On March 17, DApp Review tweeted that Tron’s transnational volume on March 16 had surpassed that of EOS and Ethereum’s, by 5 times. The tweet read, “As we forcasted on yesterday’s tweet, #TRON volume txn surpass $100 million on Mar 16, namely 5 times more than the sum of #ETH and #EOS .”
While Tron posted $102.685 million worth of transactions, EOS and Ethereum both clocked $15.631 million and $3.970 million worth of transactions, respectively. After the latest news, Tronics were elated on Twitter, with Rylis, a Twitter user, commenting, “#TRX should be at 14 billion market cap not #eth in that case 🤔. #trx #TRONDApps ”
To this, Christian Testore, another Tronic replied, “Often true fundamental value for an asset is not realised until some time later…. $trx should be worth a lot more than what it is at the moment but in due time I think it will re-rate.”
This is not the first time Tron surpassed both its competitors. It had been previously reported that Tron clocked more DApps than Ethereum and EOS combined. During the time period between March 3-5, Tron’s transaction volume was a whopping $43.616 million, while EOS and Ethereum posted $11.617 million and $4.408 million, respectively.
Many attribute Tron’s increasing volumes to its consistent evolution in the DApp sphere, an area also occupied by EOS and Ethereum. According to reports presented by the Tron Foundation, the organization listed out the breakdown of its DApps, and its unassailable lead in the market. Tron’s weekly report read, “According to tron.app , as of this week, #TRON has over 187 #Dapps with more than 464 smart contracts. There are 10 decentralized exchanges (DEX) on TRON, 6 collection games, 40 tool Dapps and 4 candybox projects. #TRX $TRX” - 2 hours ago