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Tron (TRX) Transaction Count Prints New Record: Possible Reasons

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Smart contract platform Tron (TRX) witnesses numerous records in transactional activity.

Tron Foundation, the organization behind the development of Tron (TRX) high-performance blockchain platform, witnesses an unparalleled increase in user interest.

9,298,611 transactions on Tron (TRX) in 24 hours

According to the official announcement by the Tron Foundation shared on social media, the net daily transaction count on Tron (TRX) network spiked to a new all-time high.

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This indicator counts all send and receive transactions across all active Tron (TRX) accounts. The previous high was registered on July 6, 2021, at 9,278,050 txs.

Founder of Tron Foundation (TRX) and CEO of BitTorrent (BTT) Justin Sun highly evaluated the new milestone of his team.

Most likely, this upsurge should be attributed to two catalysts. First, it is a spike in interest in GameFi protocols. These instruments merge the benefits of decentralized gaming, DeFis and NFTs.

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Since 2019, Tron (TRX) is the preferred platform for decentralized games, gambling products and high-risk schemes. That is why it can benefit the most from the developing GameFi mania.

Not only Tron (TRX)

Another catalyst is the overall bullish reversal of the crypto market. Net cryptocurrency capitalization witnesses double-digit daily spikes for several days in a row.

Similar processes are registered in another smart contract environment beloved by blockchain-based gaming metaverses, Binance Smart Chain (BSC).

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Binance CEO and co-founder Changpeng “CZ” Zhao also attributes this spike to GameFi’s popularity.

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At the same time, Ethereum’s network activity remains stagnant amidst competitors’ rallies.

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It All Starts Now TRON (TRX) is Unstoppable with TRON ETN

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Justin Sun expressed:  “Great news for TRONICS! Followed by the listings on DeutscheBoerse, VanEck TRX ETN VTRX is officially listed on the leading stock exchange Euro Next in Paris and Amsterdam. TRX ETN continues to be favored and supported by the global mainstream market.

The successful listing of TRX ETN is a crucial step in TRON’s compliance and globalization strategy. It is also an important milestone for global investors to hold TRX without borders and low thresholds.

VTRX is expected to start trading at 9:00 (CEST) on September 24, 2021. Thanks TRONICS for your long-term support and attention, and welcome everyone to come and experience.  Let us witness the development of TRON together.

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The listing of TRX ETN marks TRON’s entry into the global mainstream financial market and another milestone in TRON’s pursuit of compliance.

The launch of VanEck Tron (TRX) ETN on two leading European stock exchanges has happened in a very short time.

For clarity, ETN stands for Exchange Traded Notes.  An exchange-traded note (ETN) is an unsecured debt security that tracks an underlying index of securities. ETNs are similar to bonds, but do not pay periodic interest payments. Investors can buy and sell ETNs on major exchanges, such as stocks, and profit from the difference, subtracting any fees.

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VanEck are continuing with their cryptocurrency-related exchange-traded notes in Europe by launching crypto related products like those which track the performance of Solana, Tron, and Polkadot on the Xetra Deutsche Borse.

Tron’s ETN has moved a step further ahead in the process as it will also go live on Euronext in Paris and Amsterdam, updated the project’s founder.

Noteworthy, VanEck‘s portfolio of exchange-traded notes tracking the performance of various digital assets is continuing to increase.

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While VanEck has been successful ETN listings in Europe, it has not been successful in the US.  The company has filed several applications with the SEC to launch a BTC ETF and several other cryptocurrency-focused ETFs. Some of the earlier filings regarding this have been withdrawn.

Further in response to US regulators racing towards major rules on cryptocurrency Justin Sun expressed:  I have noticed that US Treasury Officials have expressed very legit concerns over the tech capacity of the chains supporting stable coins. TRON has proven itself processing bigger daily transaction volume than PayPal, free of any “resource exhaustion.”

Community response:  It all starts now, TRON is unstoppable.

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Justin Sun Launches the World’s Third Cryptocurrency ETN

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Justin Sun, founder of TRON, published an open letter to the community on September 20, 2021, regarding the upcoming listing of TRX ETN in 14 EU countries including Germany, France, the Netherlands and Switzerland.

According to the letter, VanEck TRX ETN (VTRX) has been officially approved by Deutsche Börse Group and is available for trading on Xetra from September 21, 2021.

The approval from Germany will exempt VTRX from the approval of other EU regulatory authorities, and VTRX will be listed as compliant security in 14 countries including Germany, France, the Netherlands and Switzerland.

