TRON Total Number Of Accounts Hit Nearly 120 Million, Weekly Report Shows

Christian Encila

2 years ago

3 mins read

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TRON, the native cryptocurrency of the blockchain network bearing the same name, continues to struggle as it fails to break free from its bearish momentum.

According to tracking from Coingecko, the 16th largest cryptocurrency in terms of market capitalization is trading at $0.050 at the time of this writing.

For the past seven days, the altcoin has dropped by almost 10% while over the last two weeks its value has declined by 20.2%.

On a month-to-date gauge, the digital asset has dumped 17.8% of its spot trading price, painting its entire chart in crimson.

However, while TRON remains unsuccessful in initiating a bullish run to reclaim higher trading session prices, its network is performing relatively well as the protocol was able to post impressive numbers last week.

TRON Network Activity Remains Upbeat Amid FTX Crisis

TRON DAO, the official Twitter account of the blockchain network shared some of the highlights of the protocol’s performance for the period of November 7 to November 13.

At the conclusion of the specific timeframe, the total number of accounts associated to the blockchain reached 119,949,499 while the overall tally for transactions facilitated over it hit the 4.19 billion mark.

TRON’s blockchain height surpassed the 45.83 million and its Total Value Locked (TVL) peaked at $12.3 billion.

It is important to note that this impressive growth in both network activity and value happened during the same week when the crypto space was ravaged by the negative effects of the collapse of the FTX crypto exchange platform.

Following Binance CEO Changpeng Zao’s decision to back out of initial plans to buy the exchange after the announcement of selling all of its FTT tokens, the crypto market was instantly painted in red as Bitcoin, Etheruem and the rest of the altcoins experienced severe price dumps.

TRON Founder Gives His Take On The Future Of NFTs

During a recent interview, Justin Sun, the founder of TRON, expressed his ideas about the current situation of the non-fungible token (NFT) industry.

According to Sun, sadly, the current generation of NFT tokens doesn’t offer much in terms of utility and that this is something that needs to be addressed if this particular digital asset class hopes to grow exponentially in the near future.

He emphasized his point by saying that during this important segment of Web3 development, these customizable tokens will be the focal point of many advancements and projects.

For its part, TRON seems to be doing well in this department as its NFT ecosystem also managed to record an uptick in terms of trade count and trade volume.

TRONUSD trading at $0.05157304 on the weekend chart | Featured image from Coin Payments Blog, Chart: TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.