Tron: Weekly report and important data sets to give you better trading ideas

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  • TRON’s week­ly report high­light­ed the updat­ed sta­tis­tics of the network. 
  • Despite reg­is­ter­ing price gains, TRX’s per­for­mance on the met­rics front was sluggish. 

TRON [TRX] recent­ly released the lat­est edi­tion of its week­ly report, reveal­ing how the net­work has been per­form­ing dur­ing the last sev­en days. The report men­tioned all the notable devel­op­ments that hap­pened in the TRON ecosystem.


Is your port­fo­lio green? Check the TRON Prof­it Calculator


Here are the updates

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

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

The report also revealed that a new fea­ture was added to TRONSCAN, which is a block explor­er for the TRON net­work. Users will be able to hide small-amount trans­ac­tions in trans­fer records with the new feature. 

Anoth­er major devel­op­ment that hap­pened in the last few days was the fact that TRON became the legal ten­der for St. Maarten. Access to TRON’s quick­ly grow­ing and inclu­sive glob­al ecosys­tem will ben­e­fit St. Maarten and increase the island’s appeal to tourists from out­side, who are vital to the local economy. 


Real­is­tic or not, here’s TRX mar­ket cap in BTC’s terms


Weekly on-chain performance is not as promising

TRON man­aged to make its investors hap­py over the last week by reg­is­ter­ing gains. As per Coin­Mar­ket­Cap, TRX’s price increased by more than 4% in the last sev­en days, and at the time of writ­ing, it was trad­ing at $0.06296 with a mar­ket cap­i­tal­iza­tion of over $5.7 billion. 

Though the per­for­mance on the price front was promis­ing, TRX’s on-chain met­rics did not look in a healthy state. Its 1‑week price volatil­i­ty decreased con­sid­er­ably, which might have restrict­ed TRX from reg­is­ter­ing high­er gains. 

The token’s social dom­i­nance also decreased over the last week, reflect­ing less pop­u­lar­i­ty. Fur­ther­more, the devel­op­ment activ­i­ty also declined, which was a neg­a­tive sig­nal. Nonethe­less, TRX remained in demand in the deriv­a­tives mar­ket as its Binance fund­ing rate was rel­a­tive­ly high.

Source: San­ti­ment



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