Once a week, the official Tron Twitter account would tweet out an update for the world to see. The events of the past week, the post claims, have provided Tron with new possibilities. Also during the quarter, Messari published their own report on Tron’s performance. As more data on the token’s side are investigated, the research claims that the future of the protocol is bright, but that mixed signals are spreading doubt to fans and investors. This can be worrisome since low confidence can lead to a sell-off, which can further drive the token’s price down. Even while there is hope for the token’s future in the Messari research, investors in cryptocurrencies appear to be more concerned with the continued decline in development activity and other factors. 🔥The report points out that: ✅#TRON #TVL grew by 61% QoQ. ✅The total transactions grew by 12.4% to 5.3M over Q3. ✅#TRON network activity reached a refreshed foundational user base after the launch of #USDD in May. 👀Read the full report👇https://t.co/BOxQzatH9M — TRON DAO (@trondao) November 5, 2022 In addition, the amount of DeFi territory on Tron ballooned dramatically. There was a 61% rise in TVL (total value locked). Total TRX transactions also increased by 12.4% year over year in the third quarter to 5.3 million. How high may TRX go in the next several days, and will bears in the TRX market eventually prevail? Related Reading: Tron Development Activ...
