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

Circle of Games – The multi-gaming platform raised funding from Nazara

Circle of Games (COG)—Web3's multi-gaming platform has raised a $1mn round from Nazara, with participation…

1 week ago

Unconference Bali 2024: Pioneering the Future of Web3 in Paradise

Unconference Bali 2024, Asia’s premier Web3 event, is poised to take center stage against the…

2 weeks ago

Tradeleaf Ignites Trade Finance Revolution with $TLF Listing on MEXC

Tradeleaf, a leading FinTech company empowering global trade through digital solutions, recently celebrated a significant…

2 weeks ago

Foundership Global Accelerator Teams Up with XDC Network to Propel Web3 Startup Innovation

Foundership Global Accelerator, a prominent force in the Web3 & Emerging-Tech Community boasting over 10,000…

2 weeks ago

Condo, the world’s first meme token based on Real-World Asset (RWA), launches on Base Chain with innovative treasury investment strategy

April 16, 2024 - Condo, the world's first real-world asset (RWA) meme token, was recently…

2 weeks ago

Partisia Blockchain Debuts $100 Million in $MPC Grants to Enhance Blockchain Technology and Token Utilization

The Partisia Blockchain Foundation, at the forefront of crafting privacy-enhancing and interoperable blockchain platforms, today…

3 weeks ago