In a landmark development in the cryptocurrency space, the network TRON (TRX), which has shown remarkable performance since the activation of its mainnet in May 2018, reached a very significant milestone recently, demonstrating its growth and evolution in its ecosystem.
In a survey shared on April 13, the on-chain platform, IntoTheBlock, revealed that, currently, the network TRON exceeded 100 million addresses with balance. This achievement represents an impressive milestone for the network.
The TRON network just surpassed 100 million addresses with a balance. an impressive milestone for @trondao 👏 pic.twitter.com/TIoNuQ3jDN
— IntoTheBlock (@intotheblock) April 13, 2024
On April 10, the platform also noted that the weekly transaction volume of the cryptocurrency Tether (USDT) on the TRON network reached $110 billion last week. This amount is equivalent to more than twice what was settled on Ethereum. “Thanks to its low network fees, USDT on Tron has become a way for many people around the world to access the US dollar,” highlighted the analysis.
At the time of publication, the price of TRON (TRX) was quoted at US$0,1145, down 5.3% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$625.846.901.
TRON (TRX) represents an innovative platform that, using technology blockchain and decentralized applications (DApps), aims to promote the decentralization of the internet.
TRON’s Bitcoin Layer 2 Solution
It is worth remembering that in February, TRON founder Justin Sun shared that the TRON network was preparing for the launch of its Bitcoin Layer 2 solution. According to Sun, the goal is to decentralize and intertwine various types of tokens within the TRON network with the Bitcoin network and its layer 2 constructs.
“This innovative approach aims to decentralize and intertwine various types of tokens within the TRON network, including stablecoins, with the Bitcoin network and its layer-2 builds, such as Bitcoin Ordinals, in countless combinatorial ways. This integration will not only link TRON directly to Bitcoin, but will also facilitate access to more than $55 billion in value to the Bitcoin network, thus injecting financial vitality into Bitcoin,” he stated.
Justin Sun highlighted his view that the future will see an expansion of Bitcoin-based assets being interconnected with TRON. According to him, efforts will be made to integrate several TRON tokens, including Tether (USDT), TRON (TRX), BitTorrent (BTT), JUST (JST), Sun Token (SUN), APENFT (NFT), WINkLink (WIN ) and USDC, on the Bitcoin network through cross-chain technology.
