On-chain data allows for a comparative analysis of various blockchains to determine which is currently the most utilized for transactions. The visualization highlights major blockchains such as Bitcoin, Ethereum, TRON, and Polygon. Among these, TRON consistently processes the highest actual volume of transactions over time, with a Transactions Per Second (TPS) rate of 85 TPS, surpassing its competitors: BTC (~7 TPS), ETH (~14 TPS), and Polygon (~30 TPS). Additionally, it’s noticeable how reliable TRON's actual TPS remains compared to other chains.

Notably, 96% of all TRON transactions are associated with stablecoins. While Bitcoin and blockchain technology are often seen as the greatest innovations from the crypto sector, I would argue that stablecoins are just as game-changing if not more.

Written by maartunn