Tron (TRX)’s been grabbing the eyeballs of traders consistently for
Tron (TRX)’s been grabbing the eyeballs of traders consistently for quite some time. The transactions seem to be on a steady rise for the past month. Now according to the market cap, it has currently more transactions per day than the other top four of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) all combined.
According to a data map by Tron, the highest observed transaction day is November 9 with over 1.3 Million transactions.
In the same period all the other top cryptocurrencies BTC, BCH, ETH, XRP combined couldn’t hit the million mark.
Also Read: TRON foundation will conduct a Burn of 1 billion TRX
What is the Reason for this meticulous rise?
Many experts of the field believe TRX can owe its transaction activities to dApp. A platform with many favourite games on it, making its this busy. The dApp gaming platform is so popular that, Tron paid out the winner with 5 Million in a multiplayer gaming contest.
The other side of the story, these gaming aided inflated transactions doesn’t make any difference to its market value. As regarding value, TRX lags exponentially from others in the list. The reason being, these dApp based transactions are mostly zero value as it is a gaming platform. The following map gives you a fair idea on how inflated transactions does not impact much on its market value.
The prime example of how these gaming platforms based on blockchain can only inflate the number of transactions and not anything to the actual value is EOS, another gambling based dApp game. EOS even outperforms TRX when it comes to some trades, as the zero-valued game based transactions are counted in as well. So anyone should not get alarmed over these dApp based gaming platforms and their zero-valued increased transactions