Date: Wednesday, July 24, 2024, 7:31 AM GMT
In the cryptocurrency market, the Tron network has outshined Ethereum in terms of total transactions. According to data from Lookonchain, Tron has amassed an impressive 8.1 billion transactions, leaving Ethereum's 2.45 billion transactions in the behind. This means Tron's transaction volume is a staggering 3.3 times higher than Ethereum's.
Source: Lookonchain (X)
Despite this, Ethereum remains a giant in the crypto world. As of today, Ethereum $ETH is trading at $3,444, experiencing a slight dip of 0.17%. Its market capitalization stands strong at $414 billion.
On the other hand, Tron $TRX is seeing a surge, trading at $0.1340 with an increase of 1.81%. Its market capitalization is significantly lower than Ethereum's, at $11.66 billion.
This data highlights Tron's growing influence and usage in the crypto space. While Ethereum continues to lead in terms of market value, Tron's higher transaction volume could indicate a shift in user preference and network efficiency.
