- ADAX crypto exchange has added support for TRON (TRX)
- The TRON project has seen significant progress in recent times, surpassing Ethereum and EOS in transaction volume
- ADAX users will now be able to trade TRX alongside the few supported established cryptos, including BTC, ETH, and USDT
TRON (TRX) the distributed ledger technology (DLT) project dedicated to building a robust infrastructure for a decentralized internet and the creators of the 10th largest cryptocurrency in the world by market cap, has been integrated by Arab Digital Exchange (ADAX) and the project is on its way to becoming the most active blockchain project currently in existence, reports FXStreet on March 2019.
TRON (TRX) Blazing the DLT Trail
While the recent downturn in the price of bitcoin and altcoins may have forced several projects to close shop and run away, the reverse is the case for the Justin Sun-led TRON (TRX) blockchain project, as the TRON Foundation keeps gaining traction in the DLT and cryptosphere with each passing day.
Per sources close to the matter, ADAX, a leading Dubai-based cryptocurrency exchange has announced support for TRON (TRX) and has listed it against three trading pairs on the platform; USDT, BTC, and ETH.
Established in March 2018, by Sami El Dweib, the owners of Arabtizor Holding Inc, a firm registered in the United Arab Emirates, ADAX supports several large-cap cryptoassets, including bitcoin (BTC), ether (ETH), tether (USDT), litecoin (LTC), XRP, NEO and now TRON (TRX).
TRON Taking Over the Crypto and Blockchain Space
Since launching its Mainnet earlier in August 2018, the TRON blockchain has accomplished significant milestones in the crypto and DLT ecosystem.
As reported by Blockchain Reporter in October 2018, TRON launched the first game on its TRON Virtual Machine and the number of active decentralized applications (dApps) on the platform has multiplied ever since.
At current, there are nearly 200 active dApps powered by TRON and could potentially surpass Ethereum shortly, if things remain stable on the network.
According to a tweet by the founder of the TRON Foundation, Justin Sun on March 20, 2019, the total transaction volume of dApps on the TRON network has dwarfed that of Ethereum and EOS, a strong indication that the network means serious business.
— Justin Sun (@justinsuntron) March 20, 2019
It’s also worth noting that on March 21, 2019, Sun’s Twitter account became the first personal account to exceed 1 million followers in the blockchain industry.
— TRON Foundation (@Tronfoundation) March 21, 2019
At press time, the price of TRON (TRX) sits at $0.022, with a market cap of $1.53 billion as seen on CoinMarketCap.