Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

A look at what lies ahead for the Tron network

Altszn.com by Altszn.com
November 5, 2023
in Solana
0
A look at what lies ahead for the Tron network
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter



  • Tron outperformed other layer 1 networks in terms of activity.
  • The price of TRX grew, however, sentiment around the token fell.

Tron [TRX] has been one of the protocols that has gained a lot from the recent surge in bullish sentiment across the market. Not only has it seen an uptick in price over the past month, but it also saw a surge in activity on its protocol.


Realistic or not, here’s TRX’s market cap in BTC terms


Number one in terms of layer 1

According to recent data, Tron surpassed all other layer 1 networks in terms of activity.

Layer 1 Network Activity#Tron $TRX#BNBChain $BNB#NEARProtocol $NEAR#Bitcoin $BTC#Polygon $MATIC#Ethereum $ETH#Solana $SOL#Sui $SUI#Cardano $ADA#Cosmos $ATOM

Source: @Artemis__xyz pic.twitter.com/U7hxnTROiS

— Sjuul | AltCryptoGems (@AltCryptoGems) November 3, 2023

Tron’s recent accomplishment in surpassing all other layer 1 networks in the sector holds the potential for several positive outcomes.

Firstly, it enhances Tron’s standing and credibility within the blockchain community. This achievement showcases the network’s technical prowess and reliability, making it a more attractive option for developers and users.

Moreover, this could lead to increased adoption as developers and projects may be more inclined to build on Tron due to its superior performance.

A surge in decentralized applications (dApps) and growing network activity can be expected.

Tron’s newfound prominence also provides a competitive edge in the blockchain space. It positions the network as a robust player, drawing the interest of investors and businesses seeking a dependable blockchain platform.

Looking at the DeFi metrics

In terms of the DeFi sector, Tron’s TVL and DEX volumes grew materially. Firstly, a substantial rise in TVL indicates that more assets are being locked into DeFi protocols on the Tron network.

This can lead to a more secure and robust DeFi environment, attracting both users and developers looking for safer platforms.

Higher DEX volumes indicate increased trading and liquidity within the network. More trading activity often implies a more vibrant and active DeFi ecosystem, which can draw the attention of traders and investors.

Source: Artemis


Is your portfolio green? Check out the TRX Profit Calculator


At press time, TRX was trading at $0.098. The weighted sentiment around TRX, however, has declined. This showed that despite the price of TRX rising, people’s sentiment around TRX was negative on the social front.

Additionally, the development activity on Tron also fell.

Source: Santiment





Read More: ambcrypto.com

Tags: AheadLiesNetworkSolanaTRON
ADVERTISEMENT

Recent

Coinbase hack shows the law probably won’t protect you: Here’s why

Coinbase hack shows the law probably won’t protect you: Here’s why

May 29, 2025
Tim Berners-Lee says DNS should have been more decentralized

Tim Berners-Lee says DNS should have been more decentralized

May 29, 2025
Genius Act to solidify US dollar dominance in Web3 digital economy

Genius Act to solidify US dollar dominance in Web3 digital economy

May 29, 2025

Categories

  • Bitcoin (4,586)
  • Blockchain (10,902)
  • Crypto (8,849)
  • Dark Web (465)
  • DeFi (8,161)
  • Ethereum (4,616)
  • Metaverse (6,938)
  • Monero (255)
  • NFT (1,163)
  • Solana (4,944)
  • Web3 (20,003)
  • Zcash (472)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Coinbase hack shows the law probably won’t protect you: Here’s why

