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- Daily transactions on TRON surpass 8.63 million over the past month.
- The increase was driven by a 50% rise in TRX transfers.
The notable blockchain TRON continues to outperform the cryptocurrency market and demonstrates significant growth amid difficult market conditions. The network recorded 10,935,762 transactions, establishing a new daily transaction record.
Today, TRON founder Justin Sun announced on his official Twitter account that the blockchain achieved a new peak in daily transactions. He remarked that “this growth is not merely a reflection of quantity but also an indication of the quality and efficiency of our network.”
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Despite the ongoing crypto winter, #TRON continues to exceed expectations, showcasing remarkable growth. The network reached a new record high in daily transactions just yesterday, processing 10,935,762 transactions. pic.twitter.com/Unn45CCUvg
— H.E. Justin Sun 孙宇晨 (@justinsuntron) June 1, 2023
This highlights the increasing popularity and widespread adoption of the TRON protocol. Justin also mentioned their goal to double the transaction volume in the upcoming year.
Currently, TRON has recorded over 5.71 billion transactions in total. The average daily transaction count on TRON has been 8.63 million over the last 30 days. Additionally, the surge in transactions during this period has been largely driven by a 50% increase in TRX transfers, according to TRON SCAN data.
At the time of this report, TRON’s native cryptocurrency TRX was trading at $0.07455, with a 24-hour trading volume of $193 million and a market capitalization exceeding $6.72 billion. Presently, TRX is in a neutral phase and close to its moving average of $0.76. If the crypto token surpasses the 50 MA, there may be potential for an upward trend, according to Tradingview.
Furthermore, TRON reported $90.04 million in revenue for the first quarter of 2023. Its total quarterly sales for Q1 2023 amounted to $90.04 million, marking an 88% increase from the total quarterly sales of $47.96 million for Q4 2022.
