The tokens of blockchain platform Tron have recorded a 5.08% surge in the past day and 16.22% in the past week to trade at about $0.08146, driven by a rising number of addresses.
The network added 1,476,689 new accounts in the past week between May 16 and May 22 to bring the total addresses to 93,653,586.
The total number of network transactions has grown to about 3.21 billion, with 33.59 million new ones recorded in the past week. The total value locked in the blockchain has reached $9.2 billion.
TRON has seen an increase in the number of transactions and smart contract activity in the network, with smart contracts making up more than 60% of transactions in the proof-of-stake blockchain.
Tron has surpassed the blockchain height of 40.79 million, with 5,963 nodes across the blockchain. The network’s founder Justin Sun will reportedly be exhibiting rare non-fungible tokens in Berlin on May 25.
📢#TRON Weekly Report 5.16 – 5.22— TRON DAO (@trondao) May 24, 2022
✅#TRON blockchain height exceeded 40.79 million.
✅The total number of accounts on #TRON reached 93,653,586.
✅The total number of transactions on #TRON reached 3.21 billion.
✅The #TVL on #TRON reached $9.2 billion.https://t.co/gOXeZrogLe