TRON’s weekly report highlighted the network’s updated stats.
Despite recording price gains, TRX’s stats performance has been sluggish.

TRON [TRX] recently released the latest edition of its weekly report, revealing how the network has performed over the past seven days. The report listed all the notable developments that took place in the TRON ecosystem.

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Here are the updates

According to the report, the height of the TRON blockchain exceeded 47.84 million. The total number of accounts on the TRON network also reached 137,027,282.

In addition, the total number of transactions on TRON reached 4.6 billion, and the total locked value exceeded $10 billion. Interestingly, TRX also ranks second on the list of the top public chains by total locked value, behind only Ethereum.

The report also revealed that a new feature has been added to TRONSCAN, a block explorer for the TRON network. The new feature allows users to hide small transactions in transfer records.

Another important development that took place in recent days was the fact that TRON released the legal tender for Sint Maarten. Access to TRON’s fast-growing and inclusive global ecosystem will benefit St. Maarten and increase the island’s appeal to outside tourists, who are vital to the local economy.

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Weekly on-chain performance isn’t that promising

TRON has managed to make its investors happy by posting profits over the past week. From CoinMarketCapthe price of TRX is up more than 4% in the last seven days and at the time of writing it is trading at $0.06296 with a market cap of over $5.7 billion.

While the price performance was promising, TRX’s on-chain stats didn’t look healthy. The 1-week price volatility subsided significantly, which may have prevented TRX from posting higher profits.

The token’s social dominance has also declined over the past week, indicating less popularity. In addition, development activity also declined, which was a negative signal. Nevertheless, TRX remained in demand in the derivatives market as the Binance funding rate was relatively high.

Source: Sentiment

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