30s Summary
The Tron network is set to fully integrate with Nansen 2, providing real-time data updates for developers and investors. Nansen is working on a Tron Macro Dashboard to heighten transparency of network activity. Tron is a major player in the USDT market, hosting more holders than Ethereum. Its features like scalability and low fees have been significant to its growth. Additionally, Tron’s meme coin launchpad, SunPump, significantly contributes to its revenue. The new model, Nansen 2, accommodates Solana analytics despite its technical complexity. It’s also partnered with StakeWithUs to allow token staking with Nansen validators.
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The Tron network is gearing up to be fully integrated into Nansen 2, thanks to a joint effort from Nansen and Tron’s decentralized independent group. Nansen is developing a Tron Macro Dashboard to give developers and investors real-time updates on the Tron ecosystem’s ins and outs.
Nansen, a provider of blockchain data and wallet-labeling services, is set to give Tron users a new level of transparency and real-time updates of the network’s activity. As Tron grows and wins over more users, it’s becoming a major player in the USDT market.
Tron currently hosts the most substantial circulating USDT supply, with a whopping 22.7 million USDT holders among its 270 million users. This is significantly more than Ethereum’s 4.2 million USDT holders. Tron achieved full decentralization in December of last year.
One of Tron’s unique features is its scalability and low fees. For instance, Tether minted $1 billion in USDT on Tron without paying a single fee last November. This move occurred not long after Tether moved 1 billion USDT from Tron to Ethereum as part of its 2 billion total USDT movement. Tether also minted 1 billion USDT on Tron in August.
In addition to USDT, Tron’s meme coin launchpad “SunPump” is bringing in the revenue. Responsible for $151.2 million of Tron’s record-breaking $577 million third-quarter revenue, SunPump launched 89,000 tokens between August 12th and September 30th, with 7,500 tokens launched on August 20th alone.
On another note, Nansen 2, the new model on the block for the analytics platform, has added Solana analytics into its utilities. This is particularly challenging due to Solana’s technical complexity and high data volume. On top of this, Nansen also partnered with StakeWithUs, a Singapore-based staking service provider, allowing users to stake tokens with Nansen validators across more than 20 blockchains.