Tron Foundation’s TRX founded by Justin Sun has now surpassed 1 million daily transactions. According to the TRON network data, TRX surpassed 1.1 million daily transactions mark after two weeks of surpassing 500,000 daily transactions.
Tron was specifically created to provide free worldwide content entertainment system with the help of blockchain on a decentralized ecosystem. The protocol allows each user to freely store and own data. The creator gets to decide the distribution, subscription and enables content creators by releasing, circulating and dealing with digital assets.
TRX now has double the amount of daily transactions than that of Ethereum [ETH]. Ethereum’s daily transactions have been stagnant hovering around the 500-600k range.
The astronomical growth of Tron’s transactions occurred due to 200 million TRX payout in TronDice and TRONbet. Currently, Tron has a market cap of $1.53 billion making it the 11th largest Cryptocurrency by Valuation. However, this may not stay the same. With the pace Tron has been growing over the months they’ll surely become the 10th largest cryptocurrency.
This milestone was achieved in just a span of 131 days. It can be confirmed with the help of TronScan, which showed that the daily transactions stand at 1.08 million, the number of individual account holders on Mainnet was around 564,137 and the number of active nodes is 1,137.
Furthermore, the Tron network has 265 active smart contracts which have been triggered a whopping 9.5 million times.
In the blockchain industry, Tron is one of the very few firms which has been purely “decentralized”. They also have high throughput where decentralized applications can be easily handled. The DApps are for the entertainment industry such as gaming, content creation and social media.