By Shikha Singh
TRX Dominates Blockchain Efficiency with 218,000 TPR, Surpassing ETH, BTC.
Tron (TRX) has emerged as a highly efficient blockchain, outperforming Ethereum, Bitcoin, and other major networks in terms of transactions-per-second (TPR).
With a TPR of 218,000, Tron has become the leading platform for digital finance, video game payments, and stablecoin transfers.
The blockchain’s growing usage, especially for USDT transfers, highlights its value for quick and cost-effective transactions.
Tron’s ability to handle high transaction volumes at low costs has attracted both users and developers, positioning it as a strong contender in the blockchain space.
This growing adoption suggests positive potential for Tron’s future, particularly in practical business applications.
Meteora Becomes First DEX to Record $50 mn in 24HR Fees.
Solana’s decentralized exchange (DEX) scene is heating up, with Meteora emerging as a dominant player. Following the successful launch of the $TRUMP and $MELANIA memecoins, Meteora briefly overtook Raydium in both 24-hour fee generation and daily trading volume.
Meteora’s innovative Dynamic Liquidity Market Maker (DLMM) model has driven its success, particularly during the $TRUMP launch, where it generated over $50M in fees and handled $7.5B in volume, claiming 33.72% of the market share.
The platform’s success has sparked optimism within its community, with many believing Meteora has reinvented large-scale decentralized launches.
As part of the meteoric rise, its memecoin, $M3M3, saw a significant surge, driven by speculations about rewards for stakers and a possible airdrop of $TRUMP tokens. However, the $M3M3 token has since retraced after hitting highs of $0.15.
TON Blockchain Becomes Telegram’s Sole Crypto Infrastructure.
Telegram has signed an exclusivity deal with The Open Network (TON), making TON the sole blockchain for its ecosystem. All Mini Apps and games with cryptocurrency features must migrate to TON by February 21, 2025.
This partnership, aimed at enhancing user experience and reducing scams, also includes TON Connect as the exclusive wallet integration.
Telegram plans to offer up to $50,000 in grants for migrating projects. While this move aims to streamline operations, it has faced criticism for forcing developers to switch to TON and concerns about centralization.
US Court Overturns Sanctions Against Tornado Cash, TORN Price Jump 130%.
A U.S. court has overturned the U.S. Treasury Department’s sanctions against Tornado Cash, ruling that the Treasury acted beyond its authority. The court found that Tornado Cash’s immutable smart contracts could not be considered “property” and therefore could not be sanctioned. This ruling has set a legal precedent and allowed for appeals against similar decisions. Following the decision, Tornado Cash’s native token, TORN, surged by 130%, reaching a price of $17.74, with a significant increase in trading volume.
UAE Crypto Firm Admits to Wash Trading on Uniswap Following FBI Sting Operation.
CLS Global, a UAE-based crypto market maker, has admitted to orchestrating a wash trading scheme that manipulated trading volume on Uniswap, deceiving U.S. investors. The company, which had been operating since 2017, used automated algorithms to create fake market activity. CLS Global is expected to plead guilty to market manipulation and wire fraud charges, with penalties and forfeited assets exceeding $428,000. The FBI’s “Operation Token Mirrors” helped expose the scheme. CLS Global’s actions were part of a broader crackdown on market manipulation in the crypto industry.
Circle Scoops ‘World’s Largest’ Tokenized Money Market Fund Amid Sector Boom.
Circle has acquired Hashnote, the issuer of the world’s largest tokenized money market fund (USYC), which is backed by U.S. Treasury debt and reverse repurchase agreements, valued at over $1.25 billion. This move positions Circle to compete with Tether, which launched its own tokenization platform, Hadron, in November.
Circle has partnered with DRW subsidiary Cumberland to integrate USYC with its stablecoin, USDC, aiming to expand liquidity and adoption in both crypto and traditional markets.
The integration is expected to make USYC a preferred yield-bearing collateral for exchanges and brokers, helping to drive broader adoption in financial markets. The growing trend of real-world asset tokenization is projected to reach $50 billion in 2025.
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