Tron has surpassed the 51.66 million block height mark with 7,343 nodes across the network.
Tron holds the second-highest Total Value Locked (TVL) among blockchain networks, with a significant sum of $5.61 billion locked across 22 protocols. 

Tron’s native cryptocurrency, TRX, can now be used on the Ethereum (ETH) blockchain thanks to the utilization of the BitTorrent (BTT) Bridge. This integration allows TRX to tap into the vast decentralized finance (DeFi) ecosystem, considered the largest in the industry. 

Justin Sun, the founder of Tron Network, shared in a tweet that TRX has achieved “full accessibility within the Ethereum ecosystem,” providing the contract address for the token as well. The BitTorrent Bridge offers a convenient and efficient solution for transferring assets between blockchains compatible with the Ethereum Virtual Machine (EVM) and the Tron network. This bridge facilitates seamless and speedy asset movement between these platforms.

This step will enhance TRX’s liquidity and promote its utilization within DeFi protocols. Ethereum is the leading DeFi ecosystem, with DeFillama data indicating that the total value of assets locked in over 800 protocols exceeds $80 billion.

At the same time, Tron holds the second-highest Total Value Locked (TVL) among blockchain networks, with a significant sum of $5.61 billion locked across 22 protocols. According to data from Crypto News Flash, TRX has experienced a 0.20 percent increase in the past 24 hours and is currently trading at a value of $0.0775 at the time of this report.

Tron’s Blockchain Height Hits New High

The official Twitter account of the TRON blockchain network, known as TRON DAO, provided an overview of the protocol’s achievements between May 29th and June 4th. According to data provided by the blockchain network, it has surpassed the 51.66 million block height mark with a total of 7,343 nodes across the network.

#TRON Weekly Report 5.29-6.04

#TRON blockchain height exceeded 51.66 million.
The total number of accounts on #TRON reached 163,534,456.
The total number of transactions on #TRON reached 5.72 billion.
The #TVL on #TRON reached $12.6 billion.https://t.co/twZiDTDSOV

— TRON DAO (@trondao) June 7, 2023

Additionally, TRON stated that the total number of accounts on the TRON mainnet had reached 163,534,456, and an impressive 1,510,259 accounts were added during the week. Furthermore, the total number of transactions on TRON has reached 5.72 billion, with an additional 62.39 million new transactions recorded this week. Also, the Total Value Locked (TVL) on TRON has reached an impressive $12.6 billion.

Furthermore, this is exciting news for the Tron community, as this announcement comes after Justin Sun, TRON’s founder, took to his Twitter account to share that the blockchain network has recorded 10,935,762 transactions in a single day. 

With these new achievements, TRON has firmly established itself as a prominent participant in the blockchain sector by demonstrating its growing popularity and widespread adoption. This accomplishment provides solid evidence of TRON’s position as a significant player in the industry.

Tron plans to launch a significant network upgrade known as GreatVoyage-v4.7.2 Periander in June. The precise details and features of the upgrade are currently under discussion and finalization. This upgrade aims to introduce favorable enhancements to the network, such as improvements to Stake 2.0 and granting users increased flexibility in withdrawing cash linked to unstaking transactions.

Der Beitrag TRON Reaches New Heights: Blockchain Surpasses 51.66 Million, Accounts Hit 163.5 Million, Transactions Soar to 5.72 Billion, TVL Reaches $12.6 Billion erschien zuerst auf Crypto News Flash.

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Filed under: Bitcoin - @ June 8, 2023 5:17 pm