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].
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.
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