Tron and its CEO Justin Sun has always abided by the policy that technical prowess trumps all in the digital asset industry. This mantra seems to have come true after Tronscan revealed that Tron came on top of the Blockchain Activity Matrix. Tronscan’s official handle tweeted:
“#TRON is ranked number 1 on the #Blockchain Activity Matrix!
#Blockchain Activity Matrix shows the real value of blockchain, which is measured by observing the activity on the blockchain and projects actually being used by people. #TRX
According to the Blockchain Activity Matrix, cryptocurrencies are measured based on their activity, 7-day average, the total record, market cap, and AVI. Tron had an overall activity index of 1.68 million and a 7-day average of 1.3764 million. The entire record for Tron was at 5.306 million.
At press time, the Sun-led cryptocurrency was changing hands for $0.19658 with a total market cap of $1.31 billion. Tron was leaps and bounds ahead of the second-placed KIN token, which had an activity index of 1.094 million. The 7-day average for KIN was also much lower than Tron’s, holding at 932,083.
The most significant pointer from Tron’s shoot up on the chart was that it was far ahead of Bitcoin, which was in the 4th position. Bitcoin’s activity index was at 790,741, while the 7-day average was at 754,087. The total record was 1.178 million, while the world’s largest cryptocurrency had a total market cap of $170 billion.
The top ten rankings on the charts only included three significant cryptocurrencies, with Ethereum being the third member. The second-largest cryptocurrency on the planet was at number 6 on the Blockchain Activity Matrix with an activity index of 656.714. The 7-day average for ETH was 672.577, with a total record of 1.372 million. The VItalik Buterin led cryptocurrency was currently trading for $185.39, with a total market cap of $20.1 billion.
Some Tron holders had different sentiments with the announcement, with 2k19xrp tweeting:
“People invest in you and your network and we need returns now! Now! Comon guy . Btc goes up ….xlm goes up …. and trx goes down wtfffffff”
The stronghold on the Blockchain Activity Matrix comes a day after Tron announced that the total number of accounts on the Tron blockchain had exceeded the 4 million market. The milestone was achieved while the number of nodes was just below 950, and a healthy transaction count of 1.83 million.
Disclaimer: The presented information is subjected to market conditions 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.