EOS Hat-Trick: Breaking TPS Records, On-Chain Trading & Over 1k Tokens on Network
The $7.2 billion market cap cryptocurrency, EOS has broken the 3k transactions per second (TPS) record and will be soon hitting 50,000 as per the hedge fund manager Mike Novogratz. EOSfinex, a decentralized exchange to be built on EOS network by Bitfinex has started making development while about 1200 tokens have been registered on EOS network.
EOSfinex in action: World’s first high-performance decentralized exchange
The world’s fifth largest cryptocurrency EOS is currently trading at $8.07. With a market cap of $7.2 billion, EOS manages the daily trading volume of about $656 million.
Last week, when the bulls first came, its price rose to $9.17. It can be expected that EOS will again cross above this level as green is dominant in the market right now.
Apart from price, EOS is making a lot of headway in network development. Serg Metelin, the Head of Developer Relations at Block.One shared a Tweet on the development of EOSfinex, “the world’s first high-performance decentralized exchange.”
Saw the early demo of fully on-chain trading on #EOSfinex today. Impressive! Glad to see @bitfinex team pushing @EOS_io tech to the limits of the performance and happy with the results!
— Serg Metelin (@sergmetelin) July 22, 2018
Announced by the cryptocurrency exchange Bitfinex at the beginning of this year, EOSfinex aims to,
“combine the scalability and speed of EOS.IO with Bitfinex’s industry-leading expertise to deliver an “on chain” exchange designed to offer a fast, transparent and trustless platform for the trading of digital assets.”
Also, read: EOS Ram Fees Account Reaches 1.28M EOS, Leading to Deflation & Long-Term Value
EOS breaks above 3k TPS, 1200+ tokens on network
Recently, EOS achieved over 2,800 transactions per second (TPS) leaving Bitcoin (BTC), Ethereum (ETH) and XRP behind. According to the latest numbers, EOS has crossed 3k at 3097 as its new All-Time High (ATH).
However, some believe EOS will be hitting a bigger number very soon. As put by the hedge fund manager Mike Novogratz, EOS should be reaching 50,000 transactions per second in coming months given the fact that it has only 21 block producers.
According to the latest Medium Post, over 1200 tokens are already on EOS network,
“Most of them have only a few transactions, and there are several giants that made their airdrops.”
The extract by the author of the post was as of July 17, that included tokens that have at least one transaction. Also, an iOS wallet for EOS, NOVA Wallet that touts on its website to be a multi-OS wallet claiming one “can use the NOVA Wallet in iOS, Android and Chrome Extension” has also made an entry into the market.
However, there is no official confirmation from EOS as put by one Redditor,
“I am anxiously awaiting feedback from the community before I try this. But, since it is in the Apple store it looks super promising.”
EOSNOVA pointed out,
“IOS beta testing is currently underway. We will officially launch it in the App Store in early August.”
- FLOKI Makes History With First ETP in Europe as Price Surges 30%
- BNB Rally to $1,300 Will Continue As Binance Hits Crucial Q3 Milestone, Says Expert
- Trump’s Real Estate Moves On-Chain as Hut8 Adds WLFI Tokens to Boost Treasury
- ASTER Token Defies Crypto Market Consolidation With 14% Upside, Expert See Next Stop at $3
- MetaMask Gears Up for Major MASK Token Airdrop With Reward Points System Launch
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
