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Messari and CryptoRank Research Highlight TRON's Surging Onchain Activity

TRON DAO

Geneva, Switzerland - August 7, 2024 - Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network's significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement and emphasize TRON's robust, reliable technical architecture and impressive scalability. Messari Research Messari's research report introduces TRON as a public, open-source blockchain network distinguished by its security and efficiency. TRON secures its network using a Delegated Proof-of-Stake (DPoS) mechanism combined with the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. The TRON Virtual Machine (TVM), which is compatible with the Ethereum Virtual Machine (EVM), offers developers affordable and fast smart contract execution, further accelerating its adoption and utility in the blockchain ecosystem. Key Analysis: In Q2, TRON was one of the few smart contract platforms that saw increasing onchain activity. Average daily transactions rose by 29% quarter-over-quarter, reaching 6.3 million, with June marking the highest monthly transaction volume of 2024 at 202.6 million. Average daily active addresses grew by 31% quarter-over-quarter from 1.5 million to 2.0 million. Average daily new addresses increased for the third straight quarter, up 12% QoQ from 177,200 to 198,000. TRON's circulating market cap increased for the sixth consecutive quarter. The research from Messari concludes by adding that TRON DAO is actively expanding the TRON ecosystem with strategic initiatives such as the Grants Program, a $100 million AI development fund, and the HackaTRON series. Read the full research report from Messari here. CryptoRank Research CryptoRank's research report provides an insightful analysis of the TRON network, highlighting its impressive technical capabilities. On TRON, blocks are generated every 3 seconds, with the network supporting up to 2,000 transactions per second. The report dives into the TRON architecture, detailing its three foundational layers. The Core Layer manages the consensus mechanism, accounts, and TRON Virtual Machine (TVM) and runs Solidity-based smart contracts. The Storage Layer optimizes data storage and segmentation, prioritizing security and stability. Finally, the Application Layer facilitates the creation of decentralized applications, making TRON a robust and scalable platform for developers and users alike. Key Analysis: TRON now holds the second place in dApps TVL among all blockchains with over $8.2 billion. It is important to note that TRON's TVL, as well as most other indicators, barely correlates with market-wide fluctuations. TRON shows outstanding performance in terms of user on-chain activity with over 181 million active addresses in Q2 2024, repeating its success from Q1. TRON has gained over 274 million unique addresses, mostly represented by user accounts. CryptoRank's research concludes that TRON is a critical player in global crypto transfers. This widespread adoption extends beyond crypto-native users to businesses and e-commerce platforms worldwide. Looking ahead, TRON is set to enhance its capabilities through initiatives like Bitcoin Layer 2 integration and gasless stablecoin transfers, removing barriers and further solidifying TRON's position as a leader in the blockchain space. Read the full research report from CryptoRank here. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2024, it has over 248 million total user accounts on the blockchain, more than 8 billion total transactions, and over $21 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

August 08, 2024 12:16 AM Eastern Daylight Time

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HTX Releases July Performance Report: 24-Hour Trading Volume Rises to Top 2 Worldwide for the Third Time, Achieving Steady Progress

