EOS Leads in Transaction Volumes Ahead of Competitors

Published on 02 August 2018 by Cryptovest Staff

The EOS network has proven that the semi-centralization is efficient in handling both volume bottlenecks and high transaction days.

The record of EOS is 9.44 million transactions in a single day, and the average for the past seven days has remained high at above 7 million transactions. The past weeks have seen a series of records broken by EOS. However, skeptics believe the high activity is mostly due to spam and does not reflect a real community activity, or a need to use the network. The negative opinions point out that EOS may not be the “Ethereum Killer”, as it has often been called.

The peak days coincide with EOS’ hackathon, an event to explore the possibilities of the network. Additionally, the spike in activity comes with the scheduled airdrop of Trybe, an EOS-based project. Despite the high activity, the EOS RAM price has fallen to normalized levels of 0.14 EOS per KB.

https://twitter.com/EOSWeekly/status/1024979243304976389

The importance of airdrops for the EOS ecosystem is high, and a new tool was added to boost the fairness of snapshots, and base them on the current state of the network, instead of the genesis block:

https://twitter.com/eosnewyork/status/1023980161287577601

Airdrops are the chosen means to distribute tokens on the EOS ecosystem, in place of ICOs. However, smaller projects may have been hampered by low RAM activity.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.