- The price of TRX has risen by more than 2% in the past 24 hours.
- Tron’s volume also increased, but the funding rate turned red.
According to a TRONSCAN tweet from October 15: Tron [TRX] reached a notable milestone when the total number of accounts reached 190 million. This meant that the blockchain is only 10 million accounts away from reaching the 200 million mark.
Realistic or not, here it is TRX market cap in terms of BTC
This was a remarkable achievement, reflecting how rapidly blockchain adoption has increased in the recent past.
Tron adoption is reaching new heights
????An exciting milestone! #TRON‘s total accounts have reached 190,047,298, over 190 million!
????Unsustainable momentum as we continue #To build!
????Appreciation for everyone #TRONICS! pic.twitter.com/X8Gk7Ldlwn
— TRONSCAN (@TRONSCAN_ORG) October 14, 2023
At the time of writing, TRXs total accounts amounted to 190.29 million. Thanks to the increase in the number of accounts, TRX’s total number of transactions also exceeded 6.5 billion.
The growth momentum could increase further as the blockchain had some developments last week, which could boost the adoption rate. Tron DAO posted its weekly report on X (formerly Twitter), highlighting the most notable updates from the past week.
????View #TRON This week’s highlights (October 7, 2023 – October 13, 2023).
????We will keep you informed of the most important news about #TRON And #TRON #Ecosystem. So stay tuned, #TRONICS! pic.twitter.com/umSBRXK01L
— TRON DAO (@trondao) October 15, 2023
According to the report, TRX partnered with DexCheck, an AI-powered analytics platform and blockchain asset trading tool. The new partnership will allow Tron users to better interpret data across the blockchain.
In addition to that cross-chain protocol, Symbiosis also announced its support for Tron. Both developments could have a positive impact on the blockchain, as they encourage further adoption in the coming weeks.
This in turn could help Tron reach the 200 million mark in terms of total accounts soon.
Tron investors are happy
As Tron adoption continued to rise, the token’s price action turned in buyers’ favor. According to CoinMarketCapthe price of TRX has risen by more than 2% in the last 24 hours.
At the time of writing, TRX was trading at $0.08752 with a market cap of over $7.7 billion, making it the 10th largest crypto. According to Santiment, TRXThe company’s trading volume also rose significantly during the price hike, which looked optimistic.
Read Trons [TRX] Price prediction 2023-24
Surprisingly, it is despite the recent price increases TRXThe price volatility of the past one week has fallen sharply in recent days. Furthermore, Tron’s Binance Funding Rate turned red as its price rose, indicating that derivatives investors were reluctant to buy the token at a higher price.
Therefore, the possibility of TRX’s price chart turning red again cannot be ruled out.
Source: Santiment