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Uniswap Still The Top Dog, But SushiSwap Isn’t Far Behind

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Uniswap has held the title of champion for a long time. But what started as a simple fork has evolved into a serious challenger. Yes, we are talking about SushiSwap which has emerged as a potential rival and has grown from just a clone to the third-largest decentralized exchange [DEX].

Originally popped out as a fork of Uniswap v2, SushiSwap was deemed a ‘lost cause’ by several notable market players the platform’s Co-creator ‘Chef Nomi’ dumpped all of his SUSHI tokens on the market for $14 million worth of ETH.

It was not until ‘0xMaki’, who happens to be SushiSwap’s co-founder, took the responsibility to lead the project which helped it to come back on track and exceed other notable decentralized finance [DeFi] platforms.

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Months later, the market’s most popular duo is fighting against odds to retain their respective positions. According to DeFi Pulse, Uniswap was the second-largest DEX in terms of total value locked which was $4.13 billion. SushiSwap, on the other hand, stood at the third spot as mentioned earlier with a TVL of $3.60 billion.

Uniswap Wins But SushiSwap Emerges From The Ashes

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In terms of market share, it is undoubtedly, Uniswap that has a clear lead with a whopping 54.8% trade volume while SushiSwap stands just right behind with 20.8%.

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In addition to that, it was also found that over the past three weeks, Uniswap has averaged daily volume between $700 million and $1.35 billion. Simultaneously, SushiSwap showed an average daily volume of $300 million to $700 million.

Digging deeper, it was also observed that even as Uniswap continued to process twice as much volume as its rival, the monthly trend evidenced that SushiSwap has improved its figures to become a strong competitor.

Both the platforms’ governance token has also reached new all-time highs amid the bull season. What’s even more interesting is that both the DEXs have witnessed their goals diverge despite their controversial entry into the DeFi ecosystem. And while Uniswap still takes a lead, SushiSwap’s growth in the past several months cannot be ignored.

Uniswap Trading Volume Goes Wild As Numbers Hit New Peak

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2020 saw a huge shift in focus from the grips of centralized financial sector to decentralized finance [DeFi]. Among the DEXs, which started dominating on-chain flows, Uniswap in particular, stood out.

Unsiwap Protocol went on to become one of the most prominent platforms witnessing significant traction in a very short period of time. In the latest development, the daily trading volume [7d moving average] across all asset pairs on the decentralized exchange reached an all-time high.

This was revealed by the blockchain intelligence platform, Glassnode which further noted that on an average, $780 million were traded per day in the past week. With this, the figures surpassed the previous peak that hit back in early September 2020.

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DeFi went on to become one of the biggest trends last year with Unsiwap leading the DEXs. With just 10 days to this year, the DEX witnessed an astounding growth.

Uniswap Gives Stiff Competetion to Centralized Counterparts

Owing to the prolonged rally of Bitcoin and the crypto market, the net inflow of ERC-20 stablecoins to exchanges have been breaking records almost every single day.

With $2.3 billion, Binance noted most inflows of stablecoins amidst the bull run. But the decentralized exchanges were not far behind either, and have acquired a large portion of the on-chain volume along with the stablecoin inflow in this bull market.

It was none other than Uniswap that was ranked in the second with $708.6 million in the middle of the other centralized exchanges.

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Other CEXs such as Huobi, OKEx, Coinbase, and others were observed to be trailing behind Uniswap with stablecoin balanced below $600 million. As COVID-19 fears gripped the world, the industry caught the bug of DeFi with crypto enthusiasts feverishly “FOMOing” on lending protocols, borrowing stablecoins and mining liquidity.

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Thanks to this trend, over the past several months, Uniswap has grown to become the world’s largest decentralized exchange by volume. According to Dune Analytics, it even had more than 44% of the DEX market share, at the time of writing.

Hence, it was not just market participants that appeared to be flocking Uniswap. Stanford Blockchain Club became the latest group to verify itself as a Uniswap delegate. With this, the group surpassed a student group at rival California university UC Berkeley to become one of the largest delegates and position itself in the ninth rank.

Pantera Capital Leads $12M Funding Round For DeFi Platform 1inch

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Decentralized exchange [DEX] aggregator 1inch revealed that it has closed $12 million in a successful Series A funding round of $12 million led by Pantera Capital. Other institutional investors included ParaFi Capital, Nima Capital, LAUNCHub Ventures, Spark Capital, gumi Cryptos, Blockchain Capital, and angel investors Josh Hannah, Kain Warwick, and Alexander Pack.

