TRX Sees 14% Increase in Average Daily Active Accounts in Q2 2023

TRX had a high burn rate during Q2 2023, but its price remained bullish and market indicators favored buyers. Messari's report on TRX's Q2 performance showed that the daily average active accounts increased by 14%, and the number of new accounts and transactions rose significantly. Tron also launched new features and partnerships, such as the BitTorrent bridge, which expanded its reach and improved its staking ecosystem. While Q3 did not start on a similar note, TRX's price kept increasing, and its daily chart looked pretty bullish.

TRX

Original Link

Comments

All Comments

Recommended for you

Messari ·

State of Cosmos Hub Q1 2024

Cosmos Hub (ATOM) is an individual appchain focused on interoperability and security. It is a Proof-of-Stake (PoS) sovereign blockchain with an account-based accounting model and no native smart contract functionality. Cosmos Hub pioneered technologies such as Cosmos SDK, CometBFT (Tendermint), ABCI, and IBC, which were later used by many Interchain networks. The Interchain consists of sovereign networks connected by the common interoperability protocol: IBC. The Interchain is also referred to as the Cosmos Ecosystem.
Cointime精选 ·

Exploring Farcaster & Frames – the Composable Social Platform

Farcaster is a decentralized social networking platform similar to Twitter that is based on Optimism, Ethereum’s layer 2. Farcaster’s main goal is to facilitate communication and value transfer between different decentralized applications and platforms.
Blockchain SaaS solution AfriDex completes $5 million Pre-Seed round of financing, led by Endeavor Ventures

AfriDex, a blockchain software-as-a-service solution based in London, UK, announced the completion of a $5 million Pre-Seed round of financing with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to support and protect supply chain participants, utilizing blockchain technology to achieve traceability, frictionless payments, anti-fraud transactions, verified authentication, simplified tax and subsidy management. (finsmes)
PermaDAO ·

Wealth Creation Effect Emerges! AO, the Hyper-Parallel Computer, Released for Two Months: Surge in Network Activity, AI-Powered Financial Infrastructure Leading the Comprehensive Development of the Ecosystem

Over the past two months in the crypto market, MEME concept coins have shown remarkable performance, resembling the potential of value coins.
CryptoBrand ·

Web3 Community Growth Strategies: How to Build a Successful Community

Use TaskOn to maximum your project's growth.
Blockchain SaaS Solution AfriDex Completes $5 Million Pre-Seed Round of Funding, Led by Endeavor Ventures

AfriDex, a blockchain software-as-a-service solution based in London, UK, has announced the completion of a $5 million Pre-Seed round of financing, with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex currently focuses primarily on the agricultural market, providing support and protection to supply chain participants through comprehensive on-chain solutions, utilizing blockchain technology to achieve traceability, frictionless payments, fraud prevention, verified authentication, simplified tax and subsidy management.
Cointime精选 ·

Identifying Seller Exhaustion Across Multiple Timeframes

Using our new Breakdown Metrics, we are now able to discretely isolate points of severe unrealized loss, and investor capitulation. In this article, we introduce a new framework to assess seller exhaustion across multiple timeframes and investor cohorts.
Cointime精选 ·

Crypto Derivatives: Analytics Report – Week 20

Volatility has gradually risen across the term structure as BTC trades near its range lows of $60K, but has still not deviated from its longer term downward trend. ETH continues to trade 5-7 vols higher than BTC.
NYC-based Prediction Market Polymarket Raises $70M in Funding to Expand Operations and Development Efforts

NYC-based prediction market, Polymarket, has secured $70 million in funding from investors including Founders Fund, 1confirmation, ParaFi, Vitalik Buterin, Dragonfly, and Kevin Hartz. The funds will be used to expand operations and development efforts. Polymarket, founded by Shayne Coplan, allows traders to predict the outcome of future events and react to breaking news in real-time, with market prices conveying the likelihood of important events. The platform has already seen a record $202 million worth of predictions made in 2024 across politics, current events, pop culture, and more.
Fuel Network DeFi Protocol Spark Completes $1.5 Million Pre-seed Round of Funding

On May 15th, Fuel Network's DeFi protocol Spark announced the completion of a $1.5 million pre-seed round of financing with participation from P2 Ventures.