Recently, Tron stated that more than 5 billion transactions had taken place on its platform.
Tron’s Network Has More than 5 Billion Transactions
This news was announced in a tweet from the platform’s official Twitter account. This landmark development can be seen as a tremendous achievement for the platform. Since the blockchain-based platform focuses on smart contracts and decentralized applications, the popularity of the platform has increased. In the eyes of users, the platform has become one of the fastest and most scalable blockchain networks.
The platform, which saw a notable 6.9% increase in trading volume a while ago, has nevertheless seen a decline in its charts. At the time of writing at 08.03.23, the asset was trading at $0.06609. It has dropped 1.88% in the last 24 hours. TRX’s total circulating supply is currently recorded as 91,342,112,283.
What’s Behind the Platform’s Rapid Growth?
Several factors can be attributed to the platform’s rapid growth. First, the platform has a strong community of developers and users. However, both its community and its developers are focused on innovating and improving the platform. On the other hand, the platform’s DAO will be launched soon. Again, this is proof that the network is constantly innovating and improving itself.
Secondly, the platform has partnered with industry giants. It has established strategic partnerships with world-renowned companies such as Samsung and BitTorrent. Also, it has collaborated with popular blockchains such as Ethereum and EOS.
As a result, all these factors have combined to enable the platform to reach 5 billion transactions. Thus, this development has also led to an increase in demand for the platform.