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:
?@Tronfoundation $TRX total daily transaction count crossed the 9M mark and set a new all-time high of 9.27 million. This rate grew by 522% over the past year.
?https://t.co/Dcu4Ehngq1 pic.twitter.com/Rg3vOZxWkE
— CryptoRank Platform (@CryptoRank_io) July 7, 2021
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.
10 million transactions per day on #TRON is coming! Guess when? #TRX
— Justin Sun ?? (@justinsuntron) July 7, 2021
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.
(1/3)?As of 23:00, July 2, 2021 (HKT) #TronNetwork #TVL equals 7.8 Billion USD!
?#TRON TVL(Total Value Locked) Inquiry Function Now Live.
?Welcome to experience and find your valuable data in one click on @TRONSCAN_ORG?️
?️#DeFi on #TRON growing fast! pic.twitter.com/EP48NwdaIx
— Justin Sun ?? (@justinsuntron) July 2, 2021
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 TRC20–USDT 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.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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