Tron (TRX) Mainnet Surpasses 600k Accounts Despite Bear Market
Shrikar Parashar Posted On November 16, 2018 
Justin Sun, CEO of Tron has revealed that the Mainnet accounts have surpassed the 600k mark as of November 16th.
According to data from TronScan.org there are a total of 601339 addresses at the time of writing. Exactly about a month ago 500k addresses were created on the Tron network, the network has grown by over 100k addresses in just a month.
Image Source: Tronscan.org
The network also crosses the 4 Million mark in Block height which is a remarkable growth on the Blockchain. Data from Blocktivity indicates Tron to be the 4th most Active Crypto network after WAX, EOS, and Bitshares.
Justin Sun, CEO of Tron Tweeted:
As of November 16th, 14:00(SGT), #TRON mainnet accounts surpassed 600K in143 days. Go #TRON. #TRX $TRX pic.twitter.com/1Jx4ikGsY0
— Justin Sun (@justinsuntron) November 16, 2018
Although the data shows great numbers, it is still hard to estimate how many of the accounts are created as spam or by the same parties. With an absence of multiple data sources, it cannot be verified whether the transactions and activity going on is a reliable metric to be relied on.
Developments in Tron
The first Decentralized exchange went live on the Tron network recently. There are already over 10 tokens listed on the DEX and recently hit a 185 Million TRX in trading volume in a day. Sun is eyeing for 500 Million TRX to be traded in the next milestone.
Sun Tweeted: Trx.market reached 184.5 million
$TRX today. Double everyday for 5 days! It is crazy party now!#TRON#TRX
According to the data from Tron, the peak daily transaction volume on a single day reached 1.39 Million which is higher than Ethereum’s peak value. The Sun led Cryptocurrency is even doing better than EOS in the number of accounts leading by 110%.
Justin Sun Tweeted:
In the past 46 days, #TRON has welcomed another period of rapid development. During this time, our core data indicators as well as the entire #TRON ecosystem experienced significant growth. Here is an update for all #TRONICS. #TRX $TRX https://t.co/hSkX9gumMS pic.twitter.com/tW5qDvY6uw
— Justin Sun (@justinsuntron) November 16, 2018
The volumes on the exchanges, however, remain low. TRX also took a hit in the flash crash that happened recently dropping from $0.022 to a bottom of $0.0175. It has since recovered to $0.019 and currently has a market cap of $1.25 Billion.
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
