TRON outperforms Ethereum [ETH] and bitcoin [BTC] in this regard

• TRX’s TVL has been in an uptrend for the past few weeks.
• Metrics and market indicators coincided with bull interest.

TRON [TRX] recently released a chart showing a steady increase in the total number of transactions over the past few months. As can be seen from the graph, since September 2022, the number of transactions of TRX has increased.

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This chart from @rfw_arcana shares some stats we love to see. 👀

In terms of monthly total transaction numbers, this chart makes things clear… #TRON shows a steady trend in the right direction with overall growth each month. 💪 #TronStrong💎 pic.twitter.com/bWmRx2fDpm

— TRON DAO (@trondao) February 18, 2023

Well, TRX outperformed all other cryptocurrencies in the competition and took first place on the list of projects by transaction count.

Simply put, it managed to outperform ETH, XRP, BTC, and ADA, which was a commendable move. This was an optimistic development as it reflected greater adoption and usage of TRON around the world.

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Among the TOP 5 blockchain networks by number of transactions, #TRON takes first place ahead of #XRP, #Ethereum, #Bitcoin and #Cardano 💪 pic.twitter.com/LXmxULpVoe

— TRON Community (@TronixTrx) February 18, 2023

To read TRONs [TRX] price prediction 2023-24

TRX kept up with the market

On the other hand, TRON has also formed partnerships with other platforms that can help the network expand its offering. The last was the partnership with Princeton Blockchain.

With Tron’s support, Princeton will be able to advance its goal of introducing blockchain technology to Princeton students.

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We are proud to announce that @trondao is our 2023 Gold Tier donor. Tron’s support will further advance our mission to advance blockchain technology in Princeton. For more information on the partnership, please visit our new website: https://t.co/HXxuvBh3GP pic.twitter.com/3xIz6d1nVn

— Princeton Blockchain Club (@pton_blockchain) February 17, 2023

Well, investors would be happy to know that TRX has responded well to all of these updates.

Accordingly CoinMarketCapThe coin is up more than 8.5% over the past seven days and is trading at $0.07001 at the time of writing with a market cap of over $6.4 billion.

Additionally, TRX’s on-chain performance was also positive, indicating even better days to come. Actually the Locked Total Value (TVL) The network was in a sustained uptrend that looked promising.

Additionally, TRXThe development activity of has increased in the last 7 days. The rise in price was accompanied by an increase in volume, which was a positive signal.

In addition, demand for the alt in the derivatives market was also high as its Binance funding rate was in the high range.

LunarCrushs Data further revealed that TRX also managed to remain popular in the market as its social mentions increased by 26%.

Source: Santiment

How many are 1,10,100 TRXs worth today?

The cops go ahead

Like the metrics, take a look at TRXThe daily chart pointed to the possibility of a sustained uptrend as most indicators provide support for the bulls.

For example, the MACD showed a bullish crossover. TRX’s Chaikin Money Flow (CMF) turned bullish and continued to move above the neutral level, which in turn was a bullish indicator.

According to Bollinger Bands, the price of TRX entered a zone of high volatility, which increased the possibility of a price increase in the coming days. However, TRX’s Money Flow Index (MFI) declined slightly.

Source: TradingView

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