CryptoQuant, a prominent cryptocurrency analysis firm, has unveiled a new report revealing significant progress in the Tron (TRX) network. The analysis highlights that the total transaction count on the Tron blockchain has surpassed 10 billion, setting a remarkable milestone for the platform. 8.4 million daily transactions are averaged, placing Tron among the most active networks in terms of transaction volume within the industry. The report further observes that these activity levels spiked during both bullish market periods in 2021 and 2023. This growth pattern continued steadily over time. Analysis firm findings suggest a connection between increased institutional interest and growing transaction volumes on Tron, particularly with growing ETF applications being cited as a notable example. While the price of TRX has seen a 3.8% increase in the last month, reaching $0.245 – it remains significantly lower than its all-time high of $0.44. Established by controversial figure Justin Sun, Tron is known for its focus on stablecoin transactions, with USDT trading volume playing a significant role in Tron’s network activity. This report does not constitute investment advice. To read the full analysis and dive deeper into this development, please continue reading.