News

TRON (TRX) outpaces Ethereum (ETH) in Daily Transactions after TronBet Launch

Justin Sun’s Tron (TRX) has triumphed over Vitalik Buterin’s Ethereum (ETH) by surpassing it in daily transaction volume for the first time. TRON managed to achieve this for four straight days.

According to BitInfoCharts and Tronscan, Tron had more transactions than Ethereum from Oct 18 to Oct 21 reaching a peak 630,018 transactions on Oct 19, 2018.

Oct 18 – Tron – 599,677 Ethereum – 565,791
Oct 19 – Tron – 630,018 Ethereum – 601,109
Oct 20 – Tron – 593,029 Ethereum – 534,080
Oct 21 – Tron – 517,909 Ethereum – 508,014

Tron’s sudden rise in transactions is credited to its launch of its first large-scale distributed gaming app (dApp) TRONBet.

TRONbet is an online dice game built on top of the Tron blockchain network. On its launch day it was played over 10,000 times and in over a week has been played over 500,000 times and over 300 million TRX has been won by players.
Bitcoin and Ethereum have both had troubles in handling larger volumes. While Ethereum processes just 25 transactions per second, Tron claims to handle 2,000 transactions within the same time. The higher scale makes Tron the ideal destination for dApp developers with TRONbet set as the perfect example.
Tron is set to introduce many more dApps in the coming months with many more migrating from Ethereum because of its scalability issues. Justin Sun confirmed that Tron Mainnet had surpassed 500k accounts a week back. In his interview to Investopedia, he said:

“We will continue efforts in the entertainment and gaming industry. We’ve already seen quite a few outstanding TRON dApps like BitGuild being built on or migrated to the TRON network. In the next two quarters, we expect even more developers to flock to TRON, which will boost our overall performance.”

Also Read:


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
Tags: TronBetTRX

Recent Posts

Bitcoin Price Plunge: What Lies Ahead as BTC Dives Under $78,000

Bitcoin Price Plunge: What Lies Ahead as BTC Dives Bitcoin has taken a sharp hit,…

1 hour ago

Crypto Market Bloodbath: Why Prices Are Crashing Today and Recovery Outlook

Crypto Market Bloodbath: and Recovery Outlook The crypto world is reeling from a massive sell-off.…

3 hours ago

Ultimate Guide to the Best Ethereum DApps: Top 5 Exchanges and Games in 2024

Why Ethereum DApps Are Changing the Crypto Game Ethereum has been a game-changer since 2015.…

4 hours ago

Crypto Bloodbath: Why Bitcoin Dipped Below $79K on Silver Sell-Off and Trump’s Fed Chair Pick

Crypto Bloodbath: Why on and Trump's The crypto market took a hard hit over the…

6 hours ago

Crypto Sell-Off Intensifies: Bitcoin Crashes Amid Stock Market Rout and Surging Geopolitical Tensions

Introduction: A Rough Day for Crypto Investors The crypto market is facing a tough time…

8 hours ago

Bitcoin Crash 2025: Why BTC is Dropping Hard and What Experts Predict Next

Bitcoin Crash 2025: Why BTC is Dropping Hard and What Experts Predict Next Bitcoin has…

8 hours ago