The 1inch team not only aims to expand geographically, but the latest round of funding is also expected to facilitate the growth of the team itself. According to the official announcement, the freshly infused funds will be utilized to further develop a variety of 1inch products, hire additional team members, intensify the project’s expansion into new markets, and boost marketing activities.

The Co-founder of 1inch Sergej Kunz said “We are really excited to be supported by major global investors. We have recently released version 2 of our protocol and there are several more products in the pipeline, which we’ll reveal soon. Thanks to the recently raised funds, we’ll be able to develop cutting-edge solutions that will really make a difference in the DeFi space.”

Currently, the team was reportedly working on major projects and updates. This also included an update for the platform’s AMM, Mooniswap, and the 1inch utility token, in which the funding round is expected to play an important role in supporting the said initiatives.

Previously, 1inch had announced raising $2.8 million in the seeding round from top institutional investors, including Binance Labs. The round also saw participation from Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, and among others.

The decentralized finance [DeFI] realm saw a significant inflow of money in the past several quarters. The DeFi success story has been one of the hallmark developments in the cryptocurrency industry this year. The collective worth of DeFi is only a few million shy of the coveted level of $15 billion.

From the beginning of this year to the press time figure of $14.667 billion, TVL [USD] rose by an astonishing 2072%.

TVL in DeFi Nears Fresh ATH of $13 Billion Despite the Decline in DEX Volume

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2020 has been a success story for the decentralized finance [DeFi] ecosystem. DeFi has been around for a couple of years but it gained massive traction in the second and third quarters of this year and the overwhelming rise was reminiscent of the previous ICO boom.

Adding yet another feather to its cap, the total value locked [TVL] in DeFi surged to a whopping $12.58 billion on the 25th of October. This surge coincided with the latest bullish price action of the cryptocurrencies which triggered optimism in the space. Uniswap with a TVL of $2.68 billion and dominated the charts by 21.65%. The popular DEX was followed by Maker with $2.13 billion, WBTC with $1.44 billion, Aave $1.13 billion, and Compound with $1.08 billion in TVL respectively.

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Ethereum [ETH] locked in DeFi also spiked as the altcoin surged above the $400-level more than a month later. According to DeFi Pulse, the figure was recorded to be at 9.008 million Ether at the time of writing. BTC and WBTC locked in also noted a mild surge to 171.2K.

What has further legitimized the DeFi space is the foray of some of the big names in the crypto industry. The investment giant, Pantera Capital recently disclosed that its Digital Asset Fund intended to invest more heavily into DeFi assets than the rest of the market.

But could DeFi lose steam?

Talking about the potential capabilities of DeFi instruments, Chris Burniske from venture capital firm Placeholder had recently noted,

“If you think DeFi will have a smaller impact on ETH than ICOs, you aren’t paying attention. The ICO boom showcased Ethereum’s ability to perform one financial service: early-stage capital formation. DeFi will showcase Ethereum’s ability to perform all financial services.”

Bitcoin has started to show signs of strength over other cryptocurrencies as its dominance rose to 61%. On the other hand, Ethereum has seen its popularity grow throughout 2020 due to the rise of DeFi. Having said that, skepticism still exists in terms of outlook and long-term sustainability of DeFi. In addition, trading volumes on Ethereum-based decentralized exchanges have taken a plunge this month and was down by 44% in the past 30 days. 

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But it is not all bad. The declining trading volume could mean that the market is coming back to rational levels. The soaring TVL indicated a positive sentiment in the DeFi space and the latest stats could potentially indicate a healthy market.

Binance Smart Chain DEX, Pancakeswap Welcomes Injective Protocol Under the Hood

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Pancakeswap, the decentralized exchange on Binance Smart Chain welcomed Injective Protocol [INJ] as the fourth Syrup Pool project on its platform. According to a previous announcement, Pancakeswap was planning for INJ farming for SYRUP stakers to start shortly. Following this, INJ Syrup Pool became a part of the DEX.

Additionally, Pancakeswap further revealed that INJ farming went live on the 21st of October.

