TRON (TRX) Zooms Past BTC, ETH and XRP in Daily Transaction Volume
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The Tron (TRX) Mainnet was successfully launched on the 31st of May and the platform has worked flawlessly since the Genesis block was launched on the 25th of June. Ever since then, the amount of accounts on the Tron platform has constantly increased to the current level of 529,601 at the moment of writing this. With this amount of user accounts, it is no surprise that the network transaction volume has exceeded that of other prominent networks of Bitcoin (BTC), Ethereum (ETH) and XRP.
An Enthusiastic Tron Community
Prominent Tron community member Misha Lederman, was one of the first to notice that the transaction volume of Tron had exceed those of the prominent networks of BTC, ETH and XRP. In a tweet giving the exact figures, he had this to say:
TRON’s Daily Transactions vs Top 3 Cryptos on Oct 24:
TRON $TRX: 795,834 Txs
Bitcoin $BTC: 254,091 Txs
Ethereum $ETH: 532,709 Txs
Ripple $XRP: 389,701 Txs
TRX MainNet celebrating 4 months today since it went live on June 25 TRON – Your House of DApps #IAmDecentralized
Further looking into the transaction volume of each network a day after the tweet, we find that the transactions on the Tron network has increased:
Factors Contributing to Tron Having More Transactions
Sine the Tron Virtual Machine was activated on the 12th of October, the number of smart contracts on the platform has grown to the current value of 193 at the moment of writing this. These smart contracts have been called/triggered a whopping 3,514,259 times: an average of 251,000 transactions since the 12th. These smart contracts are the ones powered Decentralized applications on the platform.
One of those decentralized applications is TRON Bet that has been played by users close to 1 Million times at the moment of writing this. The amount of TRX won on the platform, currently stands at around 665 Million.
When we also factor in the tipping platform of GoSeedIt, we find that TRX has been tipped over a million times to date.
In conclusion, the Tron Mainnet has continued to prove itself on a daily basis. We have seen how its daily transaction volume has exceeded that of the individual networks of Bitcoin, Ethereum and XRP. With more DApps being created on the Tron network, ithe high transaction volume will continue to grow and become a regular occurrence in the crypto-verse.
What are your thoughts on the Tron network’s high transaction volume? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.