Tron, the smart contracting platform that competes with Ethereum and EOS and ranked highly by the China’s Center for Information and Industry Development (CCID), has climbed up the public addresses rankings only trailing Bitcoin and its competitor, Ethereum.

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Tron is the third most active after Bitcoin and Ethereum

Taking to Twitter to report the good news, Misha Lederman, a staunch supporter of the Justin Sun-led platform, said there were 233k active addresses generating 1 million transactions.

Meanwhile, Bitcoin had the most active addresses, at 640k, however, they only churned 300k transactions. Compared, Ethereum had 281k active addresses but lags in the number of transactions.

5% of all Tron Addresses are Active

According to data from Tron Scan, the network’s explorer, there are over 4.4 addresses moving over 896k transactions in the last day alone. Also, the network has 972 online nodes with a throughput of 6 TPS. From this, simple math reveals that although Tron prides of millions of addresses but only 5% are active.

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Tron Total Addresses
Tron Total Addresses

By Jan 15, 2020, additional data from CoinMetrics also reveals that the number of Bitcoin addresses is 10X more than Tron’s at 759k and 70k, respectively.

Tron versus BTC Addresses
Tron versus BTC Addresses

This disparity is a clear indication that the network is underused even when Tron has a higher throughput, adopting a delegated Proof of Stake (dPoS) consensus system that introduces 27 Super Representatives.

An earlier Twitter post from Tron Scan said the 4 million address milestone points to an ecosystem that is rapidly developing.

A parallel finding by DappRadar, a dapp analytics firm, further concludes that Tron is almost purely a gambling platform.

“TRON is a blockchain that’s almost purely for gambling. And it supports this category very well, both in terms of high daily usage and generated value.”

Tron TRX Gambling
Tron TRX Gambling

Moreover, while developers can launch on the platform, it’s a tall order to sustain audience:

“This isn’t to say developers haven’t attempted to launch other types of dapps on TRON. A decent number of games have been released but, as with dapps in other categories, it appears to be easy to launch well on TRON, but very hard to sustain an audience.”

Dismissed the current Bitcoin Rally

Misha Lederman also dismissed the current Bitcoin (BTC) revival terming it as a blend of hopium and fear about a “notorious fraudster.” Sentiment around digital assets has improved in recent times.

As evidence reveals, Bitcoin’s dominance felled from 68% to 66% at the time of writing hinting of investors re-balancing.

A section of them might have shifted their funds to altcoins in anticipation of the so-called “altcoin season” that could directly benefit TRX, the native currency of Tron.

Tron (TRX) Rises to the 3rd Most Active Addresses after Bitcoin and Ethereum
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Tron (TRX) Rises to the 3rd Most Active Addresses after Bitcoin and Ethereum
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Tron has climbed up the public addresses rankings only trailing Bitcoin and its competitor, Ethereum. Usage remains low as less than 5% are active.
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Author: Dalmas Ngetich



Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich