TRON Daily Network Transactions Reach 40% of Ethereum’s Volume


Two months after its mainnet launched, daily transactions on the TRON (TRX) network have hit nearly half of the total volume on the Ethereum (ETH) network.

Looking at the TRON transaction data for the last 14 days shows that the total daily transactions recently peaked at 416,497 on August 19 but has since dropped to 144,455 over the past 24 hours. The average over the past 2 weeks currently stands at 257,485 while the total address count has surged to more than 250,000.

In comparison, Ethereum’s network saw a peak of 716,732 transactions on August 16 but has since dropped to 577,239 over the past 24 hours. The average number of daily transactions over the past week was 633,951. This places the average daily transactions of Tron’s 2-month-old network at roughly 40% that of the 3-year-old Ethereum network.

This news comes as other blockchain platforms encroach on the success of the Ethereum network. We reported last week that the Kin blockchain had recently surpassed the daily active users of all the decentralized applications (DApps) on the Ethereum (ETH) blockchain.

According to data found on the Kin Explorer, which monitors activity and transactions on the Kin blockchain, there were 8,364 active users on the Kin blockchain at that time, in comparison to the 7,700 active users found on all Ethereum DApps. This gap has since expanded, with 11,932 Kin and 8,310 Ethereum active users over the last 24 hours.

While the price action of both digital currencies has struggled in 2018, ETH and TRX are currently ranked 2nd and 11th, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: TRON Transaction Data
Similar: Kin Has Surpassed the Daily Active Users of All Ethereum DApps Combined

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts