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Stablecoins

TRON Crosses 413 Million Accounts Amid Mixed Metrics

TRON has surpassed 413 million total accounts while recording steady daily activity and stablecoin transfers, alongside a decline in decentralized finance liquidity.

TRON Crosses 413 Million Accounts Amid Mixed Metrics
Image: BullishMarketCap

TRON has surpassed 413 million total accounts, continuing to record millions of daily active addresses and steady transaction growth despite weaker activity across parts of its decentralized finance ecosystem, according to CryptoNews.

According to an announcement from blockchain explorer TRONSCAN and highlighted by founder Justin Sun, the network's cumulative account count crossed the milestone by November 8. Data showed the blockchain holding more than 413.5 million accounts as of November 10, with approximately 173,000 new accounts added over the preceding 24 hours. The cumulative figure represents accounts created since the network's launch rather than individual users.

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Network Activity and Stablecoins

Over the past 30 days, the network averaged 4.52 million daily active accounts and processed an average of 11.83 million transactions per day, representing a 2.51% increase in transaction activity compared to the preceding period. Stablecoin transfers continued to serve as a major activity driver, with Tether's USDT daily transfer volume averaging approximately $24.86 billion, up 2.4% over the same month-long period. Accounts transferring USDT averaged roughly 1.05 million per day.

DeFi Liquidity Decline

Despite ongoing account growth, TRON's decentralized finance ecosystem experienced a contraction in locked liquidity. DefiLlama data showed the network's total value locked at approximately $4.96 billion as of November 10, down from roughly $5.58 billion on October 12. Decentralized exchange trading volume also fell, dropping 73.68% over a seven-day period to approximately $389.46 million.

Key facts

  • TRON surpassed 413 million total accounts on November 8.
  • The network averaged 4.52 million daily active accounts over the past 30 days.
  • Daily transactions averaged 11.83 million, growing 2.51% over the reporting period.
  • USDT transfer volume averaged approximately $24.86 billion per day over the past month.
  • DeFi total value locked fell to approximately $4.96 billion by November 10.
$TRX#TRON#USDT#DeFi

Source: crypto.news

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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