Categories: NewsTRON

Tron (TRX) hits One Million Daily Transactions

Just 2 weeks back, Tron (TRX) was marginally outpacing Ethereum (ETH) in daily transaction volume with close to 500,000 transactions. Now, that number has doubled with Tron reaching the one million mark.

With the Mainnet reaching 500,000 accounts last month and the partnership with Chinese Internet Giant Baidu, Tron has maintained its steady growth and built one of the most active communities in the crypto-space.

Jusin Sun in a tweet confirmed the milestone and also pledged to give away 5 thousand worth of TRX to 5 winners who could predict the date when Tron would hit 1 million transactions.

Tron’s success can be attributed to its acquisition of BitTorrent and the growth of betting dApps like TronDice and Tronbet which have already paid more than 200 million TRX to players. Despite Tron having twice as many transactions as Ethereum, it still remains behind in market cap.

Blockmanity’s Take
Ethereum is biting the dust of Tron and if things keep going the same way, Tron might move to the 2nd spot than its current 11th position on coinmarketcap.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

3 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

3 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

3 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

4 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

5 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

5 months ago