This news comes hours after Binance announced the completion of the Injective Protocol lottery draw. Following this development, the crypto exchange listed INJ token and initiated trading for INJ / BTC, INJ / BNB, INJ / BUSD and INJ / USDT trading pairs.

 

Injective in Brief:

Injective Chain is basically a decentralized sidechain relay network that functions as a second layer derivatives platform, a trade execution coordinator [TEC], and a decentralized order book. The core consensus is Tendermint-based. Similar to how CAKE fuels PancakeSwap, INJ is the token used by Injective Labs to unlock many functions, including governance, staking rewards, liquidity mining, etc.

Backed by a prominent group of stakeholders including Pantera Capital, Injective Labs was recently selected as the next project to launch on Binance Launchpad, the exchange’s selective public sale platform. With this, Injective became the first Binance Labs incubated project to debut on Binance Launchpad.

Talking about the introduction of INJ on Pancakeswap, Eric Chen, co-founder and CEO of Injective stated,

“My team has been following the rapid growth of PancakeSwap for quite some time. We were thoroughly impressed by what Chef Hops and the team have built here for the DeFi community. We are excited to introduce INJ to this network in order to fuel its next phase of growth”

Pancakeswap’s Growth

The popular food-themed DeFi platform became one of the six blockchain projects, including AnySwap, Arkane Network, BakerySwap, Bitquery, and Proxima, which is set to receive $350,000 in grants through the firm’s $100 million funds. The Malta-based platform had previously noted Pancakeswap was the “number one liquidity provider” on its smart chain with respect to volume, number of active users, and contribution to gas fees.

Top 10 Decentralized Exchanges for Trading Crypto in 2020

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Decentralized exchanges came to birth following increased cybercriminal attacks towards centralized exchanges. This was especially sparked by the unsolved hack of QuadrigaCX that saw at least $140 million of crypto assets. Improper data practices have created bloodshed of centralized exchange users, despite having in place proper regulation and customer service. 

The entry of decentralized exchanges into the scene has not been without challenge. High technical barriers, liquidity shortcomings, limited withdrawal processing, and technical oriented user experience are some of the challenges plaguing DEX. Although it’s really difficult to sort out the best-decentralized exchange, outlining how a good DEX looks like could be a thing. 

The metrics under consideration while weighing what a good decentralized exchange includes: 

  • Know Your Customer (KYC) standards
  • Trading fees
  • Diversity of supported tokens
  • Liquidity  
  • User experience

For any exchange, the most significant factor is its liquidity. Liquidity is the ease with which to buy or sell a given asset. In this case, it determines the ease with which a digital asset is converted into liquid cash. Cryptomarket liquidity is essential to estimating when to make a cash-out. High liquidity is good because it is a higher trading possibility. On the other hand low, liquidity causes price slippage. This occurs when there is a delay between order initiation and execution of a trade.  A situation that will occasionally create a price variation. Hence most traders dealing with high volume transactions might prefer centralized exchanges. 

Decentralized trading platforms are expanding their scope, and 2020 may well be the year. Perhaps they will offer even greater security and cutting edge user experience. Maybe they will offer user experience of even greater security and cutting edge. Off-grid openness and it is obvious that consumers depend on customer funds, peer-to-peer transactions and automated processes; bow their loyalty to DEXs.

Top 10 DEXs to Exchange Crypto 

1.0x Protocol and Relayers

Protocols are not completely exchanges but frameworks upon which developers can deploy ERC tokens over the Ethereum blockchain. I listed it here because it’s the leading platform for exchanging ERC tokens in a decentralized, efficient and cost-effective manner. The tokens are usually from DApp projects. Especially in the gaming and content creation ecosystem. 

2.Airswap Protocol

There are no big differences between Airswap Protocol and 0x. The platform does not require any identification information and doesn’t charge trading fees. Airswap protocol is deployed on the Ethereum blockchain relies heavily on the speed of on-chain activity for security. Traders usually execute a trade after negotiating a suitable price. Where both parties will not agree towards a common price, both parties query the oracle. 

So what’s Oracle? 

Airswap describes in its whitepaper that the Oracle provides pricing information to enable the maker and the take make a more informed choice, and smoothen trading negotiation. 

3. Changehero

ChangeHero DEX allows traders to conduct cryptocurrency transactions by complying with all regulatory authorities. The exchange complies with Know Your Customer [KYC] and Anti Money Laundering [AML] policies to create a safer financial ecosystem. This allows users to maintain privacy as well as use their cryptocurrencies in peace.

