Tron DAO has joined forces with Nansen, a leading provider of blockchainย tech data and research, and users can now get data and analysis on cryptocurrency and its ecosystem.
Here is an overview of Tron (TRON)
Tron and Nansenโs cryptocurrency data: 7 Million daily transactions in the past two months
The blockchainย tech data and research provider, Nansen, announced its partnership with Tron DAO, and released analytics related to the Tron ecosystem.
We won’t stop until we provide the best on-chain data for every blockchainThat’s why we’re very happyย to reveal our partnership with @trondao, one of the leading networks by TVL and activityRead on to learn more about TRON and our partnership! pic.twitter.com/4DuPVtUuwm
— Nansen
(@nansen_ai) May 23, 2023
In a roundup of tweets, Nansen stated some of the strengths of the Tron ecosystem, specifying that owingย to its minimalย charges and speed of transactions, the blockchainย tech has been chosen by users to transfer Tetherย (USDT) (USDT).ย
Andย yes, Nansen notesย that that 40 percent of the activity on the Tron network is precisely transactions of USDT, the TRC-20 token.
This has resulted in the Tron blockchainย tech processing greaterย than 7 Million daily transactions in the past two months, far surpassing Ethereumย (ETH), which handled only 1 million.
Not only that, the blockchainย tech established by Justin Sun has over 1.5 Million unique active addresses per day, which puts it well over trending chains such as Ethereumย (ETH), Solana (SOL) and Arbitrum.
Tron and Nansen: who is the blockchainย tech and cryptocurrency data provider?
The provider of blockchainย tech and cryptocurrency data chosen by Tron DAO, Nansen, offers a powerful suite of analytics tools that no one else has, remarkably fast.
Andย yes, Nansen processes greaterย than 500 TB per day, labeling greaterย than 250 Million addresses on greaterย than 16 blockchainsย teck, representing over 80 percent of all on-chain volume.
Its products can increase usersโ knowledge tenfold while reducing their workload.
Nansen Query is a powerful, code-free digitalย currency analysis tool built for the most ambitious customers, offering exclusive access to professional analysis and an exclusive community for networking with other digitalย currency leaders.
Furthermore, Nansen Query enables programmatic analysis of blockchainย tech data with SQL and APIs on over 15 chains and digitalย currency monitoring on over 45 chains, all in a single interface.
Users can then access the Nansen Pro dashboard to view a complete overview of TRON, so they can get all the real-time on-chain information.
Tron and Justin Sun likewise sued by the Unitedย States SEC
Amongย the cryptocurrency news of the past two months is the lawsuit against Justin Sun, the founder of Tron, by the Unitedย States SEC for allegedly offering and selling TRX cryptoย tokens as unregistered securities.ย
Much like Ripple (XRP), the 1st cryptocurrency company to be indicted by the SEC for the same reason in a lawsuit that began in 2020, TRX is now apparently likewise under indictment.
Inย addition of that, Binance. Unitedย States has announced the delisting of TRX from its platform, on the grounds that the cryptocurrency does not meet the high standards of the Unitedย States version of the crypto-exchange.
Nonetheless, amid all this, Sun appearsย to be more interested in looking for other places in the world that are favorable to Webย 3.0 expansion, rather than fighting against the โconfusing regulationโ in the US.ย
Andย yes, Sun has shown interest in Hong Kong, even as compared to Singapore.
TRXโs price recovery
Inย theย previous 30ย days, the price of Tron (TRX) seemsย to have recovered its way, registering a completely positiveย tendency tendency, starting from $0.066 to theย present $0.078, a 17.53 percent pump.ย
In the overall cryptocurrency ranking, Tron is the 11th cryptocurrency by market capitalization, exceeding $7 billion at the time of writing.
Theย present price isย still far from the record-breakingย peak recorded by TRX back in April 2021 of $0.164. Still, it is a considerable recovery that brings it back to last yearโs levels, just before its wholeย lotย of dumps at $0.050.
