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EOS sets new record for most cryptocurrency actions in one day, crosses Tron, Bitcoin and Ethereum

Namrata Shukla

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EOS records a new record for most cryptocurrency action in one day
Source: Pixabay

EOS, the sixth largest cryptocurrency on CoinMarketCap, reported significant growth over the past few days, proving to be a strong competitor for Binance Coin [BNB], Litecoin [LTC], and Bitcoin Cash [BCH]. Apart from the performance in the market, EOS also set a new record for the most cryptocurrency actions processed in one single day.

Source: Block Activity

Source: Block Activity

According to eoswriter.io, an action is an instruction given from one account to perform on another special account running a smart contract.

Daniel Larimer, the CTO of Block.one, who developed the EOS protocol, tweeted about the development:

“#eos recently set a record of over 70m actions processed in one day. An average of over 810 actions per second. Our team is making great strides in further optimization and scaling. #B1JUNE”

According to data available on Block activity, the record of operation amounts to 83,797,783 and the data made available by EOS Titan indicated that over the past 24 hours, the most actions came from pornhashbaby contract, which was over 6.7k, and from the eosio.token transfer, which was calculated to be almost 3k.



According to another analysis conducted on the unique user accounts per hours for the past day, it was noted that pornhashbaby was the most used contract and was followed by eosio.token. This statistic and the performance of EOS might help drive more adoption for the cryptocurrency.

At press time, EOS was valued at $5.25 with a market cap of $4.76 billion. It noted a 24-hour trading volume of $2.22 billion and a seven-day rise of 23.69%. EOS observed a fall of 0.20% over the past day and dipped by 0.34% within an hour, at press time. EOS was highly traded on Bibox via the EOS/ETH pair, with a recorded volume of $190 million. ZBG followed Bibox noting a trading volume of $179 million with EOS/USDT pair. IDAX took the third place via the EOS/ETH pair and noted a volume of $124 million.





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Altcoins

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla

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Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on Binance.com will be halted for the initial 12-hour migration period, however, trading will continue. The post added:



“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.





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