4.IDEX

IDEX remains the most popular Decentralized Exchange. Fund management takes place via an Ethereum smart contract. Traders access the smart contract through a private key. Meanwhile, there are four ways to access the wallet. Through a MetaMask, Ledger Nano S, manual entry of the private key or a Keystore file. In comparison to other DEXs, IDEX has better liquidity. 

5.Kyber Network

Kyber network operates a stack of smart contracts developers can leverage on any blockchain. The platform also offers a native token known as the Kyber Network Crystal. Kyber allows takers to trade their tokens through a network of actors. These takers could either another decentralized exchange, wallet addresses, decentralized organization or decentralized application. Meanwhile, holders of the KNC token benefit from governance rights and participation in treasury funds. 

6.Bisq

Bisq is a prominent DEX for exchanging bitcoin. Traders can exchange bitcoin for national currencies. Additionally, Bisq does not require identification details. The platform is open source and developers from across the world contribute to its development. Bisq implements Tor routing and local computing to make sure the platform is decentralized. 

7.Binance DEX

The better part of this list includes exchange platforms deployed on the ethereum blockchain. Binance noted this and launched their own native blockchain. It is upon this blockchain that the leading exchange platform would launch a DEX movement. The Binance DEX works on top of Binance Chain and has low latency, low fees, intuitive user experience and high throughput. Binance DEX superfast speeds enable it to confirm transactions within seconds. 

8.Bancor

Bancor exchange offers an exchange model with no second party. Traders usually exchange their ERC-20 tokens for the network’s native token – Bancor Network Token. Meanwhile, holders of BNT exchange these for other ERC-20 tokens. Note that the traders can store any type of ERC-20 tokens on the Bancor protocol through a smart contract. Bancor is attempting to improve liquidity for small-cap tokens, which might not find adequate markets on other exchanges.

9.Stellar DEX

The Stellar network deployed its own decentralized exchange to push the adoption of its blockchain project. Traders get started on the Stellar DEX by creating a key pair consisting of a public key and a secret key. Public keys are for identifying an account, while a secret key accesses the account to make transactions. 

10.BarterDex

BarterDEX implements atomic swaps – which makes it one of the most advanced DEXs. The user interface isn’t that great. Well, the platform is available on Windows and Mac.

EOS Based Decentralized Exchange Newdex Migrates to Tron

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The latest announcement by Newdex, the decentralized exchange claims that it is now officially launched on TRON network. Although details of the launch are yet to reveal, the platform announced 30000 TRX giveaway to Tron community.

EOS Based Project Turns to TRON blockchain

Newdex claims itself as the world’s leading decentralized exchange offering the open and transparent user assets and trading service. Following the announcement of launching on Tron network, the Tron foundation proudly introduced Newdex platform to the Tron community.

Those who seek to participate and win the TRX giveaway of Newdex, they have to retweet and follow New DEX, Justin Sun, and Tron foundation on Twitter. The giveaway will reportedly end on Oct 7th. Tron foundation states that;

The largest decentralized exchange on EOS Newdex officially launched on TROM, writes Tron foundation. Welcome, NewDEX to the Tron Ecosystem.

Meantime the founder and CEO of Tron Foundation, Justin Sun, took to Twitter and suggested a crucial yet straightforward solution on how to grow a business and protect customers. He reveals Tron’s one-click Blockchain deployment feature, which was designed to increase demand for blockchain from companies. According to Sun, it works as;

Although Tron’s one-click Blockchain deployment appeared as a new feature launched by Justin Sun, nobody seems supporting this new announcement citing the crashing value of TRX for quite some time now.

Fortunately, the value of TRX at the time of reporting is surging by 4.63 percent within the past 24 Hrs, but the position of token remained on 14th spot. Currently, TRX is valuing at $0.013 against USD, capturing the market capitalization of $933,511,141.

More so, Sun’s led two tokens BitTorrent and WIN were recently caught under the delisting announcement by major crypto exchange, Binance. Notably, the exchange announced the removal of 30 tokens trading pairs, including both – BTT/BTC and WIN/BTC.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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SEED token, Tronwallet DEX, new trading pairs: Tron on a roll

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In order to counter the much-asked questions and expectations, Tron (TRX), the 10th largest digital currency in the crypto-sphere, as anticipated, has decided to enrich Tronwallet by blending DEX (Tronwallet Decentralized Exchange) as one of the new upgrade included in the Tronwallet’s latest version.

