- The total number of addresses with a balance on Tron has reached a new high.
- TRX’s value has risen by 40% since the year began as demand persists.
The number of addresses on the public open-sourced blockchain Tron [TRX] has crossed 95 million. This marks an all-time high in the count of addresses with non-zero balance on the network, on-chain analytics platform IntoTheBlock noted in a post on X (formerly Twitter).
According to the data provider, Tron’s address count significantly outpaces other prominent Layer 1 (L1) blockchains like Cardano [ADA] and Avalanche [AVAX], both of which boast 5 million addresses and 7 million addresses, respectively.
The year so far on Tron
An assessment of Tron’s year-to-date (YTD) on-chain activity revealed a rally in new demand for the L1 network since the year began.
AMBCrypto observed Tron’s New Adoption Rate – which measures the daily percentage of new addresses making their first transaction out of all active addresses on a given day, and found that it has climbed by 21% since the 1st of January.
As of 28th February, the network’s New Adoption Rate was 12%, suggesting that out of the 2 million active addresses recorded, 240,000 of those were new addresses.
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Author: Abiodun Oladokun
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