TRON (TRX), which is celebrating its first anniversary, has been sending out teasers for a “secret” announcement scheduled for the end of July. Among the latest developments around the project is the launch of a Chrome extension, following the unrolling of the TRON Virtual Machine, with both tools still in testnet mode.
Justin Sun, TRON’s founder and CEO, commemorated the ICO and project’s anniversary with a tweet:
The speculations about a “secret announcement” once again circled around the rumors of an Alibaba partnership. Other rumors were related to TRON’s partnership with BitTorrent, and the exact scope of the project and manner in which the file sharing service would be combined with the distributed network of TRON. In the end, the information did not turn out to be crucial, and Justin Sun had other milestones to mark in the latest round of updates on TRON.
TRON did not disappoint, going with another important milestone, a Chrome extension bringing Chrome usage closer. For now, TronLink, the Chrome extension, will be only useful to developers deploying smart contracts to the testnet.
“This is a version which mainly targets developers, since it will only support testnet use until smart contracts launch on the mainnet,” the TRON Foundation said in a recent blog.
In the future, TronLink will work with the mainnet TRON nodes, and synchronize with the Tron Virtual Machine (TVM). The TVM will be more powerful and important than expected, allowing compatibility with the Ethereum Virtual Machine (EVM), but able to run the dApps without gas fees.
Despite all the updates around TRON, the digital asset are still under selling pressure that depresses the price. TRX started sinking around midnight UTC, to slide as low as $0.034 and 432 Satoshi.
Data from Cryptocompare reveals that TRX profile has shifted to 54.56% of all trades happening against Tether (USDT), and most of the trading migrating to OKEx. BitForex, a brand-new exchange that along with OKEx has been accused of creating fake volumes, also carries around 12% of TRX trades – a major shift from the dominance of Binance.
In the past, TRX was concentrated on one exchange, allowing for traders or bots to easily boost the price. However, the activity on the up and coming exchanges is not creating the same enthusiasm for TRX.