Tron (TRX) has seen a continuous increase in transaction volume and smart contract activity, with the latter accounting for more than 60% of all transactions on the Proof-of-Stake (PoS) blockchain.
At the time of publication, the total number of cumulative transactions was 2,940,311,757. 1,793,930,515 smart contracts were triggered out of this total. In other words, according to TRONSCAN's data analysis, smart contracts accounted for 61.01 percent of Tron transactions.
Notably, the number of smart contract transactions has gradually increased over time, paralleling the rising trend in the overall number of transactions. Smart contract transactions make up a considerable fraction of the overall number of cumulative transactions, despite the fact that it hasn't been followed as attentively as it was two years ago.
The price of Tron decreases, but not the level of optimism.
Tron's price was $0.06 at press time, down 1.5 percent from seven days ago and 5.59 percent from a month ago, according to CoinMarketCap statistics. On November 15, the TRX token was trading at $0.12 (97.99 percent higher than it is currently), while its all-time high was $0.22 on May 1, 2018.
TRON DAO revealed in a recent weekly report for the period of February 28 to March 6 that the total number of accounts on its blockchain had approached 80 million, and that the total value locked (TVL) on TRON had surpassed $8.3 billion.
At the same time, according to the blockchain, TRX became the world's fastest-growing public chain on March 4, with over 80 million total accounts and 2.9 billion total transactions. Tron was the third most purchased token on the Binance Smart Chain (BSC) as of December 11, according to Finbold, with an average 24-hour buy sum of $9.392 and an average token quantity of 103,648.
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