When blockchain ecosystems compete for traction, it is essential to look at the overall network statistics. As far as TRON is concerned, it appears there is notable growth across the board. Sustaining these curves will prove challenging, however.
TRON Node Distribution
One of the first things to look for when analyzing ecosystem metrics is the node distribution. The Bitcoin and Ethereum networks have thousands of nodes distributed globally. This number is often much lower for alternative networks, making the overall geographic distribution all the more crucial. In TRON’s case, the distribution looks rather intriguing.
Similar to what we see for Bitcoin and Ethereum, most TRON nodes are in the United States. Second on the list is China, ahead of Germany, Singapore, and Hong Kong. An intriguing distribution between the West and the East, although the United States remains the focal point, for now. Canada, on the other hand, has just 11 nodes.
The big “gap” as far as TRON node distribution goes in Africa. That is not abnormal, as very few cryptocurrency ecosystems have any nodes across that continent. If there is one, it is usually in South Africa rather than anywhere else. Changing that narrative is anything but easy, as Africa and cryptocurrency remain an uneasy mix. It may take years to see any real change in that part of the world.
Thanks to the 1,332 TRON nodes, the network appears to be in a good place. That is a necessity, as the overall number of transactions has risen significantly. With nearly 1.7 billion transactions processed to date and over 3 million new transfers occurring per day, many people rely on this blockchain for various purposes.
Smart Contracts Remain Popular
Similar to Ethereum and other blockchains, TRON is viable for smart contract technology. The network is home to just over 14,200 verified contracts, indicating developers experiment with different concepts. Most of these contracts belong to the various decentralized applications on the network, which are always intriguing to keep an eye on.
With several hundred Dapps active on the TRON blockchain today, there will be plenty of interaction with smart contracts for some time to come. One of the things to look out for is whether or not developers will begin creating more complex products and services over the coming months and years. Advancing the blockchain ecosystem will require more complex solutions involving smart contracts, among other things.
All of these numbers confirm the network is undergoing ongoing growth despite the ever-growing competition in the blockchain space for TRON. It can be difficult to remain competitive, yet this ecosystem offers benefits both developers and users enjoy. As the number of transactions and smart contract interaction grows, there will be a higher demand for network nodes. Reaching that 2,000 figure will be tricky, but it is not impossible.