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Tron {TRX} Reaches 500 Million Smart Contract Triggers on Network

TRONSCAN, a Tron network block explorer, reported a new Tron milestone: the network has reached 500 million smart contract triggers.

The organisation posted this image on its Twitter:

Their finding was retweeted by Tron CEO and founder, Justin Sun. Tron community members, who are referred to as ‘Tronics’ were happy with the announcement. It furthered their conviction that Tron is much ahead of other blockchain platforms in terms of mass-scale adoption. A major issue faced by blockchains currently is achieving high scalability and ensuring a high rate of transactions per second (TPS). A Twitter user believed that Tron is a platform which has achieved this and is a working chain ready for mass consumption.

Tron’s cryptocurrency, TRX, is currently trading at $0.0203 but ranks #12 among all cryptocurrencies in terms of total market capitalisation.

Tron has been leading in DApp Usage

Last week, according to data produced by DAppReview, Tron is leading in terms of 24-hour trading volume on its DApps (decentralised applications). It has surpassed Ethereum and EOS, both of whom host DApps on their blockchains.

DAppReview, an organisation which, among other things, provides on-chain data analytics published this data last Friday on their Twitter, and it was quickly reshared by the founder and CEO of Tron, Justin Sun.

According to the data, the 24-hour trading volume on the Tron network was 642.5 TRX, worth $18.6 million USD. It thus overtook Ethereum, which was at 39,900 ETH, worth $9 million USD. EOS came second, with 2.5 million EOS being traded, worth $10.5 million USD.

 

 

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.