Wed, April 24

TRON (TRX) Releases Weekly Report Showcasing Last Weeks Statistics

Tron (TRX) Overtakes Shiba Inu (SHIB) As the 14th Largest Cryptocurrency Altcoin News
  • The total volume of TRON transactions has surpassed $7.8 billion.
  • TRON Mainnet now has 74,915,635 active accounts.

TRON operating system is built on blockchain technology and is designed to make it functional in the real world. TRON’s network, in contradiction to Bitcoin’s and Ethereum’s, claims to be able to process 2,000 transactions per second (TPS). According to CoinMarketCap, the TRON price today is $0.067913 USD with a 24-hour trading volume of $1,049,589,658 USD. TRON has been down 0.02% in the last 24 hours.

Read More: TRON Price Prediction

For investors interested in keeping up with the progress of the TRON project, the weekly report is out. When it comes to the network’s technological advancement, a parachain integration mechanism has been designed. The solidity compiler v0.8.7 was also examined for recursive proof composition.

Furthermore, it noted testing of the newly created parachain integration and research on zk—snarks—based rollup. The last task is to enhance the performance of smart contract TVMs.

Highlights of TRONs Performance Last Week

Aside from that, the weekly report made notice of the underlying statistics. With 5106 nodes spread throughout the network, the TRON blockchains’ height has reached 37.77 million. TRON Mainnet now has 74,915,635 active accounts, with 1,147,642 created only this week.

The total volume of TRON transactions has surpassed $7.8 billion, with 18.89 million additional transactions added to the 2.82 billion total last week. Regarding community updates, the report mentioned the recent Lunar New Year’s Eve, where Justin Sun sent his greeting to the community, and the DAO discord server is now available. 

Furthermore, according to TRONSCAN, TRON’s overall number of accounts passed the 74 million mark on January 30. TRX’s market valuation was $6 billion in the last week, while its trading volume was $4.8 billion, according to the study. In the previous week, TRX opened at $0.061 and the most significant price rise indicated 9.32 percent.

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.