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Analyzing how Tron holds its ground in the bear market

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Tron adoption was on the rise as both its total accounts and total transactions reached new highs. TRX was up by 6%, and a few indicators remained bullish.

TRONSCAN’s data revealed that the blockchain’s total accounts reached 184 million. Thanks to the increase in the number of accounts, Tron’s total transactions also surged and touched 6.4 billion, reflecting high usage of the network.

Artemis’ data revealed that the blockchain also excelled in the DeFi space. This was evident from the sharp rise in its TVL over the last few days.Not only was the blockchain’s network activity up, but the same was true for its development. Santiment’s chart revealed thatTron’s development activity contributor count also spiked quite a few times, which was a positive signal, reflecting developers’ efforts to improve the network.

 

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