- The total count of transactions recorded since launch went past 6.5 billion.
- Tron logged a decent growth rate of 2.23% in TVL over the last month.
Riding high on impressive on-chain indicators, adoption of disruptive technologies, and high-profile partnerships, layer-1 network Tron [TRX] has become a force to reckon with in the crypto space.
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Tron’s status check
A thread posted by Luganodes on X delved into the ecosystem and revealed vital information regarding the state of the proof-of-stake network.
Most importantly, Tron saw considerable improvements in its network traffic. Over the last few weeks, an average of 5 million daily transactions were executed on the network, as per data from Tronscan.
With this, the cumulative count of transactions recorded since launch went past 6.5 billion.
Notably, the growth in transaction count over the last month was majorly driven by a 39% increase in smart contracts triggered.
Apart from promising on-chain indicators, Tron also witnessed sizable capital infusion. In fact, it was the second-largest blockchain in terms of total value locked (TVL) at the time of writing, worth $6.69 billion, according to DeFiLlama.
The TVL has been steadily rising over the past two months as shown below. Tron logged a decent growth rate of 2.23% over the last month. In contrast, other major smart contracts networks like Ethereum [ETH] and BNB Chain witnessed monthly declines in TVL.
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Author: Aniket Verma
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