Tron is experiencing a resurgence in network activity, according to a recent analysis by cryptocurrency data firm CryptoQuant. The blockchain’s share of total transactions across major altcoin networks has climbed to an impressive 43%, reaffirming its position as a leading platform for transaction processing.
CryptoQuant highlights that Tron has consistently been at the forefront of altcoin transaction volume throughout 2024. In October alone, the network processed a staggering 230 million transactions. This surge in activity culminated in a notable spike on October 24th, with 10.46 million transactions recorded – approximately 25% above the 30-day moving average.
While Tron’s dominance saw a slight dip between August 25th and October 5th due to increased activity on competing networks, the blockchain has since rebounded strongly. CryptoQuant’s analysis suggests that based on historical trends, Tron is likely to maintain its position as the most popular altcoin chain for transactions.
