Tron (TRX) dApp Transaction Volume is Dwarfing Ethereum and EOS, Nearly Five Times the Amount
The Tron network is growing very fast recently. Several people are already calling it the foundation of the Web 4.0 and the Tron Foundation has emitted a new report which shows just how much the TRX network has grown lately.
According to the Dapp Review, Tron’s transnational trading volume for March 16 alone was bigger than the whole volume of EOS and ETH… times five. Yes, this is how much the TRX network is getting bigger than the others. When you realize that Ethereum is the second largest network in the market today, the numbers are even more impressive.
— DappReview (@dapp_review) March 17, 2019
Dapp Review has affirmed that just as they have forecasted previously, the TRX trading volume surpassed $100 million USD, which was five times the sum of ETH and EOS together. ETH and EOS only made $15 million in transactions at the same time.
Why is this happening when the other networks are so much more valuable than Tron? Acceptance, mostly. Tron has several decentralized apps (dapps) which are being used a lot. This makes transactions and makes the network much more active than the other ones.
While Ethereum actually shrank a lot in 2018 and it was “abandoned” for several companies, Tron is growing fast now and it has a bright future, which can be seen by the number of transactions.
People are already starting to argue that Tron has a fundamental value that is much greater than the two other networks. If this actually happens, we can expect to see Tron rising in price in the next couple of years and becoming one of the most important blockchains in the market.
Tron also has more dapps than both ETH and EOS got together. While Tron is making new partnerships, the other two networks are considerably struggling to find their way in the market and this translates in the comparative growth of Tron. At the time of this report, Tron has over 187 dapps with more than a total of 464 smart contracts working.