In an announcement by the Tronwallet team, the update was made available to be downloaded globally, except some part of the world, where the giant tech guns, Apple and Google are working to ensure the availability of the application to the public.

In addition to this amazing news for the Sesameseed and Tronwallet communities, Tron (TRX) has also confirmed that they are introducing new trading pairs on the exchange (DEX) along with the induction of Seed token, which will also go down in those pairs.

In its release, Tronwallet’s team verified the induction of Seed token’s pair with Tronix (TRX/Seed), in conjunction with the pair of Tronwallet and Tronix (TRX/TRW). The team also gave a little glimpse at its future plans by mentioning that they are planning to make efforts towards introducing Tronwallet as a trading market, where alongside other new pairs, TWX/Seed pair will also be included.

The Tronwallet team, in its official issuance, admitted the fact that the DEX (Tronwallet Exchange) has similarity with Bancor Exchange to some extent concerning functions and style. That said, DEX Exchange brings some unique benefits to the community.

Let’s check out what those advantages are:

  • As Tron’s enthusiasts expected, it is user-friendly and easy to use, Tronwallet DEX will look familiar to Tronwallet as it will be sharing the same interface and style.
  • Crypto community no longer needs to worry about where to keep their savings, or patronage as many people usually surf more time than needed in researching about these little quirks. Tron (TRX) provide them the opportunity to store their assets at which they trust the most, Tronwallet.
  • TronWallet provides the opportunity to do trading without sharing your private key. By doing so, it also accomplishes to solve one of the major concerns of the community; they no longer need to expose their private keys.
  • It also guarantees zero discrepancies and mistakes during the exchange of funds. Tronwallet accommodates its community to trade inside their own wallet. No more copy/paste of website URLs, no more verifications needed for the route direction (whether it is going to the right place) since the exchange is happening right in your wallet.

Talking about some of the other latest achievements that Tron has had in the past couple of weeks, its listing at the renowned exchange MABex (South Asian trading Exchange) is a significant stride.

Also, the migration of the famous Ethereum based game, BitGuild, onto the Tron blockchain is a big success. Just today, the blockchain added three new trading pairs, BET/TRX, FUN/TRX, GOC/TRX, on its decentralized exchange, DEX. Looking at all the recent developments, it’d be safe to say that 10th best cryptocurrency is moving in the right direction.

Image courtesy of Pixabay.

TronWeeklyJournal coin (TRWJ) hits the Tron DEX

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The Tron foundation takes communication with the Tron community very seriously, which is one of the reasons that said the community is very united behind the project’s leadership. One of the efforts to keep communication clear and flowing is the Tron Weekly Journal which aims at becoming the very best Tron news organization.

In the Journal’s own words: “Tron Weekly Journal is an online digital content platform which aims to bring all Tron world news under its umbrella. Although there has been immense churn and activity in the Tron community, there is no centralized portal or information pool where investors or Tron enthusiasts can gather necessary information. We are a team of experienced writers and analysts seeking to bring the latest Tron news and forecasts to the community through the Tron Weekly Journal platform.”

But we are not just a newspaper of sorts. The Journal is also issuing a Tron-based cryptocurrency (which is already listed at Tron’s DEX) called TRWJ. It’s a multipurpose coin that will be used for the benefit of content creators.

Also, services like advertisements, promotion, and every publishing transaction needed by a site such as tronweekly.com will use TRWJ as the medium of exchange. Additionally, the Tron weekly team will be airdropping some tokens at the end of each sale phase.

Despite its young age, TRWJ is already one of the top 3 TRC-10tokens in the Tron market and, as the Journal keeps expanding its audience, it’s bound to keep doing well.

Tron DEX

Yes, Tron has digital cryptocurrency exchange of its own. It’s one of the sections inside the tronscan.org website. This is a specialized exchange that trades only in Tron-based digital assets (TRC- 10 tokens) paired against TRX.

For instance, here you can buy the dice token which you can use to play some betting games that are already running in the Tron main net. There’s also the IGG token, issued by Intergalactic Gaming which allows you to join in the online video games economy.

