TRON (TRX) Hits A Third of Ethereum’s Daily Transactions

While the cryptocurrency markets aren’t performing as per expectation, some tokens like TRON are observing a rise like no other. By the end of August, the average transactions rose from 30,100 daily to 206,000 by the end of the month.

The aforementioned number is nearly a third of Ethereum’s average daily transactions, according to a tweet via the TRON Colony account:

$TRX started Aug. with only 30,100 transactions a day. By the end of the month the avg. # of daily transactions was NEARLY 1/3 that of $ETH. #TRON is the fastest growing coin, this rocket ain't stopping for anyone ?#trx #tronfam pic.twitter.com/qfqzS3CNSw

— TRX Colony (@TronColony) September 1, 2018

Currently, Ethereum is ranked second according to cryptocurrency by market cap and TRON stands at the 13th position. TRON’s founder,  Justin Sun, has often claimed his platform better than others and his been vocal about his disdain for Ethereum and other cryptocurrency projects.

While Sun’s claim is not very far from the mark but TRON still has a lot of catching up to do. As of this writing, TRON has 300,525 user accounts – well under Ethereum’s estimated 42 million.

TRON has been making all sorts of improvements to their network in 2018. From launching their own social media dApp to purchasing the BitTorrent to acquiring the Blockchain.org. Just last week TRON pushed a virtual machine out of beta. Since TRON virtual machine is compatible with Ethereum projects and reportedly more efficient, we may see more users jumping ship to the new platform soon.

Read more: Tron’s Odyssey 3.0 Is Live, And It Challenges Ethereum, EOS, and NEO