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TRON (TRX) Passes One Million Daily Transactions

November 05, 2018 08:38

Just two weeks after breaching 500,000 daily transactions, the TRON (TRX) network has reached the one million daily transaction milestone, around double the current daily transactions of Ethereum (ETH).

According to TRON network data, the project almost passed the one million mark two weeks ago but fell just short at 900,000. However, after days of steady address growth, the network has surged to nearly 1.1 million daily transactions. 

For comparison, Ethereum’s daily transactions have been fairly stagnant in the 500-600k range.

TRON’s transaction growth is in part due to the rise of simple betting dapps launching on the network.  Both TronDice and TRONbet, have already surpassed the 200 million TRX payout mark in less than a month.

TRX currently has a $1.54 billion market cap, making the coin the 10th largest in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.