Tron network records 500 million smart contract triggers; Tron-based USDTs in circulation continue to surge

The Tron Foundation’s native cryptocurrency, TRX, has been bouncing up and down CoinMarketCap’s cryptocurrency charts. The coin was once the 10th largest cryptocurrency in the market, maintaining its position for quite some time. During the last few weeks however, the coin has been plummeting down in terms of market cap and was found at the 13th position yesterday. However, TRX had jumped back into the 12th position, at press time.

Come what may, Tron Foundation’s Justin Sun is always updating the community about the network’s several advancements and achievements. In a recent update, CEO Justin Sun shared another one of Tron’s many accomplishments with his 1.5 million Twitter followers. CEO Justin Sun announced that Tron Network’s smart contract triggers had reached 500 million. Sun’s tweet read,

Smart Contract Triggers reached 500 Million on #TRON network.???#TRX $TRX https://t.co/vlcGGd8QRl

— Justin Sun (@justinsuntron) August 13, 2019

This tweet was followed by a series of other tweets by the Tron Foundation, with the Twitter handle citing several other achievements of the network as well.

According to the data from @Tether_to, amount of #TRC20 based #USDT in circulation exceeded 110 Million. More to come. https://t.co/VlxyCWhr5Y #TRON #TRX $TRX pic.twitter.com/PAkBdL6Ato

— TRON Foundation (@Tronfoundation) August 13, 2019

The latest tweets announced that the circulation of Tron-based USDT had surpassed 110 million as Tether worth $112,402,010 was presently in circulation on the Tron network.

The Tron Foundation wasn’t done with blowing its own trumpet however. The next few tweets claimed that Tron’s success is not limited to the DApp space alone, as the transaction volume on the Tron network has surged significantly since the date of its launch.

For over a year since June 25, 2018. #TRON's total number of transactions has increased at a rapid pace. As shown in the chart, the transaction numbers keep increasing every month since our day 1, and will be continuing in the future. #TRX $TRX pic.twitter.com/Ubx5ZEWwNF

— TRON Foundation (@Tronfoundation) August 13, 2019

Despite several achievements in the name of the Tron Foundation, the price of Tron’s cryptocurrency was falling by 0.35% in the last 24 hours. At press time, Tron was valued at $0.0205 with a market cap of $1.37 billion. The 24-hour trading volume stood at $434 million and most of it came from Cat.Ex exchange via the trading pair ETC/TRX.