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Tron (TRX) smart contract goes inches to 1 Billion Milestone

TRON

The Tron (TRX) network is getting close to a new milestone of 1 Billion smart contract triggers. At press time, the smart contract on the Tron network has been triggered 928,793,650 times. In a tweet, Justin Sun, Tron’s founder and Chief Executive Officer, highlighted the potential of reaching this new milestone.

“According to @TRONSCAN_ORG, Smart Contract Triggers on #TRON network has surpassed 900M and reached 926,324,931,” he said.

Tron DApps raising the stakes higher

Many experts have attributed Tron’s smart contract leading to 1 Billion due to the massive rise in popularity of the DApps on the Tron network. Looking at DappRadar.com, it shows that 50% of the top ten most utilized DApps are on the Tron network.

Also, many of the top 50 most popular DApps recognized by DappRaddar are found on the Tron network.

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More focus on DeFi by the Tron Foundation

Based on DappRadar’s DeFi ranking category, the Just (JST) platform is topping the list, ahead of some popular Ethereum-based DeFi platforms such as Aave (LEND), MakerDAO (MKR), Compound (COMP), as well as Synthetix. As Tron DApps continue to be popular, Justin Sun is now aiming for the DeFi industry.

Furthermore, last month, Justin Sun revealed that the Tron Foundation will launch the Tron edition of Uniswap this month. The Tron-based platform, called ‘JUSTswap’ will be launched on August 17 while the Yield Farming will be launched two weeks later

#TRON‘s version of Uniswap “JUSTswap” will launch on Aug 17th 2) #USDJ & #JST yield farming will launch on Aug 31st,” he reiterated.

TRX market performance shows growth

The market performance of Tron is proof to show that Tron is on a bullish level in the market. It can be deduced that before today’s morning dip, Tron was on a bullish trajectory. Before a slight dip in the price of $0.01750, Tron (TRX) had gone up to $0.02135. After staying at that local peak level for some period, it pushed back to the $0.01750 support level before bouncing back to the $0.01940 value, which is its current value at the time of writing.

The fact is that Tron (TRX) has dropped to as low as $0.00680 during the Coronavirus crash of mid-March. But the platform is recovering from the mid-March dip and offered more than 3 times return for anyone quick to purchase early and dip back then.

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      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.