The Waves network processed 6.1 million transactions on Sunday October 21st. This includes transfers and transactions. The networked peaked at hundreds of transactions per second, thanks to for example its MassTransfer (MassTX) transaction tool that allows for a combined 100 transactions per transfer. This is what CEO Sasha Ivanov wrote in a blog.
With 6.1 million transactions the Waves network broke the record of EOS. They previously did 5.4 million transactions on one day. Bitcoin Cash with 2.1 million transactions, Ripple with 1.6 million and Ethereum with 1.3 million, all follow behind.
Waves’ success comes from the use of Waves-NG. which comes from the Bitcoin-NG scaling proposal. In this system miners are chosen in advance instead of based on who’s first. This means less wasted capacity, according to Ivanov. “And we have further optimizations we can make to improve capacity still further”.
The days after the peak day on the Waves network, activity slowed down again. Its MassTX system, responsible for 56% of all transfers on October 21st, is now back to a number around 10-15%.
The Tron Network has been doing 500.000 transactions per day in the past few days. That’s a number that’s steady for weeks now on the Ethereum blockchain.