TRON ($TRX) Sets New Record with Nearly 11 Million Transactions in a Day

The TRON ($TRX) network, a decentralized platform that aims to create a decentralized internet, has recently seen a record number of daily transactions, processing an unprecedented 10,935,762 transactions in a single day.

Data on the achievement was first shared by TRON founder Justin Sun, who said the milestone is a significant achievement for TRON and an indicator of the protocol’s burgeoning popularity and wider adoption across the sector.

According to Sun, the surge in TRON’s activity stands as a testament to the relentless work of its team and the enduring resilience of the protocol, particularly as it navigates the rough seas of a challenging industry landscape.

Yet, the TRON team is not poised to rest on its laurels. Sun spoke of the team’s ambitious aspirations for the forthcoming year, which includes a lofty goal of doubling the protocol’s transaction volume.

Sun noted that he expects the growing transactions number to help bolster the protocol’s revenue, which would prove that “TRON’s fundamentals remain strong even in a challenging market.”

In emphasizing the importance of continuous progress and tangible results, Sun underlined TRON’s unwavering commitment to achieving real-world outcomes as a strategy for weathering the crypto winter. He urged the TRON community to stay engaged and anticipate further updates as the protocol advances with its ambitious plans for the year.

The TRON protocol, according to Coinbase, aims to provide high scalability and high availability for the decentralized applications in the TRON ecosystem. The network is known for its high transaction throughput, allowing for cheap transactions.

TRON uses a delegated proof-of-stake (DPoS) consensus algorithm that uses 27 Super Representatives to produce blocks for the network, with TRX account holders freezing their accounts to vote on a selection of SR candidates.

The cryptocurrency’s network, as CryptoGlobe reported, experienced an unusual spike of 1.3 million new accounts in the last quarter of 2022. Per a report, 90% of the total transactions on the network during Q4 were from smart contract execution and TRX transfers.

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