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Tron Weekly Report: Tron catches up to Ethereum’s transaction count as BitTorrent Speed launch looms

Biraajmaan Tamuly

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The Tron community rejoiced to the recent announcement as it was revealed that the TRX token had re-entered the 10-top cryptocurrency list according to coinmarketcap.com, at press time with a market capitalization of $2.57 billion. Justin Sun, CEO of Tron Foundation, had also announced on Twitter that TRX perpetual contracts were now launched on BaseFEX futures exchange, among other developments in the Tron community.
Source: Pixabay


The Tron community rejoiced after the TRX token surged by 6% over 24 hours to re-enter the list of the world’s top-10 cryptocurrencies on CoinMarketCap. At press time, TRX had a market capitalization of $2.57 billion. Justin Sun, CEO of Tron Foundation, also announced on Twitter that TRX perpetual contracts had been launched on BaseFEX futures exchange, among other developments in the Tron community.

According to the Tron Weekly Report, Tron has finally caught up to its rival counterpart, Ethereum, and its daily cumulative transactions in only 1 year. The statistic is significant as it suggests that the rapid growth witnessed in the Tron community was actively improving in terms of adoption.

The report also stated that the Tron network currently had 1391 nodes, with an additional 26 nodes added over the past week. The block height exceeded 10.26 million, with over 3.16 million real-time accounts on the Tron network.

The total number of transactions was more than 470 million and the number of new transactions that took place this week was around 6.62 million.

DApp numbers on Tron remained impressive as the total number of DApps on Tron was 45 and the DApp DAU was 363,000. Further, the total number of transactions was 5.47 million, with the revenue turnover around $97 million.

In terms of TRX market trading, the market cap of Tron was $2.57 billion and the 24 hour trading volume was $5.28 million.

From a technical point of view, the report also suggested that the architecture of the network had improved demo on the network for log collection functions, adding that development plans for next week were to add a single test for network log collection functions.

Finally, the weekly report announced that the launch of BitTorrent Speed was coming closer and that BitTorrent and TRON protocol would revolutionize the idea of data storage for people, while further bolstering their privacy.





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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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