This marks TRX (VTRX) as the third mainstream cryptocurrency – after Bitcoin and Ether – that has been listed on the traditional financial market of Europe.

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Justin Sun introduced blockchain as a ‘value network’ to China in 2012, which established him as an early evangelist and practitioner of blockchain. Later in 2017, he founded TRON.

Today, TRON has built a comprehensive ecosystem spanning from underlying protocols and smart contracts, to NFT and metadata storage, boasting over 54 million users and $50 billion worth of crypto assets across the globe.

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Moreover, the TRON-based USDT (TRC20-USDT), with a circulating supply as high as $36 billion, is now the world’s largest stablecoin in circulation, accounting for more than 50% of the global market.

Not long ago, TRON also inked a strategic partnership with Valkyrie Investments to launch Valkyrie TRON Trust. As the first institutional fund targeting TRON’s crypto ecosystem in the US, the initial size of this trust is over $50 million, and it plans to file to go public in 2022.

Justin Sun also announced in his latest open letter to the community that BTTC, a layer 2 scaling and cross-chain solution, is scheduled for launch on October 30, 2021.

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By then, a closed loop of both layer 1 and 2 networks with sound cross-chain connectivity will take shape, delivering both a robust underlying network of global settlement layer and a heterogeneous, scalable cross-chain network – BitTorrent Chain – that features high throughput and full compatibility with EVM. This solution will usher in a new era of connecting all chains.

According to available resources, the listing of VTRX has been stringently reviewed and approved by Deutsche Börse Xetra, fully complying with the financial regulatory requirements in Europe.

Further, with the support of Clearstream under Deutsche Börse Group, TRX ETN is expected to be available for trading in the pan-European market on major European exchanges in London, Paris, Amsterdam and more.

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This marks another milestone of TRON – the forerunner in the global public chain sphere – in pursuing globalization and compliance under Justin Sun’s leadership.

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Justin Sun on TRON (TRX) Grand Vision with Crypto ETFs

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TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet.

TRON have established dual headquarters in the Americas and Asia Pacific.  With the establishment of more overseas offices in preparation and their team in rapid expansion. They offer employees opportunities to go on international business trips and to work on overseas posts. With TRON, users will be exposed to the most cutting-edge blockchain technology.

Since the TRON Foundation was founded, it has upheld its original faith of decentralizing the internet, working hard to change the world with technology.

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With TRON, Users are able to reduce costs, enjoy convenience, and build fortunes by using different DApp functions deployed in TRON.  Developers have a vast range of rights including deploying DApp in TRON net, expanding business and gaining traction as influencers and thought-leaders.  Network witnesses demonstrate support for TRON and its abundant returns.

Justin Sun Expressed:  This Report titled “TRON Crypto ETFs”, issued by TRON Research, reveals the significance of TRX ETN listing on DeutscheBoerse, and also includes TRON’s grand vision, cross-chain, industry comparison, etc.

Community response:  Positive developments happening …. Things are moving in the right direction.

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Stable coins, DeFi, NFT, Dapps, Trust Funds, ETFs, Layer 2 solutions, More Accounts opening, More organic growth in coin burn, Partnerships and endorsements.

The Report TRON Crypto ETFs points to a world inside bubbles which consists of All money, stock markets, physical money, Gold Market Cap, USD in circulation, Apple, Amazon, All cryptocurrencies, Jeff Bezos, Bitcoin, and Bill Gates.

The paper covers all the details about TRON ranging from the supply mechanism: deflation versus inflation, Web 3.0 ecosystem, cheaper, faster and energy efficient, industry’s leading user ecosystem, most popular protocol for cross-border transfer, king of stable coin supply (USDT), next generation global payment system, creative destruction by order of magnitude, smart contract and DeFi Ecosystem, revitalizing BitTorrent Ecosystem, BTTC – Cross Chain Layer 2 Scaling solution, APENET – connecting artists and token economy, and more.

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The report has been written and released by TRON Research.

For clarity, ETN per investopedia, “Exchange-traded notes (ETNs) are types of unsecured debt securities that track an underlying index of securities and trade on a major exchange like a stock. ETNs are similar to bonds but do not have interest payments. Instead, the prices of ETNs fluctuate like stocks.”

An ETN is issued by financial institutions, which bases the return on a market index. The ETNs are a type of bond. At maturity, the ETN will pay the return of the index it tracks. However, ETNs do not pay any interest payments like a bond.

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Deutsche Börse are creating trust in the markets of today and tomorrow.

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