zero fees — Arkham

November 16, 2024 Coin Telegraph

Coin Telegraph

According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.

Tether minted $1 billion in USDt (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.

The analytics platform highlighted the Nov. 14 transaction from a “black hole address” on Tron to Tether’s multisignature wallet beginning with the characters “TBPxh.”

Onchain records also show that almost immediately after the 1 billion USDT was sent to Tether’s multisignature wallet, the funds were transferred to the stablecoin firm’s treasury, and this transaction likewise featured zero fees.

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TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON’s growth

October 31, 2024 The Crypto Briefing

Chainlink

The integration could enhance TRON's DeFi ecosystem security and innovation, potentially driving broader adoption and growth in the blockchain space.

The post TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON’s growth appeared first on Crypto Briefing.

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From $3.6T to $1.2T: The Surprising Decline in Stablecoin Transfer Volume Unveiled

October 20, 2024 Bitcoin.com

Altcoins

Since October kicked off, the stablecoin market has experienced a modest boost, though overall growth has remained quite slow. Currently, the sector is valued at $172.7 billion, with 48.9% of stablecoins residing on Ethereum and 34.92% circulating on Tron. Although the stablecoin landscape has expanded considerably since the start of the year, transfer volumes have […]

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Memecoins drove Tron network revenue to new high over Q3: Messari

October 18, 2024 Coin Telegraph

active users

Nearly a third of Tron’s record $151 million quarterly revenue came from its new memecoin launchpad SunPump over a two week period.

Tron’s memecoin launchpad SunPump has driven the blockchain’s quarterly revenue to a record high of $151.2 million across the third quarter, a nearly 30% quarter-on-quarter bump, says Messari.

A memecoin frenzy saw over 89,000 tokens launched on SunPump between Aug. 12 and Sept. 30 and led to Tron’s decentralized finance transactions gaining by 487% over Q3, Messari said in an Oct. 17 report.

Between Aug. 16 and 31, over 270 million TRON (TRX) tokens were burned, generating around $42 million — nearly 27% of Tron’s Q3 revenue, Messari noted.

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