HTX

The HTX team has recently released its performance report for July, sharing key achievements and milestones with users. The report updates both new and existing users on HTX's significant progress across various fronts, including rankings by external institutions, new asset listings, HTX Ventures' investment projects and participation in activities, HTX's 11th-anniversary events, liquidity pledge received by HTX DAO, as well as security and customer service data. Through this disclosure, HTX expresses gratitude to its users for their continued support and trust. HTX Ranks Second Globally in 24-Hour Trading Volume and Lists Many Quality Assets Despite volatile fluctuations in the crypto market, HTX saw an 11.3% increase in trading volume in July compared to the previous month. According to CoinGecko data on July 24, HTX's 24-hour trading volume reached $2.8 billion, securing second place globally. This achievement marks the third time this year that HTX has attained a top-two position, reflecting its steady progress in climbing the rankings. HTX expanded its asset offerings in July by listing 15 cryptos, including PIXFI, A8, LRDS, and AVAIL, synchronizing their debut with other exchanges like Coinbase. Following the listing, AVAIL's price skyrocketed by 90%, while FIGHT's price surged by 60%. NEIRO, playfully dubbed "DOGE 2.0", was listed at the end of July. HTX Ventures Invests in Two Projects and Participates in EthCC; HTX's 11th Anniversary Events Officially Kick Off HTX Ventures announced in July that it had invested in Lombard and Redstone. The HTX Ventures investment team attended side events at EthCC in Brussels, where they shared insights on "Restaking Development" and "How to Successfully Launch a Web3 Ecosystem". Additionally, they published an industry research paper across various media platforms. HTX Ventures will keep exploring new frontiers to create more opportunities and deliver greater value to the platform users. Dedicated to fostering the long-term growth of the Ethereum ecosystem, it consistently seeks technologies and projects that improve the experience of crypto users. In July, HTX also kicked off its 11th anniversary event—the Battle of Glory for KOLs. Participants who register for the event can compete for a 200,000 USDT prize pool. At the same time, HTX has launched an 11th Anniversary Appreciation Plan for Existing users, offering a refund of account management fees totaling tens of millions of dollars. As HTX marks its 11th anniversary, a lineup of events to thank users for their continuous support is now underway. Please log in to the HTX platform for more information. HTX Intensifies Security Efforts, Ensuring the Protection of User Assets While Providing Quality Services In July, HTX continued to strengthen its security measures by sending 292,937 security alerts to users and combating 5 phishing websites and fake app download sites. We intercepted 4 transactions to scam addresses, recovering 100,000 USDT in lost funds. We also handled 12 incidents involving stolen assets from external sources and helped users freeze over 130,000 USDT in stolen funds. Additionally, we blacklisted 7,118 new addresses, intercepting 35 deposits amounting to about 650,000 USDT. The HTX security team is fully committed to safeguarding user assets through concrete efforts and effective measures. Additionally, HTX DAO announced this month that the Liquidity Pledge for Q2 2024 has been completed. A total of $30.5 million was pledged and burned during this period. In Q2 2024, HTX DAO received ecosystem liquidity pledges totaling $21.5 million, bringing the cumulative amount to $42.5 million. HTX also completed $10 million in compensation for users affected by the pGALA incident. The package covers payouts, platform benefits, and Gala nodes. The platform remains fully dedicated to protecting the interests of its users. Throughout July, HTX's customer service team assisted 38,800 users and effectively addressed 61,646 inquiries and support tickets. The issues mainly involved user account security and P2P trading problems. Over 83% of users have expressed positive feedback. In the face of recent market turbulence, HTX will steadfastly stand by users through the ups and downs of the market and move forward together. The platform is about to celebrate its 11th anniversary and will take the opportunity to thank users for their unwavering trust and support over the years. The "user-first" principle has always been central to HTX. The platform continues to strive toward enhancing the quality of its services with the goal of providing users with the best possible trading experience. Looking ahead, the HTX team will publish performance reports on a monthly basis to ensure full transparency for its users. These reports will cover key metrics such as operational data, asset performance, investment results, security measures, and customer service. With sincerity, HTX aims to forge an even stronger bond with its user community, working together to create a better future. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

August 06, 2024 02:19 PM Eastern Daylight Time

Bluepeak to Invest More Than $31 Million to Bring Fiber Optic Internet to the Cities of Stephenville, Mineral Wells, and Ennis

