![Will TRON’s [TRX] high TPS be enough to improve its DeFi state?](https://i.headtopics.com/images/2023/3/1/cryptoamb/will-tron-s-trx-high-tps-be-enough-to-improve-its--will-tron-s-trx-high-tps-be-enough-to-improve-its--1630894401869234176.webp)
Active accounts and transactions on TRON increased. However, the total value locked on the network declined. According to a 28 February tweet by TRON Community, TRON [TRX] surpassed other major cryptocurrencies such as Ethereum [ETH], Bitcoin [BTC], and Ripple [XRP] in terms of TPS (transactions per second). At press time, TRON’s TPS had increased to […]
Due to this spike in TPS, the overall number of transactions on the TRON network increased from 5.6 million to 7.05 million in the past few days, based on TRONSCAN’s information.The high number of transactions resulted from a surge in activity on the Tron network. Inasmuch, the number of active accounts on the Tron network increased materially over the past few days.
According to Defi Llama’s data, the overall TVL of Tron declined from $5.41 billion to $5.16 billion over the past week. The declining TVL on Tron’s network could prove to be detrimental to its success in the DeFi space in the long run.Tron’s native cryptocurrency, TRX, did not see any growth during this period despite the network’s high activity. Based on Santiment’s data, the volume on TRX declined from 422.51 million to 210.93 million in a month, despite soaring prices.
A declining volume and high volatility could impact the state of TRX negatively in the coming future.Subscribe to get it daily in your inbox.
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