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Important Milestone in Surprise Altcoin: Total Transaction Count Exceeds 10 Billion!
Crypto analytics firm CryptoQuant has published a new analysis containing striking data about the Tron (TRX) network. According to the statement, the total number of transactions conducted on the Tron blockchain has surpassed the threshold of 10 billion.
According to CryptoQuant data, the daily average number of transactions on the Tron network is around 8.4 million. This figure makes Tron one of the most active networks in the industry in terms of transaction volume. The analysis points out that there were significant increases in network activity during the bull market periods, especially in 2021 and 2023, while it was noted that the transaction volume continues to grow steadily overall.
On the other hand, when examining Tron’s price performance, we see that it has experienced a rise of 3.8% in the last month. However, the coin's price is trading at approximately 44% lower than its all-time high price level of $0.44, at $0.245.
The Tron network, founded by the controversial crypto figure Justin Sun, is particularly hosting stablecoin transactions. A significant portion of the trading volume of the world's largest stablecoin, USDT, takes place on the Tron network.