Tron Network Reached 6 Million Active Addresses Registered

The founder and Tron CEO, Justin Sun, recently announced that the Tron Network reached a major milestone as it passed 6 million registered addresses. This increase in the number of addresses follows the increase in the number of dApps built on the network which also reached 768 in total last week.

As a decentralized blockchain network founded by Justin Sun, the Tron Network reached a new milestone and registered a significant increase in use this year, despite the fact that its market cap has been declining.

#TRON reached 6 million addresses today! #TRX $TRX pic.twitter.com/tIQRTPd5dw

— Justin Sun (@justinsuntron) May 29, 2020

Justin Sun noted that the Tron Network surpassed 6 million addresses and his Twitter post went viral in the blockchain news. The growth in the number of new addresses in the past 14 days was steady and averaged around 10,000 per day.

The data from the blockchain tracker Tronscan also shows that as Tron Network reached 6 million, there have been 13 million transactions on the main chain and the Sun Network on May 28, which is a steep increase from the 1 million transactions which were processed on the network on May 27.

The fact that this account growth is not mirrored in the price of TRX in the Tron news indicates that this might have been a result of an increasing number of decentralized applications (dApps) that were built on the network.

The DApp Weekly Report shows that there are currently 768 dApps on the network, with the growth of platforms, games and services built on the network being stable for the past week.

According to @dapp_review, the number of #TRON #Dapps reached 768 with 5 new #Dapps and signaling a stable development. #TRON’s #Dapp ecosystem is growing at a steady pace. We welcome more users and developers to join us. #TRX $TRXhttps://t.co/01ldyPGokL

— Justin Sun (@justinsuntron) May 29, 2020

The report also showed that from May 23 to May 29, there were around 518,000 transactions processed on the dApps based on the network, with more than $4.1 million traded. We can also see that the majority of dApps on the Tron network were gambling and other high-risk categories, while exchanges made up the smallest portion of the dApps that are built on the platform.

In the end, Tron CEO’s company has been on an acquisition spree after acquiring BitTorrent, Steemit and Poloniex. It is also now trying to capture the stablecoin market by hosting Tether (USDT) on the blockchain and launching its own stablecoin named USDJ.

Meanwhile, the price of Tron (TRX) on the market today is at $0.0154 with a 2.16% increase.