TRON (TRX) Overtakes Ethereum (ETH) in Daily Transaction Volume, Helped by Popular DApps Such As TRONbet

Siamak Masnavi
  • 21 Oct 2018

On Saturday (20 October 2018) Justin Sun, the founder and CEO of the TRON Foundation, announced that on the previous day (i.e. October 19th), TRON (TRX) had surpassed Ethereum (ETH) in daily transaction volume for the second day in a row, no doubt helped by popular DApps such as TRONbet.

On October 19th, TRON Block Explorer had tweeted that on October 18th the TRON network had had its highest ever daily transaction volume:

It is worth noting that TRON Block Explorer says that "77% of those transactions were Smart Contracts that were triggered."

Then, TRON gaming DApp TRONbet, which was launched on October 13th, replied to TRON Block Explorer's tweet, saying that it had been responsible for roughly one sixth of those transaction:

According to Justin, TRONbet has around 70 million TRX in its prize pool. One lucky player has won over $130 worth of TRX already.

Later, on the same day (i.e. October 19th), Justin tweeted that on October 18th, the TRON network had overtaken the Ethereum network for the first time in daily transaction volume, and said that this was "just the beginning":

Yesterday (October 20th), Justin reported that on October 18th, TRON had repeated this feat (with 599,677 daily transactions vs. Ethereum's 566,971):

Some other related news from the TRON Foundation:

  • October 18th: "mainnet accounts surpassed 500K, the growth speed remains 100K per month."
  • October 17th: "TRONbet, a provably-fair dice game, is one of the many gaming #dapps that are being built on the #TRON network. On the first day of the release, TRONbet was played over 10,000 times."
  • October 16th: "More than 90 smart contracts have been deployed on the #TRON Virtual Machine after it was launched on the upgraded mainnet less than a week ago!" 

According to data from CryptoCompare, the TRX price is currently at 0.02487, up 0.69% in the past 24-hour period.

Featured Image Courtesy of TRON Block Explorer