Tron(TRX) News: SunSwap Drives DeFi Growth with 8.3 Million Transactions in 2024

In 2024, the TRON network experienced a significant shift as decentralized finance (DeFi) activities gained momentum, moving beyond its traditional focus on stablecoin transactions. SunSwap, a leading decentralized exchange (DEX) on the Tron blockchain, played a crucial role in this transformation by recording an impressive 8.3 million transactions. This surge in activity was largely driven by the growing adoption of TRX and its wrapped version, WTRX, which benefited from increased trading and token generation. The rise of SunSwap highlights the expanding utility and adoption of the Tron network in the DeFi space, marking a pivotal moment in its evolution.

Tron DeFi: SunSwap Leads the Way with 8.3 Million Transactions in 2024

In 2024, the Tron network saw a significant shift beyond stablecoin transactions, with decentralized finance (DeFi) activities gaining momentum. SunSwap, a Tron-based decentralized exchange (DEX), played a pivotal role in this transformation, recording 8.3 million transactions. This surge in activity was driven by the adoption of TRX and its wrapped version, WTRX, which benefited from the increased trading and token generation on the platform. Despite the rise in DeFi, USDT continued to dominate the Tron network, with its supply growing from $48 billion to $62 billion, and the value of USDT transfers also saw a substantial increase.

Stellar and TRON Lose Favor as Investors Rally Behind FXGuys ($FXG) For Superior Gains

Investors are shifting their focus from Stellar (XLM) and TRON (TRX) to newer tokens like FXGuys ($FXG), which is currently in its presale phase and has already raised over $3.4 million. More than 250 million $FXG tokens have been sold without major market listings, indicating strong investor interest. The collaboration between Huma Finance and Stellar Foundation on the new PayFi ecosystem map is also highlighted, showcasing ongoing developments within the Stellar ecosystem.

Blockchain Forum 2025: Global Crypto Leaders to Meet in Moscow

The Blockchain Forum 2025 is set to take place in Moscow, attracting influential figures from the Web3, cryptocurrency, and mining sectors across more than 130 countries. This event follows the success of the previous forum in Dubai, which saw participation from industry leaders representing major companies and projects such as Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, VeChain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, and Delysium. Attendees can expect exclusive insights, behind-the-scenes discussions, and extensive networking opportunities with founders and top executives from the cryptocurrency industry.