Tron (TRX) network has surpassed Bitcoin (BTC), Ethereum(ETH), Ripple(XRP) and Bitcoin Cash (BCH) in terms of the number of transaction on a daily basis. According to information released by Misha Lederman, co-founder of I AM Decentralized.org, shows that all the other virtual currencies were not able to handle the number of transactions that Tron handled as per the record of November 7, 2018.
The Tron network is growing at a rapid rate. On 7th November, transactions registered by top four digital currencies were: Ethereum: 564,602, Bitcoin: 293,604, XRP: 193,540, BCH: 22,252 which altogether make 1,000,000. Meanwhile, TRON single-handedly, registered 1,183,155 transactions on the same day.
This transaction rate continued to surge over the course of a few days. The next day, on November 8th, there were 1,270,000 transactions of TRX. On the other day, there were 1,300,000 processed transactions of TRX by the TRON network. Similarly, the volume address also grew and more than 10,500,000 wallets of TRX were registered on 10th November.
This growth is a milestone for Tron as it launched its main net on June 25th and became the biggest decentralized network in the market leaving behind Ethereum. After its launch, developers are able to build dApps on the Tron network as well.
Another reason behind this surge is the number of transactions Tron is able to handle. According to Tron’s official site, Tron network can handle 2,000 transactions per second whereas Ethereum and Bitcoin can reach up to 25 TPS and 3 or 6 TPS respectively.
This news might not surprise those following TRON, as Tron has been making a lot of hype and the news in the crypto market. Clearly, Tron has shown its potential of growing the market that was initially dry since the beginning of the current year.