According to data from Tronscan, a block explorer for the TRON network, the total transactions jumped from 170,000 on October 15 to a whopping 630,000 on October 18, an increase of more than 270%.
Conversely, the Ethereum network has been fairly stagnant over the last 6 months, hovering around the 600,000 transaction mark for a greater portion of the time. Data from the last 14 days, shown below, exemplifies this trend.
The surge in transactions on the TRON network is likely due to a number of factors, including the activation of smart contracts on its long-awaited virtual machine. TRON has also seen significant activity in early dApps, including TRONbet, a provably-fair dice game and the network’s first gaming dApp, which was played over 10,000 times on its first day after launch.
While transactions have not increased on the Ethereum network for some time, its development continues to move forward. Impressively, Ethereum was recently recognized as the fifth fastest growing open source project on all of GitHub.
TRX currently has a $1.58 billion market cap while ETH sits at nearly $21 billion, making the projects the 10th and 2nd largest, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.