Ethereum News Today – Headlines for February 9

  • Ethereum outpaced Tron by a mile in terms of usage
  • ETH had 626,000 transactions in the last 24 hours
  • TRX had 816,000 transactions in the last 24 hours

Ethereum News Todaytwo days ago, Cold Card and Opendime founder, Rodolfo Novak, tweeted that Ethereum was over. He added that there was a plan to shift Tron to Liquid. The liquid firm is a network designed to leverage the BTC chain. Some members of the crypto community saw the tweet as a joke.

For others, it sparked up debates about Tron’s and Ethereum’s legitimacy. Of course, Ethereum and Tron have similar goals. Both projects leverage DeFi and dApps as well as permissionless protocols for token creation. No matter what the community thinks about Tron or Ethereum, we have decided to compare both projects.

Tron (TRX) Price Today – TRX / USD

NamePrice
bitcoin
Bitcoin
$9,663.27-2.03%
tron
TRON
$0.020-2.52%

Tron vs. Ethereum

On February 7, ETH had 626,000 transactions in 24 hours. TRX had 816,000 on the same date. Ether has consistently led for BTC transactions daily. Tron has consistently led in terms of daily average. Both Ethereum and Tron represent tether (USDT), but ETH has more. There’s 814 million USDT on Tron’s network. There’s 2.2 billion USDT on ETH’s network. ETH also leverages stablecoins like USDC, TUSD, and PAX.

Ethereum outpaces Tron in terms of stablecoin usage by a long shot. The ETH chain has more stablecoins. The two chains have indeed had more tethers move to each Blockchain at certain periods in 2019. Regarding funds that have been locked into DeFi, Ether takes the top spot and it is number one for CeFi as well (decentralized finance and centralized finance). With projects like Compound, Maker, and Instadapp. Ether’s Defi apps attained a milestone recently on February 6. This was when the total value of the network’s DeFi locked surpassed the $1 billion mark.

Ethereum and Tron Trading Data in the Last 24 Hours

The trade volume available for both coins shows that Tron has about $203 million in the past 24 hours. Regarding the “real volume” index there’s only $49 million from TRX trades. ETH’s reported trade volume as of February 8 was $3.5 billion. Tallying up the above-mentioned statistics shows that the ETH network offered a better investment last year. The project also has more liquidity, as well as trade volume.

When it comes to yearly Github activity, there is data suggesting that Tron outpaced ETH’s development in the last 12 months for tallied commits. ETH reportedly has no less than 451,000 Reddit subscribers. This is the same figure for ETH when it comes to Twitter followers which gives the project 23% for social rating.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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