For the second straight month running, IOST post-mainnet launch strong performance has seen it maintain edge over Ethereum in terms of daily network transactions volume.
After initially surpassing Ethereum in April, IOST strong commitment to technology and incorporation of new partners have sustained its strong pace.
Despite the fact that IOST mainnet is just over two months old, its ecosystem has steadily grown higher than its big competitors, such as Ethereum, EOS, and Tron in the comparative period after the launch of their mainnet. This proves the strong progress made by IOST as evidenced by the high activity of its Dapps which in itself signals the growing adoption of IOST ideology.
At the time of the official announcement of this development, IOST transactions have risen to over 43 million, and the numbers still rising. Analysis of the recent metrics obtained from Tokenview, revealed that IOST is still in the driving seat, surpassing Ethereum in the number of daily network transactions.
As the first platform to launch an “application-ready mainnet” with multiple “live” decentralized applications, IOST has added this landmark achievement to others it accrued within two months.
IOST Explores Decentralized Finance Through Partnership With NEST.
In a bid to tap into the highly promising Decentralized Finance Sector (DeFi), IOST has entered into a partnership agreement with NEST. NEST is a decentralized financial service protocol that offers developers the environment to build applications and launch financial products on the protocol. This collaboration aims at enabling IOST to develop new apps and deepen its user base in DeFi.
In a tweet heralding the partnership, IOST seeks to leverage NEST’s success story in DeFi. NEST has already been highly successful in DApp development on the Ethereum platform, with more than 10,000 users and “over USD 6 million in transaction volume”.
With IOST’s high scalability and excellent performance in running smart contracts, there are expectations that the IOST blockchain will provide the ideal platform for NEST protocol developers, and that the partnership will create ample opportunities for both IOST and NEST in the blossoming decentralized financial services sector.
Such is the energy propelling IOST in its giant strides, and its horizon is looking really bright.