Tron Blockchain Project Ahead Of Bitcoin By Transaction Volume
For nearly six months, the blockchain project TRON has been first by the amount of cryptocurrency transactions within the network per month, according to the analytical center DataLight.
The project managed to beat Bitcoin in two months, and it took it four months to outrun the Ethereum network. In the monthly assessment provided by the China Center for Information Industry Development, the TRON project is ranked second closely behind EOS, while Weiss Crypto Ratings analysts did not include it in their list whatsoever.
The TRON cryptocurrency is currently placed eleventh in the CoinMarketCap rating with the market capitalization of $1.5 billion. Over the past 24 hours, its value increased by 1.07% and hit $0.023. The daily trading volume was fixed at $239 million.
The market capitalization of all cryptocurrencies reached $142.7 billion, while the daily trading volume was at the level of $35.1 billion. During the last week, the cryptocurrency market was somewhat volatile. On March 21, 2019, its capitalization fell sharply by 3%, and rapidly recovered after a few days.
On March 28, 2019, the price of the first cryptocurrency was $4.075, and its total capitalization reached $71.7 billion. Lately, the highest value of Bitcoin was recorded on March 21 as the coin was traded at the level of $4.094.
As previously reported, TRON developers are going to significantly update the system in the second quarter of 2019 to improve the network efficiency.