TRON (TRX), the decentralized blockchain platform that aims to create a free and open internet, has achieved a new milestone in its network activity. According to the latest data from TronScan, the platform’s official explorer, Tron has recorded an all-time high in daily transaction volumes, surpassing 10 million transactions on June 1st, 2023.
This is a remarkable feat for Tron, which was launched in 2017 by Justin Sun, a former protégé of Alibaba founder Jack Ma. Tron’s vision is to build a global digital content ecosystem that allows users to own, create and share content without intermediaries or censorship. Tron also supports smart contracts, decentralized applications (DApps) and non-fungible tokens (NFTs), making it a versatile and innovative platform for developers and users alike.
Tron founder Justin Sun posted on twitter that despite the crypto winter, TRON continues to defy expectations, posting impressive growth. The network hit a new record high in daily transactions just yesterday, with 10,935,762 transactions processed.
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Despite the crypto winter, #TRON continues to defy expectations, posting impressive growth. The network hit a new record high in daily transactions just yesterday, with a 10,935,762 transactions processed. pic.twitter.com/Unn45CCUvg
— H.E. Justin Sun ??? (@justinsuntron) June 1, 2023
One of the main drivers of Tron’s growth is its compatibility with the Ethereum Virtual Machine (EVM), which enables developers to easily port their existing Ethereum DApps to Tron with minimal changes. This has attracted many popular DApps to migrate to Tron, such as USDT, BitTorrent, WINk and JustSwap. Tron also boasts a fast and scalable network, with an average block time of 3 seconds and a capacity of 2,000 transactions per second.
Another factor that contributes to Tron’s success is its vibrant and loyal community, which has been actively participating in various events and initiatives organized by the Tron Foundation. For instance, in May 2023, Tron celebrated its fourth anniversary with a series of online and offline activities, such as live streams, giveaways, contests and meetups.
The event also featured the launch of Tron 5.0, the latest version of the platform that introduced several enhancements and new features, such as cross-chain interoperability, privacy protection and governance upgrades. Tron’s record-breaking performance in transaction volumes reflects its growing adoption and popularity among users and developers around the world. As the platform continues to innovate and expand its ecosystem, it is poised to become one of the leading blockchain platforms in the industry.
