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Information about TRON (TRX)
TRON is a highly scalable, high-bandwidth blockchain platform that allows developers to create Smart Contracts and develop dApps.
TRON is a blockchain-based operating system that ensures the technology is suitable for everyday use. While Bitcoin can handle up to six transactions per second and Ethereum up to 25 transactions per second, TRON claims that their network has a capacity of 2000 TPS—24/7.
The project is a decentralized platform focused on content sharing and entertainment, and ultimately, one of the project’s biggest acquisitions was the file-sharing service BitTorrent in 2018. Overall, TRON has divided its goal into six phases:
TRX acts as a Governance token on the TRON platform. TRX holders can freeze their cryptocurrency to receive Tron Power, whereby they can vote for a “super representative” who acts as a block producer. These block producers receive TRX rewards for verifying transactions, and the rewards are then distributed to those who voted for them.
News
On Thursday, World Liberty Financial (WLFI) moved 775,000 USD in USDC to a wallet focused on altcoin purchases, enhancing its investment strategy.
WLFI’s portfolio has expanded to include eleven cryptocurrencies, notably Ethereum, AVAX, LINK, and Tron, reflecting a broad diversification.
The company is collaborating with the Sui blockchain and plans to launch a stablecoin, USD1, redeemable for US dollars, aimed at institutional investors.
Tron has generated 12.3 million USD in fees, while Ethereum has reached 6.69 million USD. Despite Ethereum’s fee increase of 89%, Tron maintained a slight fee rise of less than 5%. This week, Tron also led in transaction volume with 56.7 million, vastly outpacing Ethereum’s 8.4 million.
Tron has over 6.1 million active addresses, significantly higher than Ethereum’s 2 million, indicating a shift in user engagement. In March, Tron was the most profitable blockchain, accumulating 51.35 million USD in fees, highlighting its growing appeal for low-cost transactions.
Tron (TRX) has shown a price increase of 4.39% in 24 hours, currently priced at 0.2358 USD. Meanwhile, Dogecoin (DOGE) has a market cap of 22.47 billion USD, valued at 0.1514 USD. Tron requires an increase of about 150 million USD to surpass DOGE.
Tron is recognized for its strong ecosystem, particularly with Tether (USDT) and significant staking volume for its USDD coin. As the demand for Tron’s solutions grows, it is positioned as a strong competitor against other established cryptocurrencies.
Donald Trump has reiterated the necessity for robust global crypto standards, indicating that countries are currently engaged in conversations with the U.S. Regarding this matter.
Citadel Securities is preparing to enter the cryptocurrency market by 2025, with expectations of enhanced liquidity that may affect smaller market players due to increased resource concentration.
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