How long before Tron hits this key network milestone?

• The total number of accounts on Tron was gradually approaching 200 million.
• TRX’s movement has remained flat but has maintained $0.1.

At press time, Tron [TRX] was approaching a significant milestone in the total number of accounts within its network.

As we anticipate reaching this milestone, what is the average number of active accounts and the current state of Tron’s Total Value Locked (TVL)?

Tron approaches key milestones

AMBCrypto’s analysis of TronScan revealed compelling statistics about the network’s performance. The total number of accounts was steadily approaching the 200 million milestone at press time, standing at 199.4 million.

In the last 24 hours alone, an impressive 145,000 new accounts have been added. As of the latest data, the network boasted over 1.7 million active accounts.

Additionally, the total transfer volume on the network is on the brink of reaching a significant milestone. As of this writing, the total transfer volume was over $9.8 trillion, closing in on the $10 trillion milestone.

Over the last 24 hours, the transfer volume was over $6.3 billion. These figures underscored the robust activity and growth within the Tron network.

Tron maintains the second-largest TVL

Tron boasts one of the most substantial Total Value Locked (TVL) figures, and DefiLlama’s data highlighted the extent of this accomplishment.

According to DefiLlama, Tron’s TVL ranked second only to Ethereum [ETH]. As of this writing, Tron’s TVL was around $8 billion. This contributed significantly to the overall TVL, which was around $50 billion. 

Ethereum leads the pack with a TVL exceeding $28 billion, representing more than half of the total TVL. Tron, with its impressive TVL of over $8 billion, held a substantial share and accounted for over 15% of the overall TVL.

Slow but steady TRX

Despite the impressive performance in transfer volume and Total Value Locked (TVL), Tron’s price action has exhibited a relatively subdued trend.

AMBCrypto’s analysis of the daily timeframe chart showed that TRX has maintained an almost flat price trajectory over the past couple of days.

However, examining the overall trend revealed a gradual increase over the last few months.

Source: TradingView

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At the time of writing, TRX was trading with a less than 1% increase in value. This minor uptick followed a similarly modest decrease in the previous trading session.

Despite the sluggish trend, TRX has managed to sustain a price level of around $0.1. Also, the support level remained steady at around $0.09.