Activity in the Tron ecosystem is booming. It is in this context that it has forged an important partnership whose objective is to improve the transparency of its blockchain data.
Tron, a successful network
So far, the Tron blockchain remains the one with the largest user base. A title highly coveted by the most popular networks. Data from Artemis, a Blockchain data analytics platform, confirms this. More specifically, as pointed out Ambcrypto, the total number of daily active users on Tron has reached 1.87 million in the last 24 hours. BNB Chain comes second with 1.3 million. More surprisingly, networks like Ethereum [ETH] and Solana [SOL] are far behind.
Second, daily transactions on the Tron network have also increased since early May. The network recorded around 9.35 million transactions in the last 24 hours. It’s a little better than on Solana.
Outside of network traffic, Tron’s total value locked (TVL) has also reached new record highs. Indeed, the total value of assets held on the proof-of-stake (PoS) network has risen to $5.45 billion. That’s just a bit larger than Ethereum, the largest PoS network in the world. It is also noted that Tron confirms its position as one of the most conducive chains for trading stablecoins whose total value on the network reached $45 billion.
A partnership for more transparency
Amid encouraging activity on its network, Tron has partnered with Footprint Analytics. This platform specializes in data analysis and makes it possible to link Web2 and Web3. The aim is to use its expertise in improving the usability, security and transparency of data. This collaboration is supposed to provide more advanced tools to the Tron community, in order to “ Unleash the full potential of the blockchain “.
A partnership that will not be too much since we learn that funding rates on most major exchanges were negative. In other words, there were more short position holders betting on price falls.
Around 20.01 million TRX tokens were withdrawn from circulation on May 5. By doing the subtraction with the new injected tokens, it makes a net decrease in the circulating supply of TRX by 14.94 million. Is the speculative interest in TRX reflected in these numbers a good sign?
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