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.
📢#TRON Weekly Report 1.16 – 1.22
✅#TRON blockchain high exceeded 47.84 million.
✅ The total number of accounts #TRON reached 137,027,282.
✅ The total number of transactions #TRON reached 4.69 billion.
✅ The #TVL On #TRON reached $10.8 billion.https://t.co/skdfOwprnr— TRONDAO (@trondao) January 26, 2023
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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.
TOP-15 #Public #Chains locked by total value $FIL $FX $ALGO $ETH #ETH $BNB #BNB $TRX #TRON $MATIC $AVAX #AVAX $CRO $OP $FTM $SOL $XIN $DFI $KAVA $OSMO #TVL pic.twitter.com/HLbElOphwr
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) January 26, 2023
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.
Realistic or not, here it is TRX Market Cap in BTCs requirements
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
This post Tron: Weekly report and key data sets to give you better trading ideas
was published first on https://ambcrypto.com/tron-weekly-report-and-important-data-sets-to-give-you-better-trading-ideas/