Tronscan.org is a very intuitive website that no Tron fan should miss. It gives you a Tron wallet, access to the exchange, information about all the tradable coins. If you have an account and a wallet here, you can even issue your very own TRC10 token and release it into the exchange!

You can also monitor the blockchain activity regarding nodes, blocks, transactions, transfers, accounts, statistics and foundation addresses. The smart contracts running in the network, are there for you to see, and you can vote in the Tron Super Representative elections. In many ways, tronscan.org acts as a “control panel” four your Tron account.

Besides Tron DEX exchange, Tron also has another wallet called Tron Watch Market. The token sale of the wallet ended about a month ago. Although it is not yet fully finalized, once it’s done, the Tron community should be expecting the trading of TRC10 tokens on the platform.

Tron is quickly becoming a full-fledged cryptoverse inside the cryptoverse. That’s why it’s already the world’s third busiest blockchain, and it keeps gaining followers all the time. It has all the features Ethereum had when it became big, but it has a lot more new things to offer, and it has no gas price (but you have to pay for bandwidth and energy).

Tron is trading at $0.0152 as we write this article, and it’s in green numbers to the tune of 1.99%. It’s capitalized at $1,005,404,567 and ranked 12 at coinmarketcap.com.

Overall, Tron is pushing towards a decentralized system. With the addition of new tokens on its new decentralized exchange, we could see a big push in the worth of Tron very soon.

Tron begins to decouple from Bitcoin as DEX records massive success

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Tron has reached significant milestones this year, and it is safe to say that it is one of the best performing cryptocurrencies in the space today. In the bid to produce a decentralized platform for its community and investors, Tron released its decentralized exchange that takes care and is in charge of TRX tokens.

It is important to note that Tron’s new decentralized exchange (DEX) can now be seen on Tronscan.org and it connects the TRX wallets of every Tron user. Without no doubts, Tron’s new decentralized network has been making waves ever since it got created by Tron (and it’s not even a week old).

The CEO of Tron, Justin Sun announced that the activities on the new exchange have reached 184.5 million in 24 hours and have doubled every day for five days now. Sun tweeted,

The Tron community tend to have a close watch on the recent developments of Tron always, and they haven’t failed to laud the recent stride that has been achieved by the blockchain firm.

Innitially, it was the immediate heads-up by a Tron community member, Matthew Fetzer, that made the news go wide. He said this on his official Twitter page:

Via further research on Tronscan, we found that 11 trading pairs have been listed against TRX with a high number of TRX volume. dice/TRX:254766; ton/TRX:13,064,206; IGG/TRX:108,040,298;WIN/TRX: 41,362,464; CryptoDivaFund/TRX: 12,354,407; TWX/TRX: 3,927,236; TRONEuropeRewardCoin/TRX: 3,123,122; TronWatchMarket/TRX: 1,134,375; SEED/TRX: 1,353,140; CryptoChain/TRX: 10,755; CryptoGuyinZA/TRX: 6,292. The total TRX volume is 184,631,061 to be specific.

TRX is Decoupling from Bitcoin

Tron’s recent stride has become prominent not just among its community but among all the crypto-enthusiasts. As a result of the recent decentralized exchange, Tron is becoming a cryptocurrency that will not be affected by Bitcoin (Ripple’s XRP is becoming the same too).

Although the Tron’s detachment from Bitcoin will not happen overnight and that is because it has been widely, and as like any other coin, TRX is pledged against BTC on most of the exchanges.

Even though Tron’s exchange (DEX) is becoming more and more popular still lots of Tron users and investors are trading via major crypto exchanges such as Binance. This implies that if such investors get their investment or funds from Binance then, the Tron’s platform will surely thrive.

Nevertheless, Tron also has another decentralized exchange known as Tron Watch Market, and it aims to be the best of its kind in the market. Subsequently, the demo version of Tron Watch Market has been unveiled. Tron made it known that when the exchange gets-up at full, the trade of Tron tokens will be available in a secured manner.

TRX Price Overview

At the time of writing, as is the case with all major cryptos (excluding XRP), TRX is in the red, valued at $0.0187, and down by 1.95% in the last 24 hours. The price of TRX has been greatly affected and dropped by almost 15% after the occurrence of the Bitcoin fork that took place a few days ago. The cryptocurrency sits at $1,232,706,283 market cap.

Image courtesy of NeuPaddy/Pixabay