TRON (TRX) and BNB Chain Outshine Ethereum (ETH) With Double the Activity

2023-7-13 16:15

Compared to Bitcoin (BTC), Ethereum (ETH) has delivered a relatively flat price performance over the past month. On-chain data reveals Ethereum (ETH) has been losing traction to alternative Layer-1 (L1) networks like TRON (TRX) and BNB Chain. 

While Ethereum holders have accelerated ETH staking to unprecedented levels, investors have been attentive toward alternative networks for day trading. Blockchain analytics platform has published a report illustrating how TRON and BNB Chain overtook Ethereum in June 2023. 

TRON and BNB Chain Overtake Ethereum Trading Activity

TRON and BNB Chain sit ahead of Ethereum regarding trading activity over the past month. The Nansen chart below illustrates that both networks have attracted two times more trading activity than Ethereum. 

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The chart below shows that TRON (TRX) Monthly Active Addresses grew 42% to reach 17.1 million in June. And despite the negative sentiment surrounding the US SEC’s lawsuit, Binance’s BNB Chain (BNB) monthly traction only fell by 4% to hit 11.9 million Active Addresses. 

This was enough for both Layer-1 platforms to overtake Ethereum despite its 23% growth from the 4.7 million active addresses it recorded in May 2023. 

Crypto Investors Turn to TRON and BNB Chain | Monthly Active Addresses, Source: Nansen

Monthly Active Addresses tracks changes in network traction by aggregating the number of unique wallet addresses carrying out transactions. When it increases, the network’s native token will likely attract investor demand, which puts upward pressure on the price.

Evidently, TRON’s native token, TRX, is now up 11% from its recent low on June 19. Likewise, BNB has gained 4% since June 12, despite its ongoing regulatory squabbles.

The chart above illustrates that Ethereum now sits third on the list of investors’ most desired cryptocurrency network for transactions. 

Notably, Ethereum staking activity rose to new all-time highs in June 2023. This can be attributed as one of the critical factors behind the trading deceleration. 

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The post TRON (TRX) and BNB Chain Outshine Ethereum (ETH) With Double the Activity appeared first on BeInCrypto.

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ethereum tron chain bnb trx activity double

Источник: beincrypto.com

ethereum tron → Результатов: 126


Фото:

Ethereum Grows Weaker As More Than Half Of Tether’s $62 Billion Supply Now Sits On Tron

Ethereum and Tron have had a history of contention. Offering similar services, the two blockchain networks have been going head to head in several measures of blockchain success. Even their founders, Vitalik Buterin of Ethereum, and Justin Sun of Tron have taken jabs at each other online severally. In the past year, the rivalry has […]

2021-7-24 23:47


Фото:

Джастин Сан готовится к официальному сотрудничеству с Ethereum и запуску USDT-Tron

Создатель и глава Tron Джастин Сан (Justin Sun) в интервью подкасту The Crypto Chick заявил, что видит в конкуренции с Ethereum потенциальные возможности для криптоиндустрии в целом, а также стимулы для появления на рынке лучшего продукта – и в этом году его проект начнет “официально сотрудничать” с Ethereum.

2019-4-8 10:12


Tron CEO Trolls (?) Vitalik, Teases Unlikely Ethereum Alliance

Tron founder and CEO Justin Sun recently announced on the CryptoChick podcast that his crypto project would be officially collaborating with Ethereum. Wait, what? Justin Sun: Tron Will Collaborate with Ethereum This Year Justin Sun appeared on an episode of Rachel Wolfson’s TheCryptoChick podcast this week where he discussed the launch of the Tether stablecoin on Tron.

2019-4-8 01:00


Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together

Many cryptocurrencies surged after the market rejoiced in the presence of the bull. However, the bull seemed to have left the market as major coins acquired new normalcy. While, Ethereum [ETH], the second largest cryptocurrency and Tron [TRX], the eleventh largest cryptocurrency, were battling it out in the coin market, Ethereum’s Vitalik Buterin and Tron’s […] The post Ethereum [ETH] and Tron [TRX] Price Analysis: Coins steady as they ride the bull together appeared first on AMBCrypto.

2019-3-29 12:30


Tron’s Justin Sun to Ethereum’s Vitalik Buterin; “Don’t think Ethereum transaction volume will ever catch up to TRON’s again.”

Cryptocurrency developers are not one to keep mute, especially when their token hit a major milestone. Justin Sun, the founder of the world’s 11th largest cryptocurrency by market capitalization is still in excitement over the consistency in trading price that has overthrown the world’s second largest cryptocurrency Ethereum.

2018-11-10 15:27


Сеть Tron в 80 раз быстрее, чем Ethereum

На днях Джастин Сан заявил, что скорость транзакций в сети Tron составляет 1200 т/с, что в 80 раз быстрее аналогичного показателя в блокчейне Ethereum. Такие успехи стали возможны благодаря новому партнерству с BitTorrent, сообщает The Daily Hodl.

2018-7-29 12:14


Разработчики Tron частично скопировали код Ethereum и других проектов

Исследовательская компания Digital Asset Research обнаружила, что код Tron был частично скопирован из других криптовалютных проектов. Строки кода взяли из Ethereum, при этом факт заимствования попытались замаскировать.

2018-6-22 16:00


Фото:

Обзор событий на рынках криптовалют за 16.01.2018

Серьезная коррекция на криптовалютном рынке. Исключением являются: NEO и Monero, все 20 топ криптовалют подешевели. Криптовалюты, которые потеряли вес более чем на 10 процентов: Ripple, Cardano, Bitcoin Cash, Stellar, EOS, Dash, Tron, Bitcoin Gold и Ethereum Classic.

2018-6-22 15:10


TRON Foundation сожжет 1 млрд токенов TRX после запуска основной сети

Разработчики криптопроекта TRON подтвердили, что в период с 21 по 25 июня токены TRX будут переведены с блокчейна Ethereum в основную сеть. Пользователи не смогут выводить токены с криптобирж, пока не будет сделан снимок балансов по их счетам, закончены работы по переводу средств и разморожены операции по их внесению и выводу.

2018-6-22 12:22


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