Home TRON News Justin Sun's TRON Set to Capture the Market Attention

Justin Sun’s TRON Set to Capture the Market Attention

Justin Sun's TRON Set to Capture the Market Attention

  • The TRON foundation released their weekly report.
  • The report Highlights achievement of tron and it’s technical Development.
  • The report claims that Tron’s blockchain has crossed over 15.28 million milestones.

When the whole picture of cryptocurrency is quite disappointing, the blockchain shows significant progress despite the market conditions. With their latest report presented by TRON, the network was able to capture more than 3.38 million transactions this week.

The report describes the impressive figures TRON has made and praises about Tron’s latest technical advancements, taking care of Dapp and on-chain data systems like shielded transaction and one-click blockchain deployment.

On Chain Report

TRON’s on-chain data recorded based on the number of users, block height, and amount of transactions have a considerable raise compared to last week. The Tron weekly report claims that Tron’s blockchain has crossed over 15.28 million milestones. Interestingly, the blockchain nodes are still number at 911. The amount of new addresses has totaled over 37,672 in the past week. Therefore, the amount of user accounts on its blockchain has crossed over 4,282,479. The number of transactions on the TRON network crossed 826 million.

Tron DApp Review

Tron has the most extensive Dapp networking system in the blockchain industry. This week numbers of active Dapp addresses have reached 645 with the growth rate of 0.9% as compared to last week, and with the dapp networking system, 3.68 million transactions hosted, taking the trading volume to $28.41 million. This is surprising as the market is facing severe downturns as a whole.

As per DappReview, Tron received over 200k visits in the last week while other cryptocurrencies like ETH and EOS both remained behind with around 100k visits.

Community Update

BitTorrent December airdrop for Tron Holders completed. China Electronic Information Industry Department (CCID), in its latest issue of Global Public Blockchain Technology Assessment Index, ranked TRON among the world’s top three major DApp platforms, joining the ranks of EOS and Ethereum. Moreover, TRON ranks first among other Chinese public chain projects, living up to its reputation as China’s NO.1 public chain.

Justin Sun has shown that his companies remain to be the significant players within the blockchain world. China’s influential media Jinse Finance organized “Keeping Pace with the Times” shortlisted Justin sun to be the Outstanding Industry Contributor of 2019. He has proved himself resourceful despite the capacity of his owned company. He was shortlisted to be the most popular IP of the blockchain industry.

According to TRONSCAN, the total number of addresses has risen from 4190559 to 4257369 over the last two weeks. Data from DAppReview indicates that TRON based Dapp received over 200k visits this week, while ETH and EOS received only 100k visits.

Mainstream Adoption

NetEase, a well-recognized Chinese media, has recently published an article about Tron to be China’s No.1 blockchain making its debut under Global Spotlight. The report claims that Samsung now supports TRC10 and TRC20 standards, which means that developers all over the globe can now operate on Dapps in Samsung mobile wallet by downloading the SDK.

An Arabian media Ar.Oxzx.com published in their latest reports that only BTC was more widely accepted than TRON on twitter as per cointrend.

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

Utilizing blockchain to screen the COVID-19 vaccine supply chain

Blockchain offers a changeless, decentralized information base that can enable all gatherings to ensure that antibody supplies are being put away and...

Leaked Citibank details Reveals Bitcoin Could Rocket To $300,000 Price By End Of 2021

Bitcoin has detonated in the most recent couple of weeks, adding to increases through 2020 that is seen more than twofold in...

Airbnb plays blockchain popular expression bingo in $ 1B IPO documenting with SEC

Crypto firms are genuinely attempting to restore the gravely hit travel area utilizing conveyed record innovation. The record rolls out an elite of...

The Cryptocurrency Mining Equipment market is skyrocketing

Stratagem Market Insights added an overview of the Cryptocurrency Mining Equipment MarketThe insider report covers various aspectsDifferent methodology to study the competitive...

Bitcoin Cash Under Pressure Slips -0.95% After Split Into Two Blockchains While BCHA Emerges as Positive Performer

Bitcoin Cash builds the Symmetrical triangle pattern, on daily chart faced rejection from the resistance and bounces from the support line  The pair...

What is the Next Move of Ethereum Retracing From Resistance of $495.00?

Ethereum consolidating between the range of $445 to $490 after making a new 52-week high of $492 trading at the mark of...

Related News

Daily Movers of Cryptomarket: BNB, LINK, ICX, TRX

The bullish rally in the overall market is still prevailing on Tuesday’s trading session with the majority of the cryptoasset performing positive The...

Tron Drives Positive With the Overall Market Conditions Amid Consolidation

Tron performed positively on Friday’s trading session within the consolidation price range However, the TRX/BTC pair is still negative with a loss of...

TRX Bulls Emerges With A Strong Positive Breakout Targeting $0.030

Tron emerged with a strong bullish move on Saturday’s market session reaching the level of $0.028The bullish move has broken the consolidation...

TRON founder Justin Sun Announces Launch of Sun Genesis Mining

The SUN Genesis mining will officially kick-start on September 2, 2020The total supply of SUN will be 19,900,730SUN, being completely community-driven, focuses...

Ethereum founder Vitalik Buterin’s Latest Tweet is a Jibe at Tron founder Justin Sun

The clash between Vitalik Buterin founder of the cryptocurrency platform TRON and the current CEO of BitTorrent is once again making headlines. Vitalik...