In a tweet on Tuesday, decentralized network TRON’s block explorer, TRONSCAN, announced the ecosystem has reached and surpassed 160 million user accounts. The Justin Sun-founded open-sourced network stated it now has 160,165,659 accounts in its blockchain.
“Congratulations, # TRON’s total accounts have reached 106,165,659, exceeding 160 million. #TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web. Appreciations to all #TRONICS,” TRONSCAN tweeted.
TRON Is Thriving
The user account milestone came after a solid quarterly report a few days ago, where it saw an 18% quarter-on-quarter (QoQ) increase in market cap. TRON also attributed its success to a continuous effort to provide a decentralized web experience.
Data from TRON’s quarterly update shows that the network averaged 193,632 new accounts per day. Although it toppled preceding figures, which were 202,690, it was well above the fresh users it admitted daily in the first quarter of 2022.
Among other things, TRON noted that the user-friendly nature of its platforms was crucial in attracting more new users to the network. TRON noted that users appreciated its efforts in eliminating third-party and giving them complete control of their data and interactions.
Expansion to Develop DeFI
TRON noted that it gained traction among users because of its initiative to expand to decentralized finance (DeFi), gaming, and social media by integrating decentralized applications (dApps).
Furthermore, TRON delved into artificial intelligence (AI) after securing a partnership with layer 1 data oracle platform, OraiChain. The network also launched a $100 million AI development fund in the year’s first quarter.
The exchange seems unperturbed by the Securities and Exchange Commission (SEC) ‘s filing against its CEO, Justin Sun. According to the SEC, Sun promoted unregistered securities and market manipulation.
