Hive Passes Tron
Tron is receiving a lot of attention lately. It is making noise with new announcements such as DeFi applications. Being a top 20 ranked token, it certainly is poised to make tremendous inroads.
The tiff with those on Steem who were not happy is long passed. Now, it is time to focus upon business. After all, we are told there are over 700 DApp on that blockchain, making it one of the leading chains in that area.
Today, along the way to domination of the digital world, something happened. Those pesky Bees are at it again. Over the past month and a half, they made some noise also. Many are not sure what the buzz is all about, but it did show up in some numbers.
Here is something that tells a different story than what many are led to believe.
This has to be very upsetting. These numbers seem to indicate that few are using any of the 700 DApps on Tron. Where are all the users?
Doing some simple math means that each app is doing 437 transactions per day on average; not users, transactions.
For this, we see the market caps from Coingecko.com.
Tron is ranked #17 while Hive enters the picture at #49.
Of course, those who were on Steem know this story all too well. Steem was ranked in the top 5 for years according to the transactions yet the token price was way down in the list.
The challenge with this is the fact that the market did not value community. It overlooked how the activity was actually driven by users. This, naturally, became very valuable when the takeover started. Suddenly, the crypto world was watching the community stand up and defend itself.
Ultimately, that is the difference between Hive and many of the other blockchains listed ahead of it in market cap. The fact that there is actually something taking place is a major difference.
How long until the network effect actually starts to impact the rankings is anyone's guess. However, it is difficult to for chains to grow if there is very little activity. Add in the fact that many chains, of the activity that is there, comes mostly from gaming bots, and we can see where the future value lies.
Since Alt-Coins are going to be dependent upon utility, who is using it will, eventually, be the important question. All the DApps in the world mean little if nobody is using them.
If this is indeed "digital real estate", many chains are akin to owning land in a town with no people. At some point, this is going to be a problem.
The industry is still rather new to this concept. Most tokens are in the hands of speculators still looking for the moonshot. This is fine while those are the people who dominate. Nevertheless, it is the masses who are going to make up the value and, to attract them, so there best be something happening to garner their attention.
In my opinion, Hive is developing a very good foundation through which to meet this end.
For now, Hive moved up the ranks by passing Tron in the number of transactions.
We will see how things play out long term.
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yup same here, never really used a service that was backed by the TRON infrastructure
I really dont know anyone who did. Never hear about Tron DApps being mentioned anywhere.
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"Hard earned money" lol
Yes that is a line we heard uttered quite a bit.
LOL is accurate.
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From this news, even to want to write articles and comments, as well as vote for them.
And if we also assume that the main STEEM transaction generator - Splinterlands, HOPE, will switch to HIVE. The number of transactions on HIVE will be much larger than on TRON.
Yes that is something that is lowering the count on Hive. Most of the transactions on Steem had migrated to JSON. Few of those apps made it over so far.
That will change as more games start to appear. There are a few in development right now.
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For those of us who were all over Justin's multi million follower twitter steam before he blocked us, it was immediately obvious his follower count was bullshit.
I get more activity with my 20k followers.
Just like his Twitter following, it seems clear that Tron is a bot inflated, illicit gambling network and not much more.
The 700 DApp claim is also likely inflated too.
At this point, all numbers can be called into question.
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Lol, nice catch!
I don't know what the future holds, but yep, we surely left behind lots of JSON ops that may potentially migrate to Hive at some point.
To be honest, I don't think there can be a comparison in activity between Tron and Hive, unless they artificially pump it.
JSON ops do show how big things can become with transactions. It will only take a few legitimate games with a decent number of players before we see the numbers really explode.
Imagine if the transactions of a top 25 game were actually recorded on a blockchain. That would amount to billions of transactions.
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And that's the T :D
It will get past too many coins, just wait and watch.
I would say once gaming starts on Hive, that your forecast will be correct.
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Yes that's true, the gaming as well as more and more apps when they start operating it will boost hive
i'm having this tokens of tron a year ago, i don't know if this are dapps, it just airdropped to my wallet, i really don't use this but i kept the private key.
This shows the developers are trying. The challenge is individuals such as yourself showed little to no interest.
Obviously they didnt strike a chord with you to try them out.
Projects developing are one thing but getting activity is another. That is where the entire industry is lagging.
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The social aspect of crypto is definitely undervalued, but it is very important to me. I cannot get that excited over just making money. It has to be fun too. I'm not one to lust after expensive stuff anyway. I want Hive to succeed for the good of others.
I would agree with you @steevc.
It is not all about making money as much as changing the global system. We have an opportunity to alter things on many different levels and, yes, making some money is part of the process. However, there are much bigger things taking place which is good for all of us. It also carries a great deal of responsibility to remain dedicated going forward.
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Seems like Steem should be ranked.
Why? XD
I got into crypto through Hive that offered a legitimate and very active use case. It stood at the forefront of blockchain blogging and the tokenization is next to none.
Use case thus became my ultimate aim, and if I'm not using your coin for anything, then there's really no purpose. That 700dapp claim is either bogus or inflated like everything tronny. Some of their dapps are just copy and paste games that have Tron wallet.
All very true points @belemo.
Also, just because an app exists does not mean it will attract any users.
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I'll be that guy... I'm all for team HIVE 100%, I'm powering down STEEM 100%, but those tx counts you are putting there are wrong...
Blocktivity for some odd reason sometimes goes whack and reports wrong numbers, I've seen it happen with multiple blockchains, some are actually reported wrong for months. Example, BTC is not having 900k tx daily, it's actually having around 300k daily tx(blockexplorer), less than BSV in fact (ofc the volume in USD is higher). EOS has also been inflated in the past, I once saw Ethereum with 20k daily tx when in fact it had 700k tx, and sometimes saw VeChain with 300k daily tx when the block explorer had 70k daily tx. Steem in the past was stuck at 998k daily tx for months, once I started calling them out on this they finally updated the number...
Tron actually has 1M tx day average, not the number blocktivity is putting there. (probably bots ofcs)
Blocktivity isn't a good website to check daily tx, coinfairvalue is better for most tx, I've tried to contact them so they put Hive up so we can have a better place to check tx count. I also think Hive's blockexplorer should have a daily tx count, not sure why it doesn't have, and not sure who I should contact, but if someone knows please contact them so we can have a daily tx count directly from the source.
sorry, Taskmaster, I know we would all love to have a higher tx count than tron, but I don't think we are there yet... their tx bot army still has us beaten, they don't sleep, they don't eat, they just transact.
That all may be true. It also might only be temporary as transaction numbers increase and decrease daily.
Hive is a lot lower than Steem was on Blocktivity which, might nor might not, be accurate.
Either way, the gap is closing quickly. I have a feeling a couple games on Hive and we will get close to the million mark again.
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Well the attention I saw about Tron is the fact that the coup they got when they sniped Pewdiepie from YT over to Dlive is over... That has to hurt!
Once we get things stable and running smoothly on Hive, perhaps some marketing is in order...
that is sick
Let's do this!
Thanks for information
I think one day hive even passed ethereum because hive blockchain is definitely better than ethereum all we need more users and developers to compete with ethereum
Another Big milestone for Hive community and that too in such a short time is simply mindblowing
I'm sure Hive is worth much more than it is rated. We are yet to reach 100 days in the cryptosphere. Let's wait a bit more.
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Uhlala, we do like to see that :D