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Tron’s [TRX] transaction volume breaks historical highs of Ethereum [ETH] and EOS

Akash Anand

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Tron [TRX] transaction volume breaks historical highs of Ethereum [ETH] and EOS
Source: Pixabay

Tron [TRX], the 11th largest cryptocurrency on the charts, has had a sporadic bull run over the course of the last few months, and the latest market rise is no different. At a time when Bitcoin [BTC], Ethereum [ETH] and XRP witnessed massive gains, Tron broke the flow after falling by a significant 7.5 percent in an hour.

Justin Sun, CEO of Tron Foundation, had previously highlighted a silver lining in the current market atmosphere though, tweeting,

“The total transaction volume on #TRON was very impressive in Q1. It once surpassed $91 million on March 15, which was way beyond the historical highest record of #Ethereum and #EOS dapps. #TRX $TRX”

Source: dapp.com

Source: dapp.com

Tron’s Q1 report showed that the number of DApps, active users, transactions and volume saw sufficient up and down movements, with March 2019 being the best performing month. In January 2019, the number of active Tron DApps was 101, the lowest when compared to February’s 104 and March’s 130.

The number of active users fluctuated in a sinusoidal manner, with January, February, and March seeing 137,905, 160,990 and 113,807 users, respectively. According to etherscan.io, on the Ethereum platform, the total number of blocks was 6,424, while total block rewards amounted to 13,206.26 Ether.



Source: etherscan.io

Source: etherscan.io

Ethereum lagging behind Tron came on the back of a new Diar report that revealed that monthly ETH DApp volume had hit an all-time high in the month of April. The report added,

“This year is the most prolonged period of growth in terms of transacted volumes DApps have witnessed, ever.”

At the time of writing, the EOS blockchain was on block number 58439066, with the head block producer being eosauthority. EOS has been a fairly relative competitor for Tron, as even the Brock Pierce-led cryptocurrency performed better in terms of DApp returns, when compared to Ethereum. The report from Hard Fork, while stating that both Tron and EOS performed better than Ethereum, also added that,

“It might sound like Ethereum is on a knife-edge going into Q2. But given how well it weathered the bear market and how stable its price was for the first half of Q1, it seems to be resilient in the face of recent challenges.”





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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