![Tron [TRX] rides high on these metrics, is it the boost the network needs](https://i.headtopics.com/images/2023/5/7/cryptoamb/tron-trx-rides-high-on-these-metrics-is-it-the-boo-tron-trx-rides-high-on-these-metrics-is-it-the-boo-1655023393287094272.webp)
Amidst a surging network activity, the Tron ecosystem forged an important partnership to improve the transparency of its blockchain data.
In addition to the network traffic, Tron’s total valued locked also scaled new heights. The total worth of assets held on the proof-of-stake network reached $5.45 billion as of this writing, next only to the largest PoS network Ethereum.
Tron also cemented its position as one of the most conducive chains for stablecoins trading. The total value of stablecoins on the network reached a whopping $45 billion.TRX traded at $0.07039 at the time of writing, registering a weekly gain of 4.64%, as per CoinMarketCap data. With a market cap of around $6.73 billion, TRX had the rank of the 12th-largest crypto by market cap at press time.
The nominal value of TRX’s Open Interest in the futures market surged 15% over the last week, reflecting increased speculative interest in the coin.However, funding rates across most top exchanges, including Binance, were negative. This implied that short position holders who were betting on price losses were dominant in the market.TRX tokens were moved out of circulation on 5 May. Adjusted against newly minted tokens, there was a net decrease in the circulating supply of TRX by 14.94 million.
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Tron [TRX] rides high on these metrics, is it the boost the network needsAmidst a surging network activity, the Tron ecosystem forged an important partnership to improve the transparency of its blockchain data.
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