Cryptocurrency analysis firm CryptoQuant has released a new analysis containing remarkable data regarding the Tron (TRX) network. According to the statement, the total number of transactions performed on the Tron blockchain has exceeded the 10 billion threshold.
According to CryptoQuant data, the average daily transaction count on the Tron network is around 8.4 million. This figure makes Tron one of the most active networks in the industry in terms of transaction volume. The analysis noted that there were significant increases in network activity, especially during the bull market periods in 2021 and 2023, while the transaction volume continued to grow steadily in general.
On the other hand, when we examine Tron's price performance, we see that it has experienced a 3.8% increase in the last month. However, the coin's price is trading at $0.245, approximately 44% lower than its all-time high of $0.44.
Founded by controversial cryptocurrency figure Justin Sun, the Tron network is particularly known for hosting stablecoin transactions. A significant portion of the trading volume of the world’s largest stablecoin, USDT, occurs on the Tron network.
*This is not investment advice.