Bluepeak

Bluepeak is investing more than $31 million to expand its fiber-to-the-home (FTTH) network to the cities of Stephenville, Mineral Wells, and Ennis, Texas. The network expansion will bring a new fast, affordable, reliable fiber internet option to more than 22,000 homes and businesses starting in 2025. “We promised to build out our network in underserved areas, reaching more new locations with fiber in 2025,” said Bluepeak CEO, Rich Fish. “This latest network expansion actively delivers on that commitment in areas where connectivity will make a dramatic impact to the local economy. In all three of these markets, we aim to empower local businesses, support educational advancements, and facilitate seamless connectivity for residents.” “Reliable access supports the core needs of every community, both homes and businesses, serving as a catalyst for growth, innovation, and opportunity,” said Mike Harry, Chief Business Development Officer of Bluepeak. “We look forward to continuing to work closely with local leaders and community members to ensure our services are contributing positively to their everyday lives.” Since 2021, Bluepeak has been dramatically improving broadband options by bringing fast, dependable, fiber internet with transparent pricing to residents of Oklahoma, Wyoming, South Dakota, North Dakota and soon-to-be Texas. With Bluepeak Fiber Internet service, customers get fiber-fast speeds, equal upload and download speeds and whole-home WiFi. Bluepeak service features all-in pricing, where the price on the website is the price on the bill, with a minimum service tier of 1 gigabit-per-second (Gbps). Homes can get up to 5 Gbps and businesses 10 Gbps and beyond. Each fiber internet speed package includes Wi-Fi powered by eero, along with the added value of eero Secure, which protects devices from online threats, ads and allows for customized content filtering. Bluepeak's fiber network provides reliable connectivity and the bandwidth to connect more devices for internet, streaming, gaming and more. Ultimately, Bluepeak service increases broadband competition for internet consumers by offering an advanced fiber connection in communities where choices have traditionally been very limited. Those in Stephenville, Mineral Wells, or Ennis interested in more information on Bluepeak service availability and details on the construction process can sign up for updates by entering their service address at mybluepeak.com. About Bluepeak Bluepeak is a new kind of internet provider bringing fast, reliable, affordable internet to places that have needed better options for too long. The company has roots serving Great Plains and Midwest communities going back more than 30 years. As the need for internet in the region has evolved, so has Bluepeak, upgrading and expanding service in South Dakota, southwest Minnesota, Oklahoma, Wyoming, North Dakota, and soon-to-be Texas, with the newest cutting-edge technology. These expansion efforts include multi-million-dollar infrastructure projects, community involvement and growth through local hires. Bluepeak is earning the trust of customers and businesses through simple, affordable offerings, responsive, reliable customer service and transparent pricing. The company’s unique approach to delivering internet service has earned Bluepeak accolades for customer satisfaction, network performance, workplace culture and meaningful community partnerships. Visit www.mybluepeak.com to learn more. Contact Details Parnomi PR, on behalf of Bluepeak Angie Knight +1 574-208-9090 media@parnomi.com Company Website https://www.mybluepeak.com

August 06, 2024 09:00 AM Mountain Daylight Time

Luke Zaientz Joins Rally Ventures as Operating Partner

Rally Ventures

Rally Ventures, a leading venture capital firm focused on early-stage business technology, today announced the addition of Luke Zaientz as Operating Partner. He will work closely with the firm’s portfolio companies, providing expertise in go-to-market, customer success, product prioritization, new market entry, mergers and acquisitions, pricing/product marketing and more. As the founder, COO and CEO of Reigning Champs, Luke led the student-athlete recruiting platform from inception to over $200M in annual revenue. He executed a highly successful inorganic growth strategy, closing and integrating 10 M&A transactions. Under his leadership, Reigning Champs was sold to Endeavor/IMG Academy and later to EQT for $1.2B. Prior to Reigning Champs, Luke co-founded, raised growth capital from Kleiner Perkins and scaled RMG Networks, a developer and aggregator of place-based video networks, to IPO. He previously held leadership roles at Match.com, BriteVision, i2 Technology, Ryder and UPS. While at Match.com, Luke launched and scaled Match.com Events from 0 to achieve 6,000 events and 500,000 attendees across all major US and European metro areas within the first two years. Luke is a graduate of Northeastern University and MIT. “Luke and I have known each other for over a decade. While at SportsEngine, Reigning Champs was our closest integrated partner and our teams spent a lot of time together. Luke’s extensive experience and strategic vision will be invaluable to our portfolio companies as they navigate critical growth phases,” said Justin Kaufenberg, Managing Director of Rally Ventures and founder and former CEO of SportsEngine. “I’m excited to join the Rally Ventures team and contribute to the success of our portfolio companies. Rally has a stellar reputation for actively supporting entrepreneurs in the growth of their businesses, and I look forward to leveraging my experience to help these companies achieve their full potential,” said Luke Zaientz. Luke will join Rally’s team of three managing directors, four venture partners and seven professionals. The firm also includes a network of 100+ technology partners — executives, technologists and luminaries — who act as an extension to the Rally Ventures team. The firm is currently investing out of Rally Fund V. About Rally Ventures Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures' partners and venture capital industry veterans have invested in or run early stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit rallyventures.com. Contact Details Rally Ventures Rachel Subasic rachel@rallyventures.com Company Website https://www.rallyventures.com/

