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Tron [TRX] mainnet crosses 2.5 million accounts; beats Ethereum [ETH] with 8 million blocks since launch

Namrata Shukla

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Tron [TRX] mainnet crosses 2.5 million accounts; beats Ethereum [ETH] with 8 million blocks since launch
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap might have lost its position in the list of top 10 cryptocurrencies but is adding new feathers to its cap every day. Tron Foundation, led by its founder and CEO Justin Sun, has been performing exceedingly well when it comes to DApps. However, this time, the Tron mainnet marked a milestone as it reached 2.5 million accounts.

Misha Lederman, a prominent proponent of the Tron community, announced the development on his Twitter handle. Lederman said that there were 2,500,133 user accounts on Tron’s mainnet since its launch in June 2018. He tweeted,

The proponent also followed up with another tweet to inform the community that Tron had produced more blocks than Ethereum [ETH], its main competition. Lederman said that Tron had produced 8.3 million blocks since its launch in 2018, while Ethereum, despite having the advantage of starting early in 2015, had only 7.5 million blocks.



Tron has been moving forward with its DApps development and evolving ecosystem to prove itself. Recently, Travala.com, a renowned blockchain travel platform, announced that they will be accepting TRX token for booking hotels across the world. The number of hotels was above 500,000, which hinted at a massive adoption push for the TRX token. Travala said:

“Use TRX to book 550,000+ hotels worldwide with an average saving of 15% on http://Travala.com Get further savings up to 10% off the already amazing prices with our SMART program.”

According to Today’s Gazette, Tron is the tenth cryptocurrency to be adopted by the platform after Bitcoin, Litecoin, Ethereum, and XRP, among others. At press time, Tron’s price was dipping and had fallen by 1.14% over the past day. Tron was valued at $0.0264, with a market cap of $1.76 billion.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

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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