• Tron’s network has been gaining popularity among various geographies, with Dominica and St. Martin recently adopting TRX as legal tender.
• TRON’s development activity has seen a sharp dip, but sentiment towards the cryptocurrency has been positive.
• The TRON ecosystem saw interesting developments in the past week, such as the launch of liquid staking and a decentralized resource marketplace.
The Tron network has been steadily gaining traction among various geographies, with Dominica and St. Martin recently announcing their decision to adopt the TRX token as a legal tender. The news was shared on Twitter by TRON founder Justin Sun and the announcement came as a major step forward for the legitimacy and mainstream adoption of TRON and other digital currencies.
The news was met with widespread enthusiasm from the cryptocurrency community, as the sentiment towards TRON has been largely positive. This was reflected in the price of TRX, which saw a marginal increase in its market capitalization following the announcement.
Furthermore, the TRON ecosystem saw some interesting developments in the week that went by. These included the launch of liquid staking, which will enable users to stake their TRX tokens to earn rewards, as well as a decentralized resource marketplace, which is aimed at improving the revenue for TRX staking. Additionally, Tron also saw an increasing use of Tether [USDT], the world’s largest stablecoin by market cap, on its blockchain.
Overall, the Tron network has seen a lot of positive developments in the past week, which is likely to further bolster investor confidence in the cryptocurrency. With more countries likely to legalize TRX as legal tender in the near future, the future looks bright for TRON and its native token.