Cryptocurrency Analysis Firm Cryptoquant has released a new analysis that includes notable data on the Tron (TRX) network. The total number of transactions carried out on the Tron blockchain exceeds the 10 billion threshold, according to the statement.
According to encrypted data, the average number of transactions per day on the Tron network is around 8.4 million. This diagram makes Tron one of the most active networks in the industry in terms of transaction volume. The analysis noted that while network activity increased significantly during the bull market periods of 2021 and 2023, transaction volumes generally continue to grow steadily.
Meanwhile, looking at Tron's price performance shows that it had an increase of 3.8% last month. However, the coin is trading at $0.245, about 44% lower than the all-time high of $0.44.
Founded by the controversial cryptocurrency figure Justin Sun, Tron Network is particularly known for hosting Stablecoin transactions. The majority of the trading volume of USDT, the world's largest Stablecoin, occurs on the Tron network.
*This is not investment advice.
