IntoTheBlock, a provider of on-chain analytics has announced the integration of the TRON network into its Market Intelligence suite.
Via a collaboration with TRON DAO, these advanced indicators “will be available for free to the TRON DAO community.”
The TRON network, which is reportedly “known for its reliability, large user base and efficiency, is one of the top layer-1 networks in the blockchain world.”
Specializing in decentralized applications, stablecoin usage, and more, TRON claims “over 210+ million total user accounts, over 4.5 million daily transactions and a total stablecoin market cap of ~$51 billion, representing over 37% of the entire stablecoin market cap.”
Jesus Rodriguez, CEO of IntoTheBlock, shared insights on the collaboration with TRON DAO:
“Our mission has always been to democratize access to high-quality market intelligence across the cryptocurrency sector. Our collaboration with TRON DAO is a significant step towards realizing this. By integrating TRON’s network into our Market Intelligence suite, we’re providing insights into one of the most important blockchain networks in the cryptocurrency industry.”
The size and impact of the TRON network makes “the public availability of on-chain indicators extremely valuable, as they enable millions of users to gain a deeper understanding of the TRON ecosystem.”
The integration provides TRON network users “with more than 60 indicators to use for analyzing the network; all of the advanced analytics will be available for free.”
David Uhryniak, Ecosystem Lead at TRON DAO, commented on the integration:
“We’re excited to collaborate with IntoTheBlock to bring their comprehensive on-chain analytics to the TRON community. This aligns with our mission to enhance transparency and provide our users with valuable insights into the TRON network.”
With this integration, the TRON network will “be featured in future releases of IntoTheBlock’s Perspectives, offering curated insights across various Layer-1 networks and key industry trends.”
As noted in the update, IntoTheBlock says it is “a provider of on-chain analytics and advanced DeFi services for Institutional investors.”
With a focus on delivering actionable intelligence, IntoTheBlock stands at the forefront of empowering investors with comprehensive market insights.
As mentioned in the announcement, TRON DAO is described as “a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.”
Founded in September 2017 by Justin Sun, the TRON network has “continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent.”
