Thursday, October 28, 2021
Home Crypto News Market TRON Milestones: Total Daily Transactions Crossed 9M Mark, TRX Unique Addresses Passed...

TRON Milestones: Total Daily Transactions Crossed 9M Mark, TRX Unique Addresses Passed 45M And More

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TRON transactions hit a new all-time high as Justin Sun set the next milestone of 10 million transactions per day. The total value of the Tron blockchain has exceeded $8 billion.


The TRON blockchain network is showing good signs of growth, reaching important milestones in recent weeks. Daily transactions on the TRON blockchain have reached a new all-time high, increasing 500 percent over the past year.

According to TRON data tracking platform Tronscan.org, the blockchain currently processes over 9 million transactions in a single day.

CryptoRank tweet:

 

This takeoff speaks volumes about the growing popularity of TRON in the crypto space. Taking the next challenge, TRON co-founder Justin Sun stated that the blockchain will soon start processing 10 million transactions every day.

In addition to this massive increase in daily transactions, the number of unique addresses has also increased significantly. There are currently over 45 million addresses on the blockchain network, according to Tronscan data. 

TRON’s DeFi ecosystem is showing strong growth, with the Total Locked Value (TVL) exceeding $8 billion last week. However, it has declined slightly since then, and is now worth $7.4 billion, according to Tronscan.

Justin Sun shared a tweet mentioning Tron Defi TVL.

stromgain

The TRON blockchain network offers support multiple stablecoins and continues to grow. USDT Tether continues to dominate its peers with a $32 billion circulating supply.

TRON founder Justin Sun said:

“TRON is known to have many successful cases of stablecoin issuance, with TRC20-USDT as the most widely known case; the steady increase of TRC20USDT circulation supply and unique addresses are adequate proof of the demand for stablecoins.”



On the other hand, the Circle stablecoin USDC has seen significant gains. In less than a month, USDC circulating supply on TRON has exceeded 108 million. As such, TRON is becoming a popular choice for traders due to its low transaction fees.

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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