TRON Network Surpasses 402 Million Accounts Amid Stablecoin Dominance

The TRON network has surpassed an impressive milestone of 402 million total accounts, according to recent on-chain data. This significant growth marks years of steady expansion and solidifies TRON's position as one of the largest public blockchains in crypto.

TRONSCAN reports that there are approximately 4.4 million daily active addresses over the past 30 days, indicating strong engagement with the network. The network has also come to dominate the stablecoin market, holding $92.3 billion in USDT, close to 50% of Tether's total market cap.

The impact of Proposal #104, which reduced smart contract deployment costs by 60%, is seen as a significant contributor to the growth of unique deployers on the network. Despite the network's robust fundamentals, TRX has struggled to break through its current price ceiling, sitting between key support and resistance levels.