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Less than a week ago, the TRON (TRX) community discovered a new DEX (decentralized exchange) on Tronscan.org. Since the TRON community is among the strongest and most supportive communities to support a currency, the trading activity on this DEX has quickly skyrocketed.
So much so that, in fact, the founder of TRON, Justin Sun, felt that he should share this fact on his Twitter account.
https://t.co/1rd0MKuqEn DEX is going crazy. #TRON is hungry for new projects and tokens! #TRX $ TRX
– Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Because Sun shares many traits with the TRX community, such as the untiringness and appeal of this project, he has urged the community to propose additional tokens and projects.
While Sun's claim that activity on DEX is "going crazy" is quite accurate, many do not realize how accurate it is. It should be noted that the number of tokens on the exchange was 3 on 10 November, when the DEX had been discovered originally. Today, November 13, the number of available tokens doubled.
Furthermore, 4 trading pairs out of 6 offers in the exchange recorded significant gains, while the remaining two recorded only slight decreases. Growth has been tested by Dice / TRX (146%), TronWatchMarket / TRX (8.27%), WIN / TRX (89%) and SEED / TRX (1.73%). The decline was experienced by CryptoChain / TRX (0.33%) and CryptoGuyInZA / TRX (0.99%).
With such a situation, it's a little surprise that Sun and the TRON team are thrilled. In addition, Sun's request for additional projects and tokens to be created on the platform was expected. TRON has achieved a lot in 2018 and can currently process over 2000 transactions in just one second.
Not only that, but he set a new record in a number of transactions a day, replacing Ethereum that held that position since January 4. For more than a week, TRON has had over 1 million transactions a day, most of which are made thanks to its few apps like TronDice.
As stated, Sun and the TRON community often share similar reactions to this type of thing, and so his excitement perfectly reflects the feelings of the TRX community.
OMG I brought a little bit of it. $ WIN It seems like I should have more! Great job as always, one of the highlights of my day is waking up in the morning and seeing #tron has made progress. $ trx is #strong AF 🚀🚀
– D4n (@ d4np4yn3) November 13, 2018
Unfortunately, this news, no matter how positive and important for TRON, has not yet changed the price of money in any significant way. At the time of writing, TRON still holds the eleventh place on CoinMarketCap's major encrypted list, with the current price of $ 0.022370. Most digital currencies are currently traded in red, including TRX, which has seen a decline of 0.80% in the last 24 hours.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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