TRON Reports Showing Significant Progress Despite Market Conditions

TRON

As the whole crypto market slowly slides into a slump, the Tron blockchain is celebrating surprisingly impressive figures. With their latest weekly report, the blockchain network detected more than 7 million transactions that happened this week.

The New Report

The Tron Foundation has released its weekly report for 11.16-11.22. Within, the report elaborates on the significant strides Tron has made compared to last week. The forefront of the report sings the praises of Tron’s latest technical developments, making special mention of Dapp and on-chain data records.

This development entails complete documentation and integration of things like Java-Tron signature verification, TVM Grayscale testing, and one-click blockchain functionality.

By the Numbers

Tron’s on-chain data regarding the number of users, block height, and amount of transactions have taken a noteworthy improvement in comparison to last week. The report states that Tron’s blockchain height has gone over the 14.68 million milestone. What’s interesting to note is that the blockchain nodes still number at 988.

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The report states that the amount of new addresses totals 61,000. With this in tow, the amount of user accounts on the Tron blockchain totals to 4.175 million.

Tron maintains one of the largest Dapp networks in the blockchain industry. The number of Dapp addresses that are still active have reached the 256,400 mark within the blockchain. With these Dapps, 4.43 million transactions were facilitated, giving a trading volume of $27.67 million. This consistent growth is in spite of the recent market downturns of the crypto industry as a whole.

The Tron foundation has recently announced opening up 40 new job positions within the foundation’s ecosystem. The jobs cover almost all sectors of the company, stretching through HR, Engineering, Marketing and Operation, and Legal divisions.

A Clever CEO

Binance’s CEO, Justin Sun, is known to the crypto community as a massive hyper of his own network. As a testament to this, Justin Sun had recently revealed that he was ranked the most populous blockchain network by none other than Coin Voice.

For the majority of people who don’t know, CoinVoice is a Chinese Media outlet that handles news regarding Cryptocurrencies. The platform is, as far as can be gleaned, a somewhat obscure media outlet. Justin Sun is clever enough to play the general opinion of the public to make this sound a lot more credible than it actually is. As one Twitter user points out, Tron is still ranked 11th on CoinMarketCap.

Love or hate him, Justin Sun and his owned companies have a significant role to play within the Blockchain world. Whether or not it’s as large as the company and Sun say it is, is far more debatable. Justin Sun has proved himself resourceful, albeit dubiously so.

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About Ali Raza

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.