In terms of 24-hour international trade volume, the Tron network is a significant Proof-of-Stake blockchain network and is ranked 16th overall.
The creator of the Tron blockchain, Justin Sun, is no longer directly involved in the Tron project, but is nonetheless active on Twitter to discuss the ecosystem’s ongoing successes and developments.
The 2nd biggest public chain by stablecoin market cap and the Top 3 largest public chains by TVL was preserved on the Tron network, according to information provided by TRONSCAN, the network’s explorer, on August 1 via the company’s official Twitter account.
The tweet verified that Tron now has a total of 105 million new users and that its network has processed over 3.6 billion transactions.
Tron and WeFund just formed a cooperation. WeFund is a multichain community crowdfunding incubator for projects involving both blockchain technology and the real world.
The unexpected resurgence in the Tron ecology is therefore anticipated to have been induced by that recent agreement. Based on the funding from WeFund, the Tron blockchain project team wanted to introduce a significant number of new real-world use cases.
The native coin of the Tron blockchain is called TRX. Presently, this coin is ranked 16th by 24-hour trade volume. The price of TRX is currently $0.0681, which is 7.2 percent higher than the trade price during the previous 7 days.
It’s important to note that Justin Sun’s resignation from the Tron project has had a significant negative impact on the price of the TRX coin and limited positive effects.
A few in-depth studies in the past suggested that Justin Sun attempted to control the price of the TRX token using his influence as the founder of Tron and his social media following.
A few allegations also stated that Justin attempted to forcibly issue more crypto assets without adhering to appropriate compliance procedures. Investigators did not offer much evidence, but Justin would not acknowledge any accusations of this nature.
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