Although Tron’s unconditional bear market has not fared well against Justin Sun’s promises of a comeback, the community’s efforts toward a growing ecosystem is evident through the Tron Foundation’s weekly reports. As a recent announcement regarding the same, Tron Foundation tweeted,
“#TRON Weekly Report 1.Tested Oracle retry mechanism. 2.TRON block height exceeded 12.45 million. 3.#TRONVM celebrated its first birthday.”
The Tron weekly report highlighted completion of one-click deployment (architecture) and the successful testing of its Oracle retry mechanism for smart contracts. The report also stated that “TRON has a total of 567 DApps, indicating a booming and prosperous DApp ecosystem.”
Additionally, the TRON virtual machine (TVM) completed 1 year, marking Tron’s transition from infrastructure building to ecosystem expansion. Tron’s in-house token, TRX, also witnessed a sudden push in its market capitalization as Binance listed TRX-based trading pairs and opened up BTT/TRX and WIN/TRX.
This week also marked Tron’s entry into the IDAX and Bithumb Global markets as the exchange dedicated trading section for TRX, BTT and WIN.