Some interesting metrics show that Tron (TRX) has clocked three times faster growth as compared to ETH.
One of the leading blockchain platforms, TRON (TRX), is growing at a rapid pace since its launch. TRX crossed one million network accounts within 184 days of its mainnet going live earlier on May 31st.
In contrast, its predecessor and rival, Ethereum, had achieved the same feat 542 days after its mainnet launch. This implies that TRON has managed to hit the benchmark almost three times faster than Ethereum.
Is the Comparison Fair?
The comparison may not be a fair one given the fact that at the time of the Ethereum launch, the awareness about blockchain and cryptocurrencies was relatively low.
However, a look at some other numbers provides a better insight into the relative growth of the TRON network. One such metric is the daily number of transactions. Earlier in November, TRON surpassed the highest single-day transaction total for Ethereum. It is reported that the daily transaction numbers for TRX have more than doubled to 3.3 million since then.
The above number does indeed point towards a faster rate of adoption for TRON. The TRON Foundation claims a high throughput of 2,000 TPS compared to the current 25 TPS of Ethereum.
While TRON does seem to have an edge over Ethereum in the number of daily transactions, the world’s third-largest cryptocurrency recently deployed Red Eyes, the first version of the Raiden Network (RDN) solution for addressing the scalability issue.
RDN is a protocol for scaling token transfers on Ethereum. The deployment of the protocol is a step that will eventually help the network process 1 million transactions per second.
A few weeks back, Ethereum lost its second position to XRP and currently is the third largest cryptocurrency by market capitalization. The digital asset is presently trading at $134.66 with a total market cap of over $14 billion.
In contrast, TRON is currently ranked in 10th place. Its price is now hovering around $0.02, and it commands a market cap of over $1.37 billion.
While TRON has gained good traction since its mainnet launch, Ethereum is still way ahead in terms of adoption. Most ICOs that have been launched over the last two years preferred Ethereum over other platforms for their token creation and decentralized applications.
Do you think TRON will be able to displace Ethereum as the preferred smart contract platform in 2019? Let us know in the comments below.
Images courtesy of Pixabay and YouTube/@Tron Foundation.