TRON milestone: total daily transaction volume exceeds 9 million mark, TRX unique address exceeds 45 million and more | Author: The Crypto Basic | Capital | July 2021
Since Justin Sun set the next milestone of 10 million transactions per day, TRON transactions hit a record high. The total value of the Tron blockchain has exceeded US$8 billion.
The TRON blockchain network is showing good signs of growth and has reached important milestones in recent weeks. The daily transaction volume on the TRON blockchain has hit a record high and has increased by 500% in the past year.
According to data from the TRON data tracking platform Tronscan.org, the blockchain currently processes more than 9 million transactions a day.
-CryptoRank platform (@CryptoRank_io) July 7, 2021
This take-off fully illustrates the growing popularity of TRON in the encryption field. Meet the next challenge, Justin Sun, the co-founder of TRON, stated that the blockchain will soon begin to process 10 million transactions per day.
-Justin Sun🅣🌞 (@justinsuntron) July 7, 2021
In addition to the substantial increase in daily transaction volume, the number of unique addresses has also increased significantly. According to Tronscan data, there are currently more than 45 million addresses on the blockchain network.
TRON’s DeFi ecosystem has shown strong growth, with a total lock-in value (TVL) exceeding US$8 billion last week. However, according to Tronscan, it has declined slightly since then and is now worth $7.4 billion.
Justin Sun shared a tweet mentioning Tron Defi TVL.
🎉#TRON TVL (total value lock) query function is now online.
🤗Welcome one-click experience to find your valuable data @TRONSCAN_ORG 🖱️
-Justin Sun🅣🌞 (@justinsuntron) July 2, 2021
The TRON blockchain network supports a variety of stable coins and continues to grow. USDT Tether continues to dominate its peers with a circulating supply of US$32 billion.
Justin Sun, the founder of TRON, said:
“As we all know, TRON has many successful cases of stable currency issuance, among which the most well-known is TRC20-USDT; TRC20-USDT circulation and the steady growth of unique addresses fully prove the demand for stablecoins.”
On the other hand, Circle stablecoin USDC has made significant gains. In less than a month, the USDC circulation on TRON exceeded 108 million. Therefore, TRON is becoming a popular choice for traders due to low transaction fees.