Tag: tron (trx) news

Feb 24 2021

Tron’s (TRX) DeFi Ecosystem Exceeds $5.7B in Total Value Locked

In brief: Total value locked in Tron's DeFi ecosystem has now exceeded $5.7 Billion Tron's proposal 51 has increased investors confidence in TRX as the digital asset is now deflationary TRX's value has more than doubled in value since the beginning of the year The Tron (TRX) Defi ecosystem has reached a new milestone in the form of total value locked. According to...

Feb 10 2021

Tether’s (USDT) Market Cap Has Increased by 45% in 2021 Exceeding $30B

Quick take: Tether's (USDT) market cap has increased by 44.9% since the beginning of 2021 hitting $30.33 Billion Demand for stablecoins has increased as traders look for fiat onramps Furthermore, DeFi on both Tron and Ethereum has accelerated the use of USDT The market capitalization of Tether (USDT) has increased by a whopping 44.9% since the beginning of 2021 to hit a new...

Jan 29 2021

Tron’s Justin Sun Joins r/WallStreetBets, Pledges to Buy $10M in GME

Jan 29 2021 Published at Ethereum World News under tags  tron (trx) tron (trx) news

Summary: Justin Sun is officially part of the WallStreetBets community He has pledged $10 million towards buying Gamestop (GME) Mr. Sun had initially pledged $1 Million worth of Gamestop (GME) The WallStreetBets community is now very much interested in Tron (TRX) The Founder of Tron (TRX), Justin Sun, has just pledged to buy $10 million worth of Gamestop (GME) stock tonight to assist...

Jan 26 2021

Tether’s (USDT) Market Cap Exceeds $25B, With $5B Issued in One Month

Quick take: The market capitalization of Tether (USDT) has just passed the $25 Billion mark $5 Billion of which was issued in the last month According to the Tether balance-sheet, the company has $25.139 Billion in total assets The use of USDT on Tron has seen a significant increment as Tether users avoid high fees on Ethereum The market capitalization of the popular...

Jan 21 2021

Over $9.3 Billion Tether (USDT) has Been Issued on Tron (TRX)

Quick take: $9.395 Billion in Tether (USDT) has been issued on the Tron (TRX) blockchain Justin Sun celebrated the milestone, highlighting that it took 644 days to acheive Demand for USDT on Tron is growing due to cheaper more efficient transactions Tron also hosts WBTC, WETH and WLTC with Justin hinting at more wrapped digital assets underway The amount of Tether (USDT) issued...

Dec 25 2020

Tron (TRX) Makes an Entry into NFTs with the TRC-721 Standard

Summary: Tron (TRX) has launched its first NFT standard dubbed TRC-721 The NFT standard was launched to allow each token to have its own unique value The NFT market on the Ethereum blockchain has been thriving with some tokens fetching 6 figures The Tron (TRX) network now has its own NFT standard protocol. Yesterday, the team at the Tron Foundation announced the launch...

Dec 05 2020

Tron’s Daily Active TRX Wallets Hit All-Time Highs in November

Quick take: The number of daily active Tron wallets hit an all-time high in November According to DappRadar, this figure exceeded 150k Tron's total transaction volume in November was $578 million, a 13% decrease from October High-risk Dapps are a major contributor to Tron's transaction volume The blockchain network of Tron (TRX) experienced all-time highs in terms of daily active wallets. According to...

Nov 27 2020

Ethereum is now a Wrapped Token on the Tron (TRX) Network

Quick take: Justin Sun announced the launch of wrapped Ethereum on the Tron Network The token goes by the ticker of ETHTRON The Wrapped Ethereum injects ETH's value on the Tron network It is available on Poloniex and redeemable on a 1:1 ratio with actual Ethereum The digital asset of Ethereum is now available on the Tron (TRX) Network. The project's founder and...

Nov 20 2020

Ethereum is Like iPhone, Tron (TRX) is Like Android – Justin Sun

Quick take: Justin Sun has likened Ethereum to the iPhone and Tron to the Android operating system According to Justin, not everyone can afford an iPhone Android has thus emerged as the go-to platform for smartphones due to its lower cost In a similar manner, Tron will become the go-to platform for blockchain developers and users due to its cheaper transactions and scalability...

