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How is TRON Doing Lately? Updates on the Network and Future Collaborations

How is TRON Doing Lately? Updates on the Network and Future Collaborations

Posted Monday, October 4, 2021 by
Sophia Cruz • 1 min read

TRON is an advanced decentralized protocol that primarily integrates with entertainment apps; the name of its token is Tronix (TRX). TRON Foundation, led by founder and CEO Justin Sun, saw massive transactions last month, and it ranks second on a list of total blockchain transactions per month, with 2.46 billion transactions in the previous month and processing on the growth of 2,000 transactions per second, unlike BTC, which only had 6 TPS and Ethereum, which had just 25 TPS.

However, the price of TRX is not showing any confident movement in the market. But despite these price devaluations, the growth in the number of users is increasing. Starting with 18,633 accounts in January, it had risen by more than 140% by the end of June, with a total of 44,726 accounts. Daily signups are decreasing, which suggests that users are holding onto their TRX, with the expectation of gaining TRON Power.

Justin Sun’s creative strategies come from collaboration with blockchain companies with respected names in the industry, including oBike, Bimain, ZAG-S&W, BitTorrent and Poloniex. Another project that focuses on the improvements of TRON in the DeFi space is the JUST Foundation. JUST Foundation’s elite team have introduced Just Lend and Just Swap, which will utilize DeFi protocols and promise seamless financial solutions to its users. Just Lend is a decentralized lending protocol that allows users to provide, earn, and lend tokens anytime. On the other hand, Just Swap is an exchange platform for TRC20 tokens, making trading simple, with a wallet and LP Pools.

TRON Foundation’s strategic projects have gained the trust of many individuals. There is no doubt that the price of TRX may reach $1 in the future. TRON (TRX) is currently trading at $0.08727, with a trading volume of $1,220,410,964 in the last 24 hours. 

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