The story of Tron’s promising growth amid a bearish market

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Tron saw considerable improvements in on-chain activity and liquidity in recent weeks, driven in part by high-profile collaborations.

Most importantly, Tron saw considerable improvements in its network traffic. Over the last few weeks, an average of 5 million daily transactions were executed on the network, as per data from Tronscan.Notably, the growth in transaction count over the last month was majorly driven by a 39% increase in smart contracts triggered.

The TVL has been steadily rising over the past two months as shown below. Tron logged a decent growth rate of 2.23% over the last month. In contrast, other major smart contracts networks likeTron’s steep TVL growth in 2023 could be attributed to its vast reserves of stablecoins. At the time of publication, Tron’s stablecoin market cap was $45.14 billion, representing a 34% increase on a year-to-date basis.

The collaboration was expected to unlock new possibilities for TRON enthusiasts. Leveraging the model, users could mint AI-generated NFTs and interact with an AI chatbot.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monday's 'fake ETF' story suggests a spot ETF approval will move the marketAnalysts remain divided on whether the approval of a spot BTC ETF is factored into Bitcoin's current price after Monday’s ‘fake approval’ story led to a market-wide rally.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »