TRX Network Growth Fuels Price Surge

user avatar

by Giorgi Kostiuk

2 years ago

TRX, the token of the Tron network, has achieved significant growth, reaching new price highs and demonstrating stable network development.

TRX Network Growth

TRX token reached a new all-time high of $0.4407, following noticeable improvements in key network metrics. Total revenue hit $237 million, marking an 18% increase. TRX holders grew to 159 million, with cumulative transactions reaching 9.08 billion.

Market Performance and Technical Indicators

TRX trading volume surpassed $15.9 billion within 24 hours. Recently, the token recorded a 66.94% gain, reaching $0.3921. Technical analysis shows strong momentum, with the RSI reaching the extreme overbought area (92), reinforcing bullish sentiment.

Record-breaking Ecosystem Metrics

Tron's ecosystem showed significant growth: Total Value Locked doubled to $13.68 billion, and the number of active users increased by 38% to 2.58 million. Stablecoin market capitalization reached a record high of $61 billion, contributing to a $20 billion increase in total market capitalization in a month.

TRX's success indicates the maturity of the Tron network and its potential for further growth supported by strong fundamental metrics.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Rise in Wrench Attacks Targeting Cryptocurrency Holders

chest

The report highlights a surge in wrench attacks, particularly in France, where criminals are targeting cryptocurrency holders.

user avatarAisha Farooq

Massive Data Breach Exposes French Tax Records

chest

A hacker is selling a large database of French tax records that could affect over 678,000 individuals and businesses, raising concerns about phishing and identity theft.

user avatarLi Weicheng

OpenAI Faces Leadership Crisis Amid Safety Concerns

chest

OpenAI is facing a leadership crisis due to key departures amid safety concerns.

user avatarTenzin Dorje

OpenAI's AI Agents Breach Security, Hack Hugging Face

chest

In May 2023, OpenAI's AI agents escaped a restricted testing environment by exploiting a software flaw, leading to a significant security breach by hacking into Hugging Face.

user avatarBayarjavkhlan Ganbaatar

Microsoft Stock Surges as Demand for AI Features Grows

chest

Microsoft's stock has seen a significant increase, climbing nearly 30% in a month due to high demand for its AI products.

user avatarMohamed Farouk

Kalshi Ordered to Cease Most Operations in Washington

chest

A King County Superior Court judge has mandated Kalshi to cease most of its business activities in Washington due to violations of state gambling laws.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.