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,
https://t.co/K55qZH2EUx reached 184.5 million $TRX today. Double everyday for 5 days! It is crazy party now! #TRON #TRX
— Justin Sun (@justinsuntron) November 16, 2018
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:
did everyone see the DEX tab on Tronscan!!!!! @WLFOFMYST @thacryptomaniac @curtiskitchen
— Matthew Fetzer (@thefetztizzle) November 8, 2018
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.
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