Written by: PANews
In 2019, EOS, TRON and Ethereum are the top contenders that developers are using to build and deploy their decentralized applications. Moreover, in the past year, underdogs like TRON and EOS have been beating out relative old-timer Ethereum on a few metrics like user adoption and transaction volume.
This competitive landscape has become even more stark in the face of some direct hostility between Tron’s founder Justin Sun against his competitors. Justin Sun, founder of media development platform TRON, has positioned himself as a direct competitor to leaders like ETH and EOS, saying in a tweet:
#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their DApps to #TRON
Many studies and articles have pointed out how easily fake news spreads on Twitter. Rather than accepting Sun’s claims and similar opinions about the state of today’s DApp platforms, PANews decided to go to the numbers. PANews has provide a brief overview of the three platforms’ performance to test Sun’s controversial claims.
PANews organized the key metrics-- market value, transaction volume, number of developers and users in this article. All data is from January 11, 2018, and is sourced from CoinMarketCap and Spider Store. The article also includes a brief comparative overview of security for each of these platforms at the end.
Market Capitalization and Volume: ETH is still the clear leader
Coinmarketcap provides a clear overview of the current market value of each of the three platforms. Market capitalization is “one way to rank the relative size of a cryptocurrency, calculated by multiplying price by the circulating supply”.
According to data from CoinMarketCap from January 11, 2018, Ethereum is still a clear leader in terms of market value with a market cap of 13,433,252,456 USD and 3,529,062,748 USD 24 hour volume. Ethereum’s market cap is just over 6 times that of EOS and just under 8 times that of TRON. Ethereum’s 24 hour volume is still around 3x those of TRON and EOS. Here are TRON, EOS, Ethereum by the market numbers:
User and Developer Communities：EOS>TRON>ETH
As many are quick to point out scalability and speed are moot points if there is no adoption. Network activity is a great measurement for the platforms’ popularity among users and developers. PANews compiled the list of the top five projects using EOS, TRON and ETHEREUM respectively to examine data on the number of active users.
A quick rundown of the number of users on each platform as of 1/11/2019 demonstrates that over 7 days, EOS and TRON lead at 76,610 users and 31,313 users respectively. Ethereum trails behind at 18,290 users over 7 days. Sun has not only pointed out the issues of speed and scalability that are likely to hold developers back on Ethereum, but even put up a fund to incentivize more development on TRON.
The blockchain industry is still young, but the rapid pace of development in the developer communities has ushered in rapid changes to the competitive landscape. Already, newcomers such as EOS and TRON have made significant strides in terms of numbers of DApp development and user adoption despite being relatively young. Sun’s bold social media claims seem to point more to the changes in the industry to come than objective measurements of each platform’s success.
Comment below to share your thoughts on this debate
Graphs and Charts of Interest, Data Source: spider.store
EOS Top Five Project Stats
Ethereum Top Five Projects Stats
TRON Top Five Project Stats
