TRON continues to grow at speed, already at a third of Ethereum’s transaction rate

It’s been a very fast start for TRON, as early figures suggest it’s giving Ethereum a run for its money…

by Manoj Sharma for CNR

While the cryptocurrency market has been going through a particularly bumpy few weeks, tokens like TRON are gaining value. As reported by TRX Colony on 2nd September, the daily transaction rate for the currency rose from 30,100 to 206,000 by the end of August. Though the aforementioned numbers are nearly a third of Etherum’s average daily transactions, TRX Colony tweeted that it is growing faster than all other coins.

What makes this of particular interest is that TRON was launched only two months ago, and yet has already been hitting high milestones. TRON made it up to 416,000 transactions at its August peak, whereas TronScan claims that the platform hit 440,135 transactions by the end of the month.

Justin Sun, the founder of TRON, has often claimed his platform is better than others and has been quite vocal on Twitter about his disdain for various cryptocurrency projects, especially Ethereum. Still, TRON still has a long way to go to match the levels of Eth. Currently, Ethereum is dominating the market with a daily high of 780,000 transactions. TRON stands in 13th position with 302,525 user accounts (well under Ethereum’s estimated 42 million) at the time of writing.

Regardless, this is great news for a startup that hardly had a platform before this year.

TRON has been seen making a lot of improvements to its platform too. It not only they launched its own social media dAPP but also bought up BitTorrent in a high profile movie, as well as acquiring Blockchain.org. Furthermore, last week, TRON pushed a virtual machine out of beta, which is compatible with Ethereum projects and is more efficient than its counterparts. It looks like it might just have a fair amount of further growth ahead of it…