Bitcoin News

TRON network transactions has surpassed $4 billion

The total amount of transactions on the TRON network exceeded $4 billion, based on data acquired by the Tron blockchain explorer, Tronscan. One of the things that made the network popular was its capacity to provide lower transaction fees with faster speed than Ethereum [ETH].

Image Source : Tronscan

The TRON network ranked sixth among the most valuable smart contract platforms, according to Messari. The market value of Tron was likewise $6 billion. This was the motivation behind coins like Poloniex, Cardano, and Ethereum.

The network has a Total Value Locked (TVL) of more than $5.6 billion, according to statistics obtained by DefiLlama. The TVL also increased by 0.89% over the previous 24 hours.

In June, the TVL fell to about $3 billion before increasing to more than $5 billion and remaining there in recent months. The picture below shows this.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.