Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
https://t.co/1rd0MKuqEn DEX is going crazy. #TRON is hungry for new project and tokens! #TRX $TRX
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced by CryptoChain/TRX (0.33%) and CryptoGuyInZA/TRX (0.99%).
With a situation like that, it is of a small surprise that Sun and the TRON team are excited. Furthermore, Sun’s request for more projects and tokens to be created on the platform was also to be expected. TRON has achieved much in 2018, and it can currently process over 2,000 transactions in a single second.
Not only that, but it set a new record in a number of transactions per day, replacing Ethereum that held that position since January 4th. For more than a week now, TRON has had over 1 million transactions per day, most of which are made thanks to its few dApps such as TronDice.
As stated, Sun and the TRON community often share similar reactions to this type of thing, and so his excitement reflects the feelings of the TRX community perfectly.
OMG I brought some $WIN looks like I should have got more! Great work as always, one of the highlights of my day is waking up in the morning and seeing #tron has made progress. $trx is #sTRONg AF 🚀🚀
— D4n (@d4np4yn3) November 13, 2018
Unfortunately, this news, no matter how positive and important for TRON, still did not change the coin’s price in any significant way. At the time of writing, TRON still holds the 11th place on CoinMarketCap’s list of largest cryptos, with its current price being at $0.022370. Most digital currencies are currently trading in the red, including TRX, which has experienced a 0.80% drop in the last 24 hours.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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