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Tron Hunter Transactions Swell 500%

Posted by
Ian Kane

Unique cut-and-run feature

Tron Hunter has seen a new wave of users enter its platform and thanks to that increase the number of transactions on the platform increased 544% to more than 15,320. The platform is best described as a yield farming and investment platform running on the Tron network that offers users a cut-and-run feature.

As investors continue to hunt for the best yields and cheapest transactions on the blockchain. Tron DeFi dapps are fighting for relevance amidst a tidal wave of new dapps arriving on both BSC and the Polygon network. 

In the last 7 days, the number of unique active wallets interacting with the dapps smart contracts has risen by 307% to over 8,200. In turn, generating over 15,000 transactions and a volume of $12,400. Interestingly, that makes an average transaction on Tron Hunter worth around $80. 

That average transaction value is chump change in the grand scheme of things. Similar platforms like DFYN on Polygon, which also offers a cut-and-run feature, have an average transaction per user of over $8,000. Nonetheless, Tron Hunter’s performance in the last 7 days warrants further investigation to understand what is driving activity. 

What drives the traffic

At its core, the platform offers users the ability to earn TRX, the native token of the Tron blockchain. Deposit periods range from a minimum of 14, 21 and the current maximum of 28 days. Simply put, users deposit TRX to earn TRX. Given that TRX has been rising in the last few days after the recent dip this move appears fairly well placed by TRX holders looking to top up their pot. 

As mentioned, one interesting feature also starting to appear on other yield farming platforms is a cut-and-run feature. The feature is designed for users that may have a need to suddenly pull their tokens. However, selecting cut-and-run will take 50% of your deposit and end your stake. Furthermore, any withdrawals will be included in your cut-and-run amount. 

An interesting mechanic given the recent situation some yield farmers may have found themselves in during the dip. This feature offers users the ability to break the set depositing period and snatch 50% of their invested amount back. As mentioned, the feature is starting to appear more and more and it will be interesting to see if it becomes a mainstay in the DeFi world. 

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