TRON tapped a new milestone as its Total Value locked [TVL] figure exceeded $5 trillion, data from TRONSCAN revealed. Thus becoming the second largest public chain by stablecoin market cap and in the Top 3 largest public chains by TVL count.
The findings also revealed that the blockchain has currently a total of 105 million new users and that its network has processed over 3.6 billion transactions. The growth has been attributed to several developments undertaken by the TRON team.
One however stood out, and that is its partnership with WeFund, a multichain community crowdfunding incubator for blockchain and real-world projects, that intends to attract more users to the DApp market and provide use cases for TRON-based payments.
With respect to 24-hour international trade volume, the Tron network is a leading Proof-of-Stake [PoS] blockchain network. In addition to that, the native coin of the blockchain TRX is presently ranked 16th all-in-all.
At the time of publication of this article, TRX’s value is exchanging hands at $0.068, which is over 7 percent higher than the trade price in the weekly index.
The asset’s market cap stood at $6 billion.
TRON Backed Exchange Announced A Crucial Update
In other news, Poloniex, one of the oldest cryptocurrency exchanges globally, recently revealed the details of its key upgrade. Its engineers advanced its system’s order matching speed and TPS.
H.E. Justin Sun who is the founder of Tron as well as the Chief Executive Officer of BitTorrent [BTT], has been an instrumental figure behind the Poloniex exchange,
Throwing his weight behind the latest announcement, Sun said the upgrade will open up new exciting opportunities.
The launch of this new trading system is a landmark step forward for Poloniex as a world-class international exchange. It demonstrates our commitment to delivering benefits and the best services for our users. As one of the world’s oldest crypto exchanges, Poloniex has made impressive strides in optimizing its system and will continue to bring an incredible trading experience to retail and professional traders.
According to Poloniex’s team, this upgrade would provide the necessary tools to support experienced traders, retail market makers, and institutions.