đ¶ Tron (TRX) Achieves Deflationary Status, Removing 2.41 Billion Tokens from Circulation
đ Tron (TRX), the ninth-largest cryptocurrency by market cap, has become a deflationary asset in 2024. Data shows that over the past 12 months, 2.41 billion TRX tokens, worth approximately $381.2 million, have been removed from circulation. This reduction has decreased the net TRX supply from 88.97 billion to 86.56 billion coins, resulting in a 2.93% deflation rate.
đŻ The deflationary mechanism on the Tron network works similarly to Ethereum's EIP 1559, where users burn TRX to pay for transaction resources. This process aims to protect TRX from inflation and prevent network resource abuse. Tron founder Justin Sun expressed confidence that this trend will continue.
âčïž Meanwhile, the no-code meme coin launcher SunPump has contributed to increased network activity, recording over 90,000 meme coins created and nearly 35 million TRX in associated network fees.
đŹ Which crypto do you think will be the next to achieve deflationary status, and how might this impact its value?
$TRX
#TRX/USDTâ€ïž #TrxFreeMine #TRONBOOST #TRONICS!đ„đ„ #TRONAchievement
