Cryptocurrency
TRON (TRX) Reaches 1 Million Accounts 3x Faster Than Ethereum (ETH)
The network’s growth has exploded since going live 6 months ago.
TRON (TRX) officially reached 1 million network accounts on December 23, only 184 days after its mainnet went live.
As first highlighted by Misha Lederman, Ethereum (ETH) accomplished the same feat last January, 542 days after its own mainnet launch. This means that TRON hit 1 million accounts roughly 3-times faster than Ethereum.
While this comparison is interesting, it ultimately isn’t that revealing, given the fact the cryptocurrency market and awareness when Ethereum first launched was a fraction of what it is today.
There are other metrics that better exemplify the relative growth of the TRON network. For instance, last November, TRON officially surpassed the highest single-day transaction total for Ethereum. Since that time, TRON’s daily transactions have more than doubled to 3.3 million.
#TRON reached 1 million accounts on Dec 23, in 184 days or 6 months since #TRX Mainnet Launch
In comparison,#Ethereum reached 1 million accounts on Jan 22, in 542 days or 18 months since #ETH Mainnet Launch
Let that sink in for a moment… #IAmDecentralized🖖🏽#TronFOMO$TRX pic.twitter.com/YwX7yJy4BH
— Misha Lederman (@mishalederman) December 24, 2018
While TRON has seemingly taken the lead from a metrics standpoint, Ethereum recently took a step toward being able to process 1 million transactions per second after Red Eyes, the first version of the Raiden Network (RDN), a protocol for scaling token transfers on Ethereum, was successfully deployed on the Ethereum mainnet.
TRX is currently down 14.5% on the day to $0.019728, giving the project a $1.31 billion market cap and making it the 9th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.