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Quick grip:
- In October, Tron and Ethereum generated $ 280 million and $ 159 million in transaction volume, respectively
- Tron’s daily active addresses increased 248% in October
- Ethereum’s daily active addresses increased by 10% over the same time period
- TRONCHAIN and TRON2GET were the 2 Dapps behind Tron’s impressive growth
The month of October was active for the Tron network (TRX). According to DappRadar’s most recent DeFi and Exchanges report, the Tron network generated a total transaction volume of $ 280 million. Over the same period of time, the Ethereum network generated a transaction volume of $ 159 million.
The DappRadar team further worked out the Dapp statistics using the following statement and accompanying chart.
In October, total transaction volume increased 79% and 83% in Ethereum and TRON, respectively, compared to September 2020.
As illustrated in the graph below, it is quite evident that Ethereum and TRON generated a total transaction volume of $ 159 million and $ 280 million respectively in October.
TRONCHAIN and TRON2GET Behind the impressive growth of Tron
From the chart shared above, it can be seen that Tron’s transaction volume has been lagging behind that of Ethereum for over a year until last month. The report goes on to explain that two DApps were behind Tron’s impressive growth in daily active addresses and transaction volume.
In October, TRON and Ethereum’s daily active portfolios increased 248% (4,135) and 10% (58,643) respectively compared to September.
The dapps behind the growth were TRONCHAIN, TRON2GET of TRON and HEX and Forsage of Ethereum …
The dapps behind this growth in total transaction volume in October are the same as cited in daily active portfolios. TRONCHAIN, TRON2GET from TRON and HEX and Forsage from Ethereum.
Tron could finally reach Ethereum
From the graph shared above, it can be vaguely concluded that activity on the Tron ecosystem has grown to the point of challenging that of Ethereum. This ignores the fact that the two dapps of TRONCHAIN and TRON2GET are classified as “high risk” on DappRadar.com.
Perhaps waiting for next month’s report would be a good idea to determine if the monthly transaction volume of the Tron network will once again exceed that of Ethereum.
Justin Sun encourages Ethereum users to migrate to Tron
Earlier in the week, Justin Sun had encouraged Ethereum users to migrate to the Tron network following the discontinuation of Ethereum’s Infra.
Do not worry #Etheruem disruption of infrastructure and suspension of the withdrawal of the gearbox you can try #TRX is #USDT above #TRON instead of. 😉
– Justin Sun🌞 (@justinsuntron) November 11, 2020
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