Nov 14 2020

Tron’s (TRX) Total Transaction Volume in October Surpasses Ethereum’s

Quick take: In the month of October, Tron and Ethereum generated $280 million and $159 Million in transaction volume respectively Tron's daily active addresses increased by 248% in the month of October Ethereum's daily active addresses rose by 10% in the same time period TRONCHAIN and TRON2GET were the 2 Dapps behind Tron's impressive growth The month of October has been an active...

Nov 06 2020

The Tron (TRX) Network Now Hosts 15k Wrapped Bitcoin

Quick take: The amount of Wrapped Bitcoin on Tron now stands at 15,000 This number is a 5x increment in less than a month BTCTRON now has 2,468 holders and users have transacted 46,397 using the digital asset Transactions on the Tron network have now exceeded 1.3 Billion This past week and when Bitcoin was breaking the $14k and $15k price ceilings, the...

Nov 02 2020

Tron Fdn. To Compensate TRON Community in OKEx Worst Case Scenario

Summary: Justin Sun and the Tron Foundation have pledged to honor all Tron based tokens still stuck on the OKEx exchange This includes TRX, BitTorrent (BTT), Just (JST) and Sun (SUN) tokens It has been over 2 weeks since withdrawals of all digital assets were suspended at OKEx The move by Justin Sun and the Tron foundation is meant to shield the Tron...

Oct 30 2020

TRON Launches JustLink, the ChainLink Equivalent on the TRX Network

Summary: Tron has launched JustLink, an oracle on the Tron network to power smart contracts with real-time data JustLink is 'the answer for ChainLink on the Tron network' JST will be the native token of JustLink If JustLink is Tron's version of ChainLink, JST should thrive in the crypto markets just like LINK The team at Tron (TRX) and the JUST foundation has...

Oct 24 2020

Justin Sun: Tron’s Daily New Accounts Have Increased by 20x Since May

Quick take: Justin Sun has pointed out that the number of daily new accounts on TRON has increased by a factor of 20 since May this year The Tron ecosystem has been growing with BitTorrent recently acquiring the streaming platform of DLive.tv Tron is once again above the $0.026 price zone and could be on a path to retest $0.030 Tron's founder and...

Oct 17 2020

TRX & 5 TRON Based Tokens Could Soon Be Supported by Coinbase Custody

Quick take: Coinbase Custody has announced that it is exploring supporting multiple digital assets On the list is TRX and five popular TRON based tokens The latter include BitTorrent (BTT), Just (JST), Just Stablecoin (USDJ), WINK (WIN) and Sun Token (SUN) Coinbase Custody is a trusted crypto custodian with its core clients being institutional investors Support on Coinbase Custody could open the door...

Oct 11 2020

Tron (TRX) is now Home to 3,000 Wrapped Bitcoin (BTC)

Quick take: There are now 3,000 Bitcoin (BTC) on the Tron blockchain BTCTRON is a type of wrapped Bitcoin on the TRON blockchain Bitcoin on the Tron blockchain is beneficial to yield farmers or those who want the value of BTC plus the efficiencies of Tron Tron founder and CEO, Justin Sun, recently shared a new milestone on the TRON blockchain in the...

Oct 08 2020

Report: Tron (TRX) Needs to Start Moving Soon or Become a Sinking Ship

Quick take: The team at UpBlock has done a macro analysis of Tron in which they conclude that TRX needs to start moving soon or risk becoming a sinking ship Furthermore, Tron has demonstrated 'disappointing price action and no clear movement or bullish signs' TRX is currently trading above the $0.025 support zone with the daily chart pointing towards more sideways The team...

Oct 04 2020

Tron’s (TRX) DeFi Transaction Volume Increased by 2,577% in Q3, 2020

In summary: Tron continues to immerse itself into DeFi making a dent in Ethereum's dominance Tron's Defi Transaction Volume increased by 2,577% in Q3 Tron's price has grown a remarkable 64% in the third quarter of 2020 due to DeFi The team at DappRadar has released its Q3 Dapp Industry report which concludes that the Tron Ecosystem has experienced significant growth due to...

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