Amidst a market-wide rout, Tron [TRX] network is slowly creeping up to all-time highs across several metrics. In the latest development, total transaction on the blockchain has surpassed a whopping 2 billion. This was an important milestone for the network which boasts to be cost as well as time-efficient. The tracking website, TronScan’s latest chart on the same demonstrates a steady increase in the transaction figures on the blockchain.
Revealed by Justin Sun, the CEO and Founder of Tron Foundation, his latest regarding the same tweet read,
“According to TronScan, TRON total transactions have exceeded 2 Billion. Boasting over 39 million accounts and 2 billion transactions, TRON is the world’s fastest-growing public chain. Thanks for all the supports from TRONICS”
In addition to the above milestone, the network’s daily active users have also reached a new all-time high of 5.26 million recently which was an astonishing 500% more than the total users on the Cardano network. It has also broken several other records in recent days, including one that depicted the massive activity among market participants as the bull run appeared to be winding down.
Tron [TRX] fails to steal the show
The blockchain’s native cryptocurrency token, TRX, on other hand, failed to charm the market. Its tryst as one of the top 20 cryptocurrencies was short-lived as back-to-back corrections pushed the coin further down the list. Once a top 10 crypto by market cap, TRX was positioned as the 25th-largest token by a market cap of $5.18 billion, at the time of writing as it failed to exhibit any impressive price movements this year.
The mid-May crash proved damaging for the digital asset which drove its price to levels last seen in March this year and was currently being traded at $0.072. It was also displaying some weakness which was evidenced by a decline in terms of daily trade volume. Recovery attempts halted as the cryptocurrency continued to remain stuck in a consolidation mode as investors waited for a catalyst.