By Franklin Smith
TRON has flourished in recent weeks following market sentiment overturn. The network recorded impressive performance over the past seven days, with some on-chain data suggesting soaring trader optimism. Recent reports show TRON’s total accounts hit 104.8 million, whereas overall transaction counts hit 3.61 billion.
Sunshine and Rainbows
TRON announced data in its weekly report highlighting crucial stats from the platform’s performance. The report confirmed that TRON’s total value locked hovered at $11.3 billion as July ended.
Furthermore, dapp.com reveals that the network boasts 4,050 active decentralized applications. According to Tron Scan’s tweet, the developments had TRON becoming the 2nd largest public blockchain by stablecoin market capitalization and the top three chain by total value locked.
The report added that JustLend DAO succeeded security test by CertiK, a blockchain security firm. Meanwhile, CryptoDiffer ranked DAO top five in the leading 15 decentralized finance projects by total value locked.
JustLend DAO saw its trading volume jumping threefold from July 26’s $1.28 million to $3.82M on July 27. JestLend seems to dominate the TRON DeFi in TVL, while SUN.io followed at a distance 2nd rank.
While publishing this content, TRX traded at $0.06, following consolidations within the previous day. The alternative token saw upticks this week following bullish activity that triggered a more than 3.56% surge.
Nevertheless, the past day saw trader activity declining, with volume losing 12.87% on the 24hr chart. TRX’s Relative Strength Indicator (RSI) hovered inside the neutral region, though reflecting improvement signals at the moment. The indicator leaned towards the overbought territory at this publication, reading 54.
These indicators present TRON as a rising ecosystem within the cryptocurrency market. Meanwhile, TRON’s founder Justin Sun recently confirmed that his organization has planned to spend more than $5B to save the cryptocurrency industry.
Digital tokens noted slight upticks over the past day. The global crypto market capitalization increased by 1.57% within 24 hours to $1.08 trillion. Meanwhile, the market volume lost 12.88% in the past day to $66.07 billion. Also, crypto assets recorded minor upticks, with Bitcoin’s 1.06% 24hr surge placing it at $23,081 during this writing.
We have more crypto updates coming your way. Stay around.