As of April 27, there were 156 million active accounts on the Tron network, making it the most popular blockchain in terms of daily users. Investors may be happy to hear that TRX’s open interest decreased. China might afterwards recognise Tron as legal tender, according to Justin Sun. As a major member of the BRICS, China’s adoption of Tron could be a significant development. The network and staking health of Tron have improved, however, TRX has not experienced any improvements over the past week.
With a market value of more than $5.9 billion, TRX’s funding rate is declining, along with its social influence and development activity. However, the market may be closing out, as evidenced by the decrease in TRX’s open interest, and the cryptocurrency could register gains in the days to come.
