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BTC $43875.49 (-7.7%)
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BCH $549.50 (-11.%)
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ADA $2.14 (-9.1%)
DOGE $0.21 (-10.%)

TRON Achieves High Growth, Performs Better Than Alternatives

Tron-Network-Growing-Day-by-Day
  • TRON network is growing fast and is achieving major milestones.
  • Recently it made the news for performing much better than alternatives in the market.
  • Stablecoins have also contributed to TRON’s success.

Justin Sun’s brainchild TRON is growing at an exponential rate and the CEO is not liking the attention deficit it is facing. Most recently, the founder took to Twitter to promote the news of Tron’s 67th voting request approval.

In the Tweet thread, Sun further shared that the content of this voting request was to increase the bandwidth unit price as well as the contact creation account fees. This was to curb the growth rate of low-value TRC10 transactions and reduce their harm to the TRON network.

Further, recently TRON along with its famous founder made the news for performing much better than alternatives in the market such as Polygon. This is not just some tall claim, as there is real data backing it.

As per an analysis conducted by DappRadar, Tron’s most popular exchange JustSwap beat QuickSwap in terms of unique active users in this last month. The latter is based on Polygon. In the 30-day period that ended on July 19, JustSwap gained about 200,000 unique users. This is an increase of more than 200%, in comparison with just a 1% increase in the same time period on QuickSwap.

Originally, QuickSwap held the second position on DappRadar’s exchange ranking. However owing to this rise in unique users, JustSwap has replaced it.

In an interview with Coindesk, Justin Sun said,

“We have always been bigger than Polygon, but many in the markets have underestimated us. After all, Polygon has been a bit more high profile, and we are relatively low-key,” Sun added.

Stablecoins have also contributed to this successful milestone for TRON.

Early in the month, the circulating supply of USD Coin (USDC) on the Tron blockchain exceeded 108 million. The blockchain achieved this in less than a month. This was also suggestive of crypto traders turning to other blockchains. Specifically, those that were cheaper and faster than Ethereum.

With TRON growing so rapidly, it’s not weird to expect it to become one of the top blockchains around. It will serve as a stable competitor to leading blockchains such as Ethereum, Polygon, as well as Binance Smart Chain.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.