Justin Sun has broken the news to the community, informing members that TRON has registered its best figure for daily transactions. Per the announcement, TRON processed a total of 10,935,762 on May 31, 2023. What makes this achievement significant is the fact that this feat has come during the Crypto Winters.
Despite the crypto winter, #TRON continues to defy expectations, posting impressive growth. The network hit a new record high in daily transactions just yesterday, with a 10,935,762 transactions processed. pic.twitter.com/Unn45CCUvg
— H.E. Justin Sun🌞(hiring) (@justinsuntron) June 1, 2023
Meaning tokens are not really doing their best, and transactions are falling behind on other networks. For instance, BTC has slipped below the mark of $27,000 by touching the value of $26,901.30 at the time of articulating this informational piece. Similarly, ETH has slipped below $2,000 once again to dance around $1,862.26 at the moment.
Calling this a major milestone, Justin has highlighted in the announcement that it represents nothing but the growing popularity of the network along with its widespread usage. Moreover, it is a testament to the network’s quality and efficiency for TRON.
Moving forward, TRON aims to double the transaction volume in the next year. The strong fundamentals of TRON have survived the tough tides of the market. Justin states that this is the result of their continuous hard work and improvement to deliver the actual results.
TRON achieving its highest daily transaction volume comes days after TRON announced partnering with BitTorrent to push for a larger number of projects in their ecosystem. It was complemented by Huobi Global increasing its listing.
Notably, May also saw TRON having more than 1.5 million addresses active daily, putting it way above other chains like Solana, Ethereum, and Arbitrum. It was observed that TRON locked over 7 million transactions daily for the past two months. Transactions to stand out the most during the said period included USDT transfers, making up for 40% of network activity.
TRON continues to grow amid crypto winter, riding high on hard work and delivery of results. It processed 10,935,762 transactions on May 3, 2023. The aim, now, is to double the transaction volume in the next year. It is truly a significant milestone on which the future prospects will be built.
The number demonstrates the rising popularity of TRON along with the widespread usage of its protocol. More focus will be put on increasing the quality and efficiency of TRON’s network via strong fundamentals.
As for the trading value of the native token, TRON can be seen changing hands at $0.075. This is a downfall of 3.42% in the last 5 days; however, the value is more or less equivalent to yesterday’s number. The highest it clocked was $0.078 on May 28, 2023, again throughout the last five days. For more insights into where TRON is headed next, check out the latest TRON price prediction.
The only relief at the moment is that TRON is putting up a brave fight to bounce from the lowest mark of $0.074 earlier today. There is speculation that TRON will cross the $1 mark, but that is pretty far-fetched.
