Tron’s October Transaction Volumes were Almost 2X Those of Ethereum
A DappRadar report shows that Tron’s transaction volumes in October were almost twice those of Ethereum at $280 million versus $159 million, respectively. This is the first time in a year that Tron’s transaction volumes had surpassed Ethereum. At the same time, the number of daily active addresses in the Tron network rose 248 percent during the same period.
While Ethereum is the dominant smart contracting platform, Tron commanders other facets like gaming and gambling.. For instance, betting and gaming dApps prefer Tron’s scalability and high throughput. As there are no congestion and transaction fees are low, it is feasible for these dApps to operate and offer the best experiences for their wide use base. Conversely, Ethereum is the home of DeFi but characterized by high transaction fees, its popularity still makes it hard for gambling and gaming platforms to operate without fees and congestion glitches impacting operations. As such it is to some degree understandable that powering Tron’s sharp transaction volume growth in October were two dApps--TRONCHAIN and TRON2GET-- classified as “High Risk” by the blockchain analytics firm.
Impact on the TRX Price:
Bullish. Activity is a mark of utility in blockchain and crypto circles. As Tron and others carve out niches in the competitive sector, Tron is emerging as a suitable platform for gaming dApps. Gaming and gambling are multi-billion sectors that if ported successfully to the blockchain may immensely benefit scalable platforms like Tron.
More market updates on our Blog