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TRON’s weekly round-up with its metrics to make sense of market condition

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TRON launched a new stablecoin and collaborated with SushiSwap to launch an AMM. Its TVL witnessed a spike while the number of TRX transactions declined. Despite turbulent market conditions, TRON [TRX] made great strides in terms of development. Notably, on 15 December, the network launched a new Yuan stablecoin with the help of TrueUSD. 🧐Learn […]

The stablecoin will be pegged to the Chinese Yuan and will be deployed on the TRON blockchain.

The sentiment of the crypto community towards the network improved as well. For most of last month, the sentiment against TRON was mostly negative, however, it improved in the last few days. For instance, the number of transactions being made on the network declined significantly. According to data provided by TRONSCAN, the number of daily network transactions decreased from 7.5 million to 6.3 million over the last two weeks.

 

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