Justin Sun, the founder of TRON, addressed a growing movement within the TRON blockchain on X (Twitter).
He shared that TRON’s network activity hit a peak recently, with Super Representatives debating whether to raise the energy cap to 180 billion next week to accommodate rising demand. This comes as the network continues to grow and solidify its place as one of the most active in the blockchain industry.
TRON To Raise Energy Cap To 180 Billion?
Around 230 million transactions were conducted on the TRON network in August, a 7.8% increase from July. The consistent increase in transaction volume indicates the platform’s increasing user engagement and popularity. The remarkable expansion demonstrates TRON’s capacity to stay competitive in an industry that is changing quickly.
TRON has been improving its network by reducing petrol costs and raising energy restrictions, which permit more transactions. This action enhances the user experience overall and increases network traffic.
TRON is positioned to effectively manage rising demand by lowering transaction costs and increasing energy caps.
The SunPump Madness on the TRON Ecosystem
An additional significant factor contributing to TRON’s growth is the increasing popularity of SunPump, the platform’s memecoin launchpad. To support the TRON ecosystem, SunPump and TokenPocket, a well-known cryptocurrency and DeFi wallet, recently announced their cooperation.Â
The partnership is centred on expanding the reach of DeFi, with both platforms aiming to boost user acceptance in the TRON community. It is anticipated that this collaboration will further improve TRON’s ecology and raise the platform’s activity levels.
In addition to its technological advancements, TRON’s native token, TRX, is maintaining stable performance in the market. As of this writing, TRX is trading at around $0.1545, reflecting a modest 0.22% increase over the last 24 hours.
However, the token’s 24-hour trading volume stands at $292,375,263, down by 13.58%, indicating a slight decrease in trading activity despite the overall growth in network usage.
The Way Ahead for TRON
Combining its efforts to increase user adoption and network efficiency with a steady increase in transaction volume, TRON is firmly establishing itself as a prominent player in the blockchain industry. The impending decision to raise the energy cap to 180 billion may be a big step towards supporting the network’s long-term scalability and allowing for its growing activities.
TRON is well-positioned to maintain its growth and hold a leading position in the cryptocurrency market by cultivating important partnerships and enhancing the network’s infrastructure constantly.
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