Tron TRX Binance

TRON (TRX) could become The Coin on Everyone’s Agenda per Binance Cryptocurrency Exchange

July 20, 2020 Off By Steven Anderson

Binance Research have expressed that, based on their recent research that TRON could become one of the coins on everyone’s agenda. They have given a few supportive data in view of their claim.

The recent twitter hack received hundreds of millions of impressions, and coverage in major news outlets. And the hack seemed to have disturbed Justin Sun too!

In this regard, Sydney Ifergan, the crypto expert tweeted:  “It is interesting that while all the CEOs just warned their users that they will not receive the money they lost with scammers. Justin Sun has announced a reward for those who catch hold of scammers.”

Coming back to Binance Data on TRON they have stated a whole lot of things. 

More than $2.9 billion worth of stablecoins circulate on the TRON blockchain, thus home to 30% of total USDT issued in circulation.  The USDT TRON-based market capitalization stands is reportedly 2.6 times higher thanbase layer protocolwhich secures it.  Apart from USDT, about eight utility tokens build on TRON rank in the top 1000 of CoinMarketCap.

While the small list of utility tokens translate to low volumes in TRON-based DEXs, PoloniDEX and TronTrade are fairly popular. 

TRON in the dApp industry, has more than 25,000 unique users daily. The casino platforms dominate from user perspective it is 1.2k to 2.5k daily. Notably, 7 out of the 10 most used applications on TRON were about casinos.

Only one DeFi application ranked in the top 10 apps on TRON. With TRON 4.0 and the launch crypto-backed stablecoin JUST, we need to see if TRON’s popularity might expand outside of Asia.

On-chain transactions per are not biased toward “Asian hours” as only 51% of the transactions for TRON dApps happened during UTC am timezones, therefore, TRON is more global.

TRON (TRX) Positive Impression

FTX official is a Crypto Derivatives Exchange by Alameda Research.  They deal with Futures, Volatility Products, Leveraged Tokens, and OTC.  FTX claim to have been built by the traders for the traders.

Justin Sun tweeted:  “#TRC20-#USDT is now supported by @FTX_Official.”

The TRON Foundation expressed that TronWalletMe, one of the most used mobile wallets in the #TRX ecosystem, is launching its new and expanded platform next month! The White Paper of the wallet is published at Klever.io.  They feel that those who go through the White paper will get a positive impression on #TRON, Bitcoin and crypto communities.

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