Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Tron Network Energy Doubles, Boosting Capacity for Meme Coins

Tron Network Energy Doubles, Boosting Capacity for Meme Coins

CoinEdition2024/10/23 16:00
By: Coin Edition
TRX-0.87%
Tron’s energy levels doubled in the past 3 months, increasing capacity for smart contracts. Higher energy reserves allow Tron to handle more transactions without network congestion. The rise in meme coins could be driving increased smart contract activity on the Tron network.
  • Tron’s energy levels doubled in the past 3 months, increasing capacity for smart contracts.
  • Higher energy reserves allow Tron to handle more transactions without network congestion.
  • The rise in meme coins could be driving increased smart contract activity on the Tron network.

The Tron blockchain network has experienced a significant increase in energy availability over the last three months. This increase allows more smart contract transactions without congestion cost spikes. Energy on the Tron network is essential for executing these transactions.

IntoTheBlock reports that the amount of energy has recently doubled. This rise suggests the network can handle more smart contract activities. More energy helps maintain transaction costs even during periods of high demand. Tron users need energy to perform actions like executing smart contracts and interacting with decentralized apps.

Staking TRX for Energy and Bandwidth

Energy and bandwidth are critical resources in the Tron ecosystem. Users must stake TRX, Tron’s native cryptocurrency, to gain these resources, supporting the network’s stability and efficiency.

The network allocates energy and bandwidth based on the amount of TRX staked, ensuring fair resource distribution among all users. Users can engage more with decentralized applications (DApps) without worrying about running out of energy.

The increase in network energy directly benefits meme coins on the Tron blockchain. These coins often rely on smart contracts for transactions and interactions. With more energy, developers can create and run more complex DApps, making the Tron network favorable for meme coin growth.

Staking TRX Increases Resources

Resource distribution depends directly on how much TRX a user stakes . The more TRX staked, the more energy and bandwidth the user receives, encouraging users to invest more in the network and strengthening the blockchain’s functionality.

Read also: SunPump’s Energy Surge: Tron’s Meme Token Engine Revs Up

Tron’s increase in energy resources comes at a crucial time. The blockchain industry is seeing rising interest in meme coins and DApps, requiring robust network support to handle growing transaction volumes and complex contract executions.

The doubled energy capacity on the Tron network improves its ability to support meme coins and other DApps, enhancing user experiences and expanding the blockchain’s capabilities.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,640.38
-0.72%
Ethereum
Ethereum
ETH
$4,646.15
+0.48%
XRP
XRP
XRP
$3.11
+1.32%
Tether USDt
Tether USDt
USDT
$1
+0.01%
Solana
Solana
SOL
$238.6
-1.20%
BNB
BNB
BNB
$929.67
+0.84%
USDC
USDC
USDC
$0.9997
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2874
+6.07%
Cardano
Cardano
ADA
$0.9239
+1.92%
TRON
TRON
TRX
$0.3491
-0.30%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter