In Google Trends search data, it was noted that Tron (TRX) has overtaken Ethereum (ETH).
Tron (TRX), a smart contract platform and decentralized application network, has surpassed Ethereum (ETH), the second-largest cryptocurrency by market capitalization in terms of Google Trends search data.
Tron official Twitter account announced this development on April 7, 2023 with a chart showing that TRON (TRC-20 network search) has outstripped Ethereum (ERC-20 network search) in search popularity since March 2023.
Google Trends is a tool that measures web users' interest in a particular topic or keyword over time. It can be used as an indicator of public awareness and curiosity about various cryptocurrencies and blockchain projects.
Tron claims to offer faster, cheaper, and more scalable transactions than Ethereum, as well as a more user-friendly and developer-friendly environment for building decentralized applications (DApps). Tron also argues that it has a large and active community of supporters and users, with over 50 million accounts and 2.5 billion transactions on its network.
Ethereum, on the other hand, is considered the leading platform for smart contracts and DApps, with over 150 million accounts and 1.2 billion transactions on its network. Ethereum also hosts thousands of DApps in various industries such as DeFi, NFTs, gaming, social media and more.
Ethereum is currently undergoing a major upgrade to Ethereum 2.0, which aims to improve its scalability, security, and efficiency by moving from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) consensus mechanism. With the Shapella update on April 12, this transition process will be completed.
*Not investment advice.