**Crypto News: Altcoin Analysis – “This Altcoin Leads in Transaction Volume”**
According to a recent announcement from the cryptocurrency analytics firm CryptoQuant, a particular altcoin has emerged as the leader in transaction volume.
**Author: Mete Demiralp**
**Date: 02.11.2024 – 17:13**
**Update: 11 hours ago**
CryptoQuant has reported a significant increase in transaction activity for TRON (TRX), positioning it at the forefront among major altcoin blockchains. As of October 30, TRON accounted for 43% of the total transaction volume across altcoin networks, highlighting its rising popularity.
In October alone, TRON facilitated 230 million transactions, with a notable spike on October 24, when the network reached a peak of 10.46 million transactions—a 25% increase over its 30-day moving average.
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This uptick in transaction activity reflects TRON’s earlier successes in 2024, where it frequently surpassed competitors in trading volume. However, between August 25 and October 5, TRON saw a dip in its dominance due to intensified competition from other networks.
CryptoQuant indicates that TRON’s trading supremacy appears to be reestablished and is expected to maintain its leadership in the altcoin market. The firm also pointed out that historical patterns indicate the potential for TRON to uphold its position as the leading altchain for transaction processing.
*Please note that this is not investment advice.*
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