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Tron [TRX] surpasses Ethereum [ETH] in terms of dApp volume with 422 million transactions

Akash Anand

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Tron [TRX] surpasses Ethereum [ETH] in terms of dApp volume with 422 million transactions
Source: Unsplash

On November 17, Justin Sun, the Founder and Chief Executive Officer [CEO] gave the Tron community another reason to celebrate. The Tron official stated that Tron had surpassed Ethereum [ETH] in terms of dApp volume.

Reports show that IDEX, which is the most successful dApp on the Ethereum network has a transaction volume of 2430 ETH transactions in a span of 24 hours. Tronbet, on the other hand, has over 422 million TRX transactions. Post the announcement, users on Twitter were quite excited:

Lucas, a Twitter user, stated:

“@kamagames @akuzn2 you must read this! #ethereum is outdated #tron is the future especially for online casino’s.”

NanCrypto, another fan of the cryptocurrency said:

“ I have said time and again that TRX will go up to the moon and Ethereum will be left behind in the dust. This event is more than enough proof that I was right.”

The dApp achievement comes in the wake of Tron accepting DAPPHOUSE to run as a Super Representative member. Justin Sun had stated that DAPPHOUSE is committed to researching and developing Dapp and “is providing a good solution and display platform for the operation of the applications.”



Back in September, Sun had even asked developers and users to stop deploying pictures on the Ethereum blockchain and instead shift to the Tron blockchain. In his words:

“Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience!”

Tron had also made news recently when it was revealed that the total number of mainnet accounts on the Tron network had surpassed 600,000.





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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