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”
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.
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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