EOS Leads in Transaction Volumes Ahead of Competitors
The EOS network has proven that the semi-centralization is efficient in handling both volume bottlenecks and high transaction days.
The EOS network was the absolute leader in terms of transactions on August 2, a feat given that several other leading coins underwent their own spikes in activity. According to Blocktivity, EOS carried a total of 7,922,266 transactions in the past day, more than 10 times the level of Ethereum, outstripping even the other leading networks Steem and Bitshares, also the brainchildren of Daniel Larimer. EOS has set a one-time record of 3,590 transactions per second, though those are not processed every second.
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.
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:
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.
The EOS market price has been depressed in the past week, sliding by 18% and falling as low as $7.05 on Thursday. More than 40% of all EOS trading is against Tether (USDT), as the asset is concentrated on Huobi Pro, OKEx and Binance. The share of Poloniex is relatively low a day after the markets for EOS were opened.
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