August 06, 2024 08:03 AM Central Daylight Time

JustMarkets Releases Native Trading Inside The App

Benzinga

By James Blacker, Benzinga Globally recognized multi-asset broker JustMarkets implemented in June a major update to its trading app that promises to help traders on the go unlock the full potential of the market. The mobile app, which is available on both Google Play and the App Store, now includes In-App Trading, allowing users not only to stay ahead of market movements but also to seize opportunities anytime, anywhere. Previously, the JustMarkets app could only be used to manage orders. With the development of In-App trading in the June update, users have the entire market at their fingertips and can place new trades directly from the app in real time, meaning they will not miss out on big trading opportunities, wherever they are in the world. Advanced Customer Service The new update is a welcome addition to a modern and user-friendly app that already boasts competitive trading conditions. Traders who choose JustMarkets can enjoy low spreads and low fees, boosting their edge in the markets and ensuring that they can maximize their profit. As Mad Money host Jim Cramer famously says, “There’s always a bull market somewhere.” JustMarkets lets you take advantage of this by offering a diverse range of instruments to choose from, including forex, stocks, commodities, indices, metals and virtual assets – all within a single platform. With the new In-App Trading function, it is now easier than ever to trade this wide array of financial instruments, thereby diversifying your portfolio and letting you possibly capitalize on a variety of market opportunities. JustMarkets also offers 24/7 customer support in multiple languages. This round-the-clock assistance ensures that any difficulties or problems encountered while using the app are addressed promptly, giving traders peace of mind and allowing them to spend more time trading the markets. A Trusted Broker Since its inception in 2012, JustMarkets has earned the trust of millions of clients from more than 160 countries through its competitive pricing, offering low spreads and zero commissions. The company’s dedication to providing reliable services and creating long-term partnerships with traders has garnered it over 50 industry awards. Further highlighting the company’s status as a trusted broker, JustMarkets operates under licenses from various regulatory bodies, including the Financial Services Authority in Seychelles, the Cyprus Securities and Exchange Commission, the Financial Sector Authority in South Africa and the Financial Services Commission in Mauritius. For more information about JustMarkets and to experience the new In-App Trading feature, visit its website or follow it on Instagram, Facebook, X, YouTube, Telegram, and LinkedIn. Featured photo courtesy of JustMarkets. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 06, 2024 08:30 AM Eastern Daylight Time

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HPS/PayMedix Acquires TempoPay to Further Expand and Simplify Healthcare Payments for All

