TRON Records Second-Highest Revenue in October at $205 Million, Claims 43% of Altcoin Transaction Share

Quick Summary:

The TRON network has reported $205 million in revenue for October, marking it as the second-highest monthly revenue in its history.

On the other hand, if TRX encounters resistance and undergoes a pullback, it could still attract interest because of its integral role in the stablecoin ecosystem and the increasing use of its blockchain for transactions.

While TRON’s on-chain metrics are showing strong performance, the market price of its native token, TRX, has also experienced positive trends in recent weeks.

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Article Details

Author / Journalist: Shayan Chowdhury

Category: Crypto

Markets: United States

Topics: News Altcoins Tron

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 15:23:44 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23365363

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