Find out the effects of the latest TRON update on TRX

  • TRON has released an Aristotle update that brings many new features.
  • TRX performed optimistically on the price and measurement fronts.

throne [TRX] Recently released its latest Java throne GreatVoyage-4.7.0 (Aristotle), which has increased the network capacity. It was a mandatory update that included some important features.

Read for TRON [TRX] predict the price 2023-24

The update brought a new staking mechanism, Stake 2.0, which improved the flexibility of the resource model and the stability of the staking system. Compared with the current Stake 1.0 model, Stake 2.0 has been improved in several aspects, such as resource fragmentation management, unspecified TRXand more.

It also provided a dynamic energy model that helped promote environmentally balanced development. In addition, GreatVoyage-v4.7.0 (Aristotle) ​​has added a transaction hash cache, which can be directly obtained from the cache when used.

This is how TRX responded

TRX posted promising gains on its chart, with its price up 15% in the past seven days. Moreover, the daily chart was also green. CoinMarketCap’s data revealed that at the time of writing, TRX It is trading at $0.06231 with a market capitalization of over $5.7 billion.

TRON has also been very active in burning tokens, as befits its deflationary characteristics. On January 16, 2023, it was 13,397,590 TRX burntAnd with a net production rate of -8,332,487.

Interestingly, TRON was also in the works existing One of the most visited coins in the past seven days at the time of the tweet, which proves the token’s popularity in the crypto space.

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TRX performance on the benchmarking front

TRON has also proven popular on the metric front, as its social dominance has remained relatively high over the past week. Not only that, TRX development activity has also increased in recent days. However, this can be attributed to the new update.

TRX’s NFT ecosystem has also been growing in recent days as the total number of NFT trading accounts has increased. Lunar Crush data He pointed at that time TRXs price rose, and its market dominance increased by 9% over the same period.

Source: feeling

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