The cryptocurrency market has undergone a variety of shifts in the last few weeks, with price fluctuations playing a major role. In the midst of the coronavirus pandemic, the digital asset world has tried its best to keep up with developments and updates.
Tron, the cryptocurrency set to bring to Web 4.0 recently announced a big network achievement. As of May 19, Tronscan announced that the total number of transactions on the Tron network had reached 1 billion, an accomplishment celebrated within the community.
According to industry analysis, the cryptocurrencies that thrive are the ones that evolve and develop internally. Justin Sun founded Tron has always made headlines of new updates, with the latest news being a feather in a burgeoning bag. Tron accomplished this goal by concentrating on accelerated growth while continuing to make efforts to decentralize the network.
While the total number of transactions on the Tron mainnet clocked in at 1.001 billion, the block height was recorded to be 19,873,960. The number of transactions increased to 1,336 million on 1 May, following a market downturn in the preceding days. Many cryptocurrency experts will claim that Tron needs to win because of its price front results.
Tron used to be a permanent part of the top 10 cryptocurrency team, but over the past few weeks, his fate has deteriorated. At the time of the press, TRX was in 17th place when selling for $0.015. Cryptocurrency had an overall market cap of $1.02 billion and a 24-hour trading volume of $1.466 million.
The total number of accounts reached 5.898 million while the main chain enjoyed a decent spike. The 14-day account growth has also been remarkable with the figure increasing from 5.76 million to 5.88 million in two weeks.