    Coinbase hack shows the law probably won’t protect you: Here’s why

    May 29, 2025
    Tim Berners-Lee says DNS should have been more decentralized

    Tim Berners-Lee says DNS should have been more decentralized

    May 29, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 107,249.00
    • ethereumEthereum (ETH) $ 2,649.71
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.28
    • bnbBNB (BNB) $ 682.42
    • solanaSolana (SOL) $ 170.04
    • usd-coinUSDC (USDC) $ 0.999807
    • dogecoinDogecoin (DOGE) $ 0.220179
    • cardanoCardano (ADA) $ 0.739623
    • tronTRON (TRX) $ 0.275980
    • staked-etherLido Staked Ether (STETH) $ 2,646.26
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,754.00
    • suiSui (SUI) $ 3.57
    • wrapped-stethWrapped stETH (WSTETH) $ 3,178.66
    • hyperliquidHyperliquid (HYPE) $ 32.19
    • chainlinkChainlink (LINK) $ 15.42
    • avalanche-2Avalanche (AVAX) $ 22.88
    • stellarStellar (XLM) $ 0.283867
    • the-open-networkToncoin (TON) $ 3.40
    • leo-tokenLEO Token (LEO) $ 9.04
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 411.57
    • hedera-hashgraphHedera (HBAR) $ 0.182530
    • litecoinLitecoin (LTC) $ 95.68
    • usdsUSDS (USDS) $ 0.999864
    • wethWETH (WETH) $ 2,641.17
    • polkadotPolkadot (DOT) $ 4.49
    • wrapped-eethWrapped eETH (WEETH) $ 2,819.99
    • moneroMonero (XMR) $ 340.10
    • bitget-tokenBitget Token (BGB) $ 5.23
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999297
    • pepePepe (PEPE) $ 0.000014
    • ethena-usdeEthena USDe (USDE) $ 0.999349
    • pi-networkPi Network (PI) $ 0.707636
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,017.00
    • whitebitWhiteBIT Coin (WBT) $ 31.50
    • uniswapUniswap (UNI) $ 6.83
    • aaveAave (AAVE) $ 255.44
    • daiDai (DAI) $ 0.999851
    • bittensorBittensor (TAO) $ 424.54
    • nearNEAR Protocol (NEAR) $ 2.85
    • aptosAptos (APT) $ 5.31
    • okbOKB (OKB) $ 52.03
    • jito-staked-solJito Staked SOL (JITOSOL) $ 204.83
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • tokenize-xchangeTokenize Xchange (TKX) $ 36.47
    • ondo-financeOndo (ONDO) $ 0.920742
    • internet-computerInternet Computer (ICP) $ 5.46
    • crypto-com-chainCronos (CRO) $ 0.096822
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
    • bitcoinBitcoin (BTC) $ 107,249.00
    • ethereumEthereum (ETH) $ 2,649.71
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.28
    • bnbBNB (BNB) $ 682.42
    • solanaSolana (SOL) $ 170.04
    • usd-coinUSDC (USDC) $ 0.999807
    • dogecoinDogecoin (DOGE) $ 0.220179
    • cardanoCardano (ADA) $ 0.739623
    • tronTRON (TRX) $ 0.275980
    • staked-etherLido Staked Ether (STETH) $ 2,646.26
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 106,754.00
    • suiSui (SUI) $ 3.57
    • wrapped-stethWrapped stETH (WSTETH) $ 3,178.66
    • hyperliquidHyperliquid (HYPE) $ 32.19
    • chainlinkChainlink (LINK) $ 15.42
    • avalanche-2Avalanche (AVAX) $ 22.88
    • stellarStellar (XLM) $ 0.283867
    • the-open-networkToncoin (TON) $ 3.40
    • leo-tokenLEO Token (LEO) $ 9.04
    • shiba-inuShiba Inu (SHIB) $ 0.000014
    • bitcoin-cashBitcoin Cash (BCH) $ 411.57
    • hedera-hashgraphHedera (HBAR) $ 0.182530
    • litecoinLitecoin (LTC) $ 95.68
    • usdsUSDS (USDS) $ 0.999864
    • wethWETH (WETH) $ 2,641.17
    • polkadotPolkadot (DOT) $ 4.49
    • wrapped-eethWrapped eETH (WEETH) $ 2,819.99
    • moneroMonero (XMR) $ 340.10
    • bitget-tokenBitget Token (BGB) $ 5.23
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999297
    • pepePepe (PEPE) $ 0.000014
    • ethena-usdeEthena USDe (USDE) $ 0.999349
    • pi-networkPi Network (PI) $ 0.707636
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,017.00
    • whitebitWhiteBIT Coin (WBT) $ 31.50
    • uniswapUniswap (UNI) $ 6.83
    • aaveAave (AAVE) $ 255.44
    • daiDai (DAI) $ 0.999851
    • bittensorBittensor (TAO) $ 424.54
    • nearNEAR Protocol (NEAR) $ 2.85
    • aptosAptos (APT) $ 5.31
    • okbOKB (OKB) $ 52.03
    • jito-staked-solJito Staked SOL (JITOSOL) $ 204.83
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • tokenize-xchangeTokenize Xchange (TKX) $ 36.47
    • ondo-financeOndo (ONDO) $ 0.920742
    • internet-computerInternet Computer (ICP) $ 5.46
    • crypto-com-chainCronos (CRO) $ 0.096822
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17