Tron: Weekly reports and key datasets to give you better trading ideas

  • TRON’s weekly report highlights updated statistics for the network.
  • Despite registering price gains, TRX has performed poorly in terms of indicators.

Tron [TRX] recently released the latest version of its weekly report, revealing the network’s performance over the past seven days. The report mentioned all notable developments that have happened in the TRON ecosystem.

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According to reports, the height of the TRON blockchain exceeded 47.84 million. The total number of accounts on the TRON network also reached 137,027,282.

In addition, the total number of transactions on TRON reached 4.6 billion, with a total value of over $10 billion locked. Interestingly, TRX ranked him second in total value locked on the list of top public chains, placing him second only to Ethereum.

The report also reveals that new features have been added to block explorer TRONSCAN Tron Communication network. Users can use the new feature to hide small transactions in their remittance records.

Another major development that has happened in the last few days is that TRON has Legal tender for Saint Martin. Access to TRON’s rapidly growing and comprehensive global ecosystem will benefit St. Maarten and increase the island’s appeal to external tourists, which are vital to the local economy.

Realistic or not, here it is TRX market cap in BTC Clause

Weekly on-chain performance not encouraging

TRON delighted investors last week by posting a profit. coin market capitalizationthe price of TRX is up more than 4% over the past seven days, trading at $0.06296 at the time of writing, giving it a market cap of over $5.7 billion.

Despite promising performance on the price front, TRX’s on-chain metrics weren’t healthy. That his one-week price volatility dropped significantly, which may have restricted TRX from posting higher gains.

The token’s social dominance also declined last week, reflecting its declining popularity. In addition, development activity has also declined, which was a negative signal. Nevertheless, TRX Binance continued to be in demand in the derivatives market due to its relatively high funding rate.

Source: Santimento Tron: Weekly reports and key datasets to give you better trading ideas

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