- The total number of accounts on Tron gradually approached 200 million.
- TRX’s movement has been flat, but remained at $0.1.
At the time of printing, Tron [TRX] was approaching a major milestone in the total number of accounts within its network.
As we expect to reach this milestone, what is the average number of active accounts and the current status of Tron’s Total Value Locked (TVL)?
Tron is approaching major milestones
AMBCrypto’s analysis of TronScan revealed compelling statistics about the network’s performance. The total number of accounts was steadily approaching the 200 million milestone at the time of writing, reaching 199.4 million.
A whopping 145,000 new accounts have been added in the last 24 hours alone. According to the latest data, the network had more than 1.7 million active accounts.
Moreover, the total transmission volume on the network is about to reach a major milestone. At the time of writing, the total transfer volume was over $9.8 trillion, almost reaching the $10 trillion milestone.
In the past 24 hours, the transfer volume amounted to more than 6.3 billion dollars. These numbers underscored the robust activity and growth within the Tron network.
Tron maintains the second largest TVL
Tron boasts one of the most substantial Total Value Locked (TVL) figures, and DefiLlamas data underlined the magnitude of this achievement.
According to DefiLlamaTron’s TVL ranked second after Ethereum [ETH]. At the time of writing, Tron’s TVL was around $8 billion. This contributed significantly to the total TVL, which was approximately $50 billion.
Ethereum leads the pack with a TVL of over $28 billion, which represents more than half of the total TVL. Tron, with its impressive TVL of over $8 billion, held a significant share, accounting for more than 15% of the total TVL.
Slow but steady TRX
Despite its impressive performance in terms of transfer volume and Total Value Locked (TVL), Tron’s price action is on a relatively muted trend.
AMBCrypto’s analysis of the daily timetable chart showed that TRX has maintained a near-flat price trajectory in recent days.
However, examination of the general trend showed that there had been a gradual increase in recent months.
Source: TradingView
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At the time of writing, TRX was trading up less than 1%. This small increase followed an equally modest decline during the previous trading session.
Despite the slow trend, TRX has managed to maintain a price level around $0.1. Also, the support level remained stable around $0.09.
