TronWeekly

Crypto World News

You are here: Home / Archives for Tron ecosystem

Tron ecosystem

TRON Network Hits Major Landmark with 6 Million Addresses

by

According to the announcement by Justin Sun, founder and CEO of Tron, on May 29, Tron ‘s network hit a major landmark with 6 million registered emails. In addition, the increase in the number of addresses coincides with the increase in DApps based on the network, which reached a total of 768 last week.

To date, Tron Network has seen a significant increase in its use in 2020 although its overall market capitalization has been declining. However, according to Justin Sun, his decentralized blockchain platform now has 6 million registered addresses.

 

 

In the past two weeks, Tron Network has seen a steady growth in the number of new addresses according to data from Blockchain explorer, Tronscan. See the chart below.

Tron Network

New Tron Network DApps behind increase in addresses?

Moreover, The Tronscan explore also indicates that there has been a substantial increase in the number of daily TRX transactions on the main chain so far in 2020. According to the chart below, The number of Tron transactions have increased from 13,689 to 813,929 total daily transactions as of May 27 this year.

 

TRON Network

The fact that the increase in TRX accounts is not reflected by the rise in the price of TRX, signals that the growth has been driven by the rise in the number of DApps being created on the Tron Network. 

Currently, there are 768 decentralized applications built on the Tron ecosystem as per the latest DApp weekly report.  Moreover, the report noted a stable growth in the number of decentralized applications on the platform.

Most Tron-based DApps involve gambling and other high risk activities

As per the report, between May 23 and May 29, there were a total of  518,000 TRX transactions processed from DApps built on the Tron Network, worth an upwards of  $4.1 million. 

Additionally, the report noted that most of the decentralized applications on the Tron ecosystem; involve gambling and other high-risk applications. The report also noted that exchanges account for the smallest percentage of Dapps on the Tron blockchain.

NoleCoin Ups The Crypto Game With NoleX; Community Support Considered a High Priority

by

The developments taken by cryptocurrency companies have been the main marker for adoption across sectors. One of the main examples of such an organization is Nole Legends and its latest exchange NoleX is on a mission to set a standard for cryptocurrency exchanges. 

NoleX was developed by keeping the Tron community in mind and ensuring that all their needs were met.The community has played an important part in the creation of the exchange, and Nole Legends believes that it will soon become a global exchange. Nole Coin is also a partner with TronEurope, a tie-up conducted to create a more interconnected Tron ecosystem.

NoleX stands out from the rest of the pack because of the way it connects references to the user’s exchange experience. The cryptocurrency exchange gives users the benefit of earning 10% of their friends ‘ transactions if they are referred to. The referral system has been deemed quite unique in the Tron ecosystem because of the high return on investment associated with NoleX.

earnings compressor

Users will also have the option of dividends earning from the NOLE ecosystem.The dividend token that is earned will be called NOLEWATER and each token corresponds to a greater holding capacity of the NOLE token.

One of the main advantages of using NoleX is the low trading fees compared to other cryptocurrency exchanges when users own the native NOLE token. The company has urged users to hold more NOLE tokens because, with greater adoption, the investment portfolio is also expected to grow exponentially.

This was one of the main pushes for the partnership between $TERC and $NOLE. The official release of the partnership stated:

“The alliance plans to provide an environment to the masses which is decentralized thus creating a democratic, transparent and inclusive eco-system. Team TERC and NOLE decided to join hands because both found a lot of synergy in the value system: leveraging technology to help mankind. “

phone

 

NoleX has also been busy adding multiple tokens to its platform and had added the WIN token to its roster. During the addition, NoleX conducted polls for its community members to vote. The members were expected to guess the user base that NoleX would reach in a month’s time. NoleX had also conducted a giveaway to celebrate its launch. The lot which is still running required users to follow the exchange’s Twitter handle and register at nolex.org with a Tron wallet.

 

Following this, NoleX added the Tron Weekly token to its fold. This made it the second token after TERC to be listed on the platform. The platform has revealed that it will continue to add more tokens to create a much larger exchange platform. According to NoleX’s Twitter handle, two more tokens are expected to arrive soon.