HPS|PayMedix

HPS/PayMedix today announced the acquisition of TempoPay, an innovative payments solution created at Redesign Health that helps employees access medical, dental, pharmacy, and other expenses not paid by their insurance. Together, HPS/PayMedix and TempoPay now offer a comprehensive healthcare financing and payments solution, addressing the issues of health equity, affordability, and the need to simplify the healthcare payments experience. According to the PayMedix Healthcare Payments and Financial Disparities Study, one-third of Americans say out-of-pocket costs (33%) and deductibles (31%) are unaffordable. This figure increases to four in ten for those with a credit score of 669 or less. Further, more than half (52%) of insured Americans said that paying for medical bills has been stressful, with nearly all of them (92%) claiming the stress has affected their physical and mental health. “Healthcare costs are increasingly becoming a disproportionate share of the American household wallet, and we need better solutions to manage the stress this puts on family budgets,” said Tom Policelli, CEO of HPS/PayMedix. “The acquisition of TempoPay underscores our mission to simplify healthcare and create greater health equity by removing the financial barriers that stand in the way of employees getting access to the care they need when they need it; not just when they feel that they can afford it.” TempoPay offers all an employer’s employees’ interest-free financing for health and wellbeing care that overlays their current plans. Once activated by the employee, TempoPay VISA® cards can be used to pay for everything from medical care and prescriptions to vision and dental bills; even vet bills for their pet and other approved health and wellness-related costs not covered by their plans. The employer sets the dollar amount and charge types that will be processed, and employees can repay their bills over time interest-free via payroll or bank account. “TempoPay is the lifeline employees need today so they can access care and maintain their health without fearing high interest bills or avoiding needed care,” Erika Davison-Aviles, CEO and Co-founder of TempoPay said. “We are excited to become a part of HPS/PayMedix’s innovative healthcare payment solution and further our mission to alleviate consumers’ financial pressure. For employers we help maximize the value of their benefits plans, pre-tax accounts, and other well-being programs.” With TempoPay and PayMedix combined, all employees can access interest-free financing for all their healthcare needs. While TempoPay offers immediate financing of everyday healthcare expenses, PayMedix provides complete, uncapped financing for all in-network allowed charges that any employee may owe to providers. All employees are automatically enrolled and PayMedix then pays all participating providers in full. The employees each get a simplified consolidated statement (a SuperEOB) each month and can arrange to pay it on terms that fit their budgets. Participating providers, in turn, are simply paid the full employee balance due automatically and therefore have no bill to collect. Because PayMedix and TempoPay are ‘credit-blind’, all employees, regardless their credit histories, can make their healthcare expenses more manageable. “It’s a fact that 1 in 4 PayMedix members would be unable to get financing for their healthcare based on their credit scores. With TempoPay, we can reach even more members to help them get and stay healthy,” said Brian Marsella, President of HPS/PayMedix. “The powerful combination of PayMedix and TempoPay provides employers with a valuable solution to support their workforce. We have proven that improving access to care drives better outcomes – particularly for lower-income employees. This in turn saves employers money.” About PayMedix PayMedix, which began as the financing arm of Wisconsin-based HPS over a decade ago, is the only company solving the problem of high out-of-pocket costs for everyone -- providers, patients, employers, and TPAs. PayMedix is changing how people access, use, and pay for healthcare by guaranteeing payments to providers and financing for all patients. PayMedix has processed more than $5 billion in medical payments for hospital systems and physician practices and can be implemented in conjunction with any PPO or HMO network. About TempoPay TempoPay partners with employers to help their employees manage their medical costs with interest-free financing and flexible repayment options. With theTempoPay Visa ® card employees can take control of how they pay for healthcare without added stress, providing simple access to the financial security needed for happier, healthier lives. About HPS Health Payment Systems (HPS) is a privately held healthcare technology and services organization with solutions that reduce the cost and complexity of the healthcare payments process to benefit providers, employers, patients and TPAs. Headquartered in Milwaukee, Wisconsin, HPS has an independent network of 100+ hospital facilities and 29,200+ individual providers. Contact Details Kaitlynn Cooney +1 609-351-5944 kcooney@brodeur.com Company Website https://paymedix.com

August 06, 2024 08:00 AM Eastern Daylight Time

NAVEX to Demystify IT Risk Communication at ISACA GRC Conference

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, will deliver a key session at the upcoming ISACA Governance, Risk, and Control (GRC) Conference in Austin, Texas, August 12-14, 2024. The session, " Getting Our Wires Crossed: How to Speak IT Risk as a Compliance Professional," will be presented by Kyle Martin, Vice President of GRC Solutions at NAVEX, and Robert Clark, Chief Audit and Compliance Officer at Howard University. In an era where cybersecurity threats and regulatory pressures are at an all-time high, the ability to effectively communicate IT risks across organizational silos has become a critical skill for compliance professionals. Attendees can join the session, CS 7–4, on August 13th at 11:00 to gain valuable insights into: Understanding and translating risk and compliance terminology. Evaluating program maturity levels and their organizational implications. Assessing risks and controls across all business facets, including third-party risk management. Crafting compelling IT risk reports for executive teams and board directors. "In today's interconnected business environment, the ability to translate IT risk insights into compelling narratives for CEOs is no longer optional—it's essential," said Kyle Martin. "As a result, this session aims to empower compliance professionals with the tools they need to navigate this critical intersection confidently." The ISACA GRC Conference, now in its 11th year, brings together leading minds in governance, risk management, and control to provide world-class content and practical guidance. NAVEX's participation underscores its commitment to advancing the field of integrated risk and compliance management. For more information about NAVEX's participation in the ISACA GRC Conference 2024 or to schedule an interview with the speakers, please contact Senior Public Relations Manager, Scott Levesque at scott.levesque@navex.com. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

