Connect with us

Altcoin

Uncovering the effects TRON’s latest update had on TRX

Published

on

Uncovering the effects TRON’s latest update had on TRX
Source: StockAI


  • TRON released its Aristotle update that came with multiple new features. 
  • TRX’s performance on the price and metrics fronts looked optimistic.

TRON [TRX] recently released its latest Java-tron GreatVoyage-4.7.0 (Aristotle), which increased the network’s capabilities. It was a mandatory update that contained a few important features. 


Read TRON’s [TRX] Price Prediction 2023-24


The update came with a new stake mechanism, Stake 2.0, which improved the flexibility of the resource model and the stability of the stake system. Compared with the current Stake 1.0 model, Stake 2.0 has been improved in several aspects, such as resource fragmentation management, unstaked TRX, and more.

It also introduced a dynamic energy model that helped promote an ecologically balanced development. Moreover, GreatVoyage-v4.7.0 (Aristotle) added a transaction hash cache, which would be directly obtained from the cache when used.

This is how TRX responded 

TRX registered promising gains on its chart, as its price surged by 15% in the last seven days. Moreover, its daily chart was also green. CoinMarketCap’s data revealed that at the time of writing, TRX was trading at $0.06231 with a market capitalization of over $5.7 billion.

TRON was also pretty active in terms of burning tokens, which aligned with its deflationary characteristic. As of 16 January 2023, 13,397,590 TRX had been burnt, with a net production ratio of -8,332,487.

Interestingly, TRON was also on the list of the most visited coins in the last seven days at the time of the tweet, which further proved the token’s popularity in the crypto space. 


Is your portfolio green? Check the TRON Profit Calculator


TRX’s performance on the metrics front

TRON’s popularity was also proven on the metrics front, as its social dominance remained relatively high over the last week. Not only that, but TRX’s development activity also went up during the last few days. However, this could be attributed to the new update.

TRX’s NFT ecosystem also witnessed a growth in the last few days as the total number of NFT trade counts increased. LunarCrush’s data pointed out that while TRX’s price increased, its market dominance went up by 9% in the same period.

Source: Santiment

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.


Please select your Email Preferences.

Ser Suzuki Shillsalot has 8 years of experience working as a Senior Investigative journalist at The SpamBot Times. He completed a two-hour course in journalism from a popular YouTube video and was one of the few to give it a positive rating. Shillsalot's writings mainly focus on shilling his favourite cryptos and trolling anyone who disagrees with him. P.S - There is a slight possibility the profile pic is AI-generated. You see, this account is primarily used by our freelancer writers and they wish to remain anonymous. Wait, are they Satoshi? :/

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.