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Blockchain News

Tron: Weekly Report and Important Data sets to give you Better Trading Ideas

TRON [TRX] recently published the most recent edition of its weekly report, which details how the network has performed over the last seven days. The report detailed all significant developments in the TRON ecosystem.

According to the report, the TRON blockchain has a height of 47.84 million. The total number of TRON network accounts has also reached 137,027,282.

Furthermore, the total number of TRON transactions reached 4.6 billion, with a total value locked in excess of $10 billion. TRX was also ranked second on the list of the top public chains by total value locked, trailing only Ethereum.

According to the report, a new feature has been added to TRONSCAN, a block explorer for the TRON network. With the new feature, users will be able to conceal small-amount transactions in transfer records.

Another significant development in the last few days was the adoption of TRON as St. Maarten’s legal tender. Access to TRON’s rapidly expanding and inclusive global ecosystem will benefit St. Maarten and increase the island’s appeal to outside tourists, who are critical to the local economy.

TRON made its investors happy over the last week by posting gains. TRX’s price increased by more than 4% in the last seven days, according to CoinMarketCap, and at the time of writing, it was trading at $0.06296 with a market capitalization of more than $5.7 billion.

Though the price performance was encouraging, TRX’s on-chain metrics did not appear to be in good shape. TRX’s 1-week price volatility has decreased significantly, which may have prevented it from registering higher gains.

The token’s social dominance has also decreased in the last week, indicating decreased popularity. Furthermore, development activity has decreased, which is a negative indicator. Nonetheless, TRX remained in demand in the derivatives market due to its relatively high Binance funding rate.

 

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