Tron (TRX) Daily Transactions Exceeded Ethereum (ETH) in October: What’s to Come in November?
As per Global Coin Report, Tron has witnessed growth in the number of daily transactions, which is an indication that the network has improved.
October marks a month of milestones for Tron, as it exceeded Ethereum’s daily transactions and managed to see monthly transaction skyrocket to over 50 percent. This is big considering that one, Ethereum is the second largest crypto by market cap to date and second, Ethereum only managed to hit a little under 5 percent.
The breakdown of the statistics given right above come from TRX Colony, who has given us all food for thought: “Will Tron surpass #ETH in November?”
In response, some believe it is surely to happen, given the milestone attained. However, many, as previously mentioned by Bitcoin Guide Exchange remain neutral on such statements due to the unchanged TRX token value. An interesting comment has since been made in response to TRX Colony and it goes as follows:
Here we go again!
Tron has dropped to 0.0223 cents while XRP is up today to 0.454 cents from 0.44 cents yesterday.
No matter what is "accomplished"
Tron is simply FLATLINING!
It has been doing that for 6 months now.
If it doesn't breakout very soon IT WILL CRASH. pic.twitter.com/7vxm3FSXT7
— BMHD (@BMHD19) November 1, 2018
So, what’s the driving force that’s increasing TRX daily transactions. As per the report, it could mainly be the launch of decentralized apps (DApps) on its respective network, along with its platforms like TRONbet and TronDice (which recently hit over $200 million in winnings).
TRONbet has managed to attract many users, as per Tron Foundation, who revealed at the time of its launch that the game has been played over 10,000 times. This alone contributed to its daily transactions to surpass that of Ethereum’s.
Since Tron has the ability to handle thousands of transactions no problem, most developers turn to its network, especially when it comes to DApps. The team behind Tron kept this key point in mind, which is the reason why more DApps are claimed to be coming on the network.
All this being said, many remain faithful to Tron and trust that given the same trends occur, November might be a favorable one for Tron yet again. What are your thoughts on this? Are you not bothered by its token value still sitting in the 2-cent range? Share your comments right down below.