TRON and IOST Compete to Claim the Title of the Most-Used Public Gaming Blockchain
There are two different networks that share several similarities and that are now competing to know who is the leader in the blockchain gaming market. Tron (TRX) and IOST (IOST) are showing their potential to host a large number of dApps and games on their networks.
IOST And Tron Compete
Tron is going to be releasing to the market a second-layer scaling solution called Sun Network. This is expected to be released in May and help Tron scale even further to support dApps, games and other on-chain activities. At the same time, IOST has shown an impressive growth eclipsing Ethereum (ETH) in the number of daily transactions processed.
In just two months since releasing its mainnet, IOST has almost a quarter million wallets that have been registered on its network. At the same time, IOST has surprisingly processed more transactions than the Ethereum network in just a day. Although there were some users and analysts that believed that the spike in transactions was an anomaly, IOST registered five consecutive days of more transactions than Ethereum.
During a conversation with Decrypt, IOST CEO and Co-founder, Jimmy Zhongs, explained:
“We are thrilled that IOST has managed to grow at an exponential rate since the launch of our mainnet, especially as we’ve only just started! Prior to launch, the core team and developers worked tightly with one another, as preparation involved continuous balancing, testing and adjustments to the protocol.”
At the same time, Dapp Review shows that TRON had a transaction volume of $1.6 billion during the first quarter of 2019. EOS managed over $1.7 billion, most of this volume came from gaming platforms on its network.
TRON transactions are currently close to 2 million per day, something that is expected to keep growing in the future and that could clearly have a positive effect on the network. With the launch of the Sun Network, the layer 2 solution for TRON, the capacity is expected to increase substantially.
A spokesman for TRON, commented that their technology is faster and more efficient than other networks. With the Sun Network, they aim at solidifying the leading role they have and move forward with decentralized finance. Moreover, he commented that there is a very healthy competition in the space, something that helps push the entire ecosystem ahead with better technology and speeding up the adoption of blockchain.
As Zhong explained, the protocol that is able to solve the security, decentralization and security trilemma will ultimately receive most of the investments.
Currently, Tron is the 11th largest digital asset with a market capitalization of $1.77 billion. Each TRX can be purchased for $0.0264. IOST is the 46th largest crypto instead. It has a market cap of $153 million and each IOST token can be bought for $0.01274 according to data provided by CoinMarketCap.