Despite being the tenth largest Cryptocurrency Tron (TRX) has overtaken the fourth largest Cryptocurrency by market cap Stellar (XLM) in the trading pairs on exchanges.
Tron has managed to get 159 trading pairs against various fiat and Crypto currencies whereas Stellar is behind Tron with 157 trading pairs.
According to the data from Coinmarketcap, Tron also has had more volume ($86 Million) on exchanges than Stellar ($68 Million) in the past 24 hours. The majority of Tron’s volume comes from Bit-Z, Bitforex, and Binance exchanges whereas the majority of Stellar’s volume comes from ZB.com, Exrates, and LAToken exchanges.
Justin Sun Tweeted:
Exchange penetration is an important factor in providing liquidity to a Cryptocurrency. Bitcoin and Ethereum are by far the most liquid Cryptocurrencies in the market, increased liquidity not only encourages more trading but also makes the use of a token easier.
TRX is down 0.8% from yesterday trading at $0.013 with a market cap of $886 Million at the time of writing. Even with Bitcoin SV entering the top 10 Cryptocurrencies list, Tron has managed to remain in the Tenth position.
XLM is down 3.2% from yesterday trading at $0.111 with a market cap of $2.13 Billion at the time of writing. Stellar surpassed Bitcoin Cash and EOS to occupy the fourth position after Ethereum.
The Tron network is consistently hitting new milestones, recently Sun announced a new DEX trading platform on Tron. Sun also appealed to the EOS and Ethereum developer communities by introducing a fund. The charming CEO is confident that the network will grow by 400% in December.
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.
Bittensor (TAO) Nears as AI Crypto Sector In the fast-moving world of cryptocurrencies, the AI…
Why , , , and Prices Dropped Today: Will Crypto Bounce Back? The crypto market…
What is XRP and Why Does It Matter? XRP is the native token of the…
Why Stands Out as the to Buy With $100 Today Bitcoin gets all the headlines,…
Figure Technologies : Blockchain Fintech Giant Exposed by Phishing Attack In the fast-growing world of…
Crypto Industry Buzz: , , and The crypto world never sleeps. This week brought big…