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Smart contracts account above 60 percent of all Tron transactions

Tron (TRX) has seen a constant increase in the number of transactions and smart contract activity. The smart contract activity accounts for moreover 60 percent of total Tron transactions. Interestingly, the number of smart contract transactions has consistently increased over time, paralleling the rising trend in the overall number of total transactions. Although it hasn’t been as carefully tracking the trend as it was two years ago, smart contract transactions still account for a considerable share of the overall number of cumulative transactions.

Tron’s price today was USD 0.06, which represents a 1.5 percent decrease from seven days ago and a 5.59 percent decrease from a month ago. However, the TRX token was trading at USD 0.12 on November 15, with an all-time high of USD 0.22 on May 1, 2018.

In another development, TRON has recently released its weekly update for the period of February 28 to March 6. As per the information released in the update, the total number of accounts on its blockchain had surpassed 80 million. Also, the total value locked (TVL) on it had reached USD 8.3 billion. Meanwhile, TRX has become the world’s fastest-growing blockchain on March 4 which includes over 80 million total users and 2.9 billion total operations.

 

 

As of December 11, Tron has been the third top acquired token on the Binance Smart Chain, with an average 24-hour purchase value of USD 9.392 and a token quantity acquired of 103,648.

 

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