Tron Network is one of the biggest blockchain networks in the world, and its transaction volume is still increasing, showing more and more usage despite a year of bearish price action. Tronscan, a blockchain explorer and analytics platform, is a great way to track the network’s transaction volume. In this article, we’ll look at what Tron Network and Tronscan are, why the transaction volume is increasing, and whether there is another alternative to TRX with more potential upside.
Introduction to Tron Network and Tronscan
Tron Network is a decentralized blockchain platform that focuses on financial transactions, content, entertainment, and gaming. It was founded by Justin Sun in 2017, and it is one of the largest blockchain networks currently. Billions of dollars flow through the network and it is used as a highly secure way to transfer value.
Tron Network is powered by its native cryptocurrency, Tron (TRX), which is used to pay for transactions on the network, known as ‘gas’. Tron has consistently remained in the top 20 crypto-list for a considerable amount of time.
Tronscan is the blockchain explorer and analytics platform for Tron Network. It provides real-time insights into the network’s transactions, including the number of transactions, the amount of TRX being transferred, and the current price of TRX in USD. Tronscan also has a charting feature that allows users to view the network’s transaction volume over time (one such chart of daily transactions can be viewed above).
Tron Network Transaction Volume
Tron Network’s transaction volume is soaring. Since its launch in 2017, the network’s transaction volume has grown exponentially, from just a few thousand transactions per day to over 10 million transactions per day.
The network’s transaction volume has been increasing steadily for the past year, despite the whole crypto market being bearish, and it shows no signs of slowing down. This is due to the growing number of users and the increasing use of Tron’s applications and services.
Tronscan is a great way to track the network’s transaction volume. The platform provides users with detailed insights into the network’s transactions, including the number of transactions, the amount of TRX being transferred, and the current price of TRX to USD. The platform also has a charting feature that allows users to view the network’s transaction volume over time.
Is Tron Worth Buying?
Tron is ranked 13th in terms of market capitalization at the time of writing and is one of the most popular cryptocurrencies in the world. Whether or not Tron is worth buying depends on your personal goals and risk tolerance. If you’re looking for a long-term ‘lower-risk’ investment, Tron may be a good choice. However, those looking for a higher-risk, higher-reward investment may consider the upside potential too low and look for newer, less established projects.
What are the other options?
With AI narrative running strong and ChatGPT taking the internet by storm, many are realizing now is the time to consider investing in machine-learning technologies. One such new pick, Avorak AI, has set out a roadmap lasting well into the future with a sensible and goal-driven plan. Starting relatively small and aiming within several years to integration with mass-market devices, this could be the dream long-term pick a lot of people are looking for. With details about their incoming ICO readily available on their various social media platforms, including Twitter, this is likely to sell out quickly.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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