Tron Network Sees Record-Breaking Daily Transaction Count
Login

Tron Network Sees Record-Breaking Daily Transaction Count

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Tron Foundation, the host organization behind the Tron (TRX) blockchain, has recorded an unparalleled spike in user interest. According to an official report via Twitter, the organization revealed that the net daily transaction count on the Tron network touched a new all-time high on Wednesday.

The transaction counting tool monitors all sent and received transactions in all active TRX accounts. The Tron network recorded a total of 9,298,611 transactions on July 28. The network recorded its previous high of 9,278,050 transactions on July 6. The tweet from the official TRX handle noted that:

“The number of daily transactions on #TRON reached 9,298,611 on July 28, setting a new record high!!!

#TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.”

Reports show that this hawkish development got triggered by two factors. Firstly, the recent spike in interest in GameFi protocols played a crucial role in TRX’s network activity jump.

GameFi protocols, in a way, merge the benefits of decentralized gaming, DeFi protocols, and NFTs. Tron emerged as the most preferred platform for decentralized games, gambling profits, and high-risk schemes.

The second catalyst is the recent bullish recovery across the crypto market. Net market valuation has recorded double-digit gains for the past few days.

Key Tron Levels to Watch — July 30

TRX is on an overt bullish momentum as the crypto market regains bullish traction. That said, the twenty-fifth-largest cryptocurrency suffered a sharp drop from the $0.0640 resistance on Monday to the $0.0566 support.

TRXUSD – 4-Hour Chart

TRX is now on a rebound to retest the $0.0640 resistance as buyers pile on. Failure to clear the $0.0640 level over the coming hours or days could send the cryptocurrency below the $0.0600 support, followed by another rebound.

Meanwhile, our resistance levels are $0.0640, $0.0650, and $0.0700, and our support levels are $0.0600, $0.0566, and $0.0500.

Total Market Capitalization: $1.54 trillion

Tron Market Capitalization: $4.32 billion

Tron Dominance: 0.28%

Market Rank: #26

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News