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

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.

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