TRON Logs More Than 12 Million Transactions as TRXS Shares Level Off

TRON recorded more than 12 million transactions on two reported days, while the Canary Staked TRX ETF’s shares outstanding remained unchanged after a 20,000-share increase on Sept. 15, showing two distinct measures of network activity and fund size.

The network logged 13,117,082 transactions on Sept. 15 and 12,218,304 on Oct. 1. Active accounts numbered 4,678,079 on Sept. 10 and 4,133,438 on Sept. 13. That measure includes wallet and contract accounts with transfer records, so it does not represent a count of unique people.

The fund, which trades on Cboe under the ticker TRXS, began trading Sept. 8. Its shares outstanding rose from 2,010,000 on Sept. 14 to 2,030,000 on Sept. 15 and remained at 2,030,000 through Sept. 28, the latest date in the available daily figures.

Net assets were $49.8 million on Sept. 15 and $50.4 million on Sept. 28. Those amounts can vary with the market value of the fund’s holdings and staking, so the figures alone do not show investor flows.

TRXS seeks exposure to TRX’s spot price and aims to earn additional TRX through participation in TRON’s delegated proof-of-stake validation process. Net staking rewards are reflected in the fund’s net asset value. The fund is not registered under the Investment Company Act of 1940.