August 06, 2024 08:00 AM Eastern Daylight Time

Cointelegraph and CryptoQuant Research Reveal TRON's Inelastic Activity, Maintaining Stability

TRON DAO

Geneva, Switzerland - August 5, 2024 - Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous rise in network activity and emphasize TRON's high transaction speeds, scalability, and cost-effectiveness, which make it a preferred blockchain network for everyday transactions. Cointelegraph Research Cointelegraph’s research provides an in-depth analysis of the TRON ecosystem and key features of the blockchain. The report reveals that, unlike other blockchains driven by incentive programs and speculative trends, TRON’s network activity is anchored by a robust and stable demand, creating a reliable source of protocol revenues. The research also highlights that the demand for USDT and other token transfers on TRON is remarkably inelastic, maintaining stability regardless of market sentiment. Key Highlights: Strong growth in active addresses is further evidence of organic adoption. TRON exceeds all of its direct competitors with over 2M daily active wallet addresses. According to data from DefiLlama, TRON has replaced the BNB Chain as the L1 with the second-highest TVL. As of June 2024, TRON is the second-largest blockchain in terms of stablecoin transfer activity. A 15% increase in market cap was noted in Q1, alongside a record revenue of $128.1 million in the first quarter, ranking it among the top revenue-generating blockchain networks. Read the full research report from Cointelegraph here. CryptoQuant Research CryptoQuant's research report offers an in-depth analysis of the TRON network, examining its fast transaction speeds and the TRC-20 USDT stablecoin activity. On-chain data reveals that most holders on TRON are classified as retail or small holders who use TRC-20 USDT for everyday transactions. Key Analysis: TRON’s key advantages are its high scalability and transaction speed. The network is capable of processing up to 2,000 transactions per second (TPS), significantly higher than Ethereum’s 119 TPS (excluding Layer-2). TRON achieves high transaction speeds through its efficient DPoS mechanism and integration with BitTorrent for distributed storage. Contrary to other blockchains, it does not rely heavily on external scaling solutions, making TRON suitable for various types of transactions, even large-scale applications and high-traffic environments. Most holders of USDT on TRON could be classified as "retail" or small holders. There are over 52.6M million small holders who were responsible for 28% of USDT transactions on the TRON network as of July 2024. CryptoQuant's report highlights that TRON excels in handling both large and small transactions. However, it is particularly favored by retail users for fast, frequent, low-value transactions such as remittances, micropayments, and peer-to-peer transfers. The strong participation of retail users highlights TRON's practicality and cost-effectiveness. With a steady increase in transaction volume and network activity, TRON is enhancing liquidity and overall network health. Read the full report from CryptoQuant here. The combined insights from Cointelegraph and CryptoQuant highlight TRON's robust network activity and the stable demand for TRC-20 USDT. Together, these reports illustrate TRON's leading role in advancing the practical use of digital assets, enhancing liquidity, and promoting the overall health of the blockchain ecosystem. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2024, it has over 247 million total user accounts on the blockchain, more than 8 billion total transactions, and over $22 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

August 06, 2024 12:18 AM Eastern Daylight Time

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New Co-CEO Of Brand Engagement Network Talks Future Of AI

Benzinga

By Johnny Rice, Benzinga Paul Chang, co-CEO of Brand Engagement Network, Inc. (NASDAQ: BNAI), or BEN, was recently a guest on Benzinga’s All-Access. BEN is a provider of conversational AI technology and human-like AI avatars. The company delivers highly personalized AI engagement with a focus on industries where there may be a large workforce gap and an opportunity to transform how consumers engage with networks, providers, and brands. Chang was recently named co-CEO and spoke with Benzinga about his exciting vision for the company. Watch the interview here: Featured photo by Mathew Schwartz on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 02, 2024 08:45 AM Eastern Daylight Time

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