If we are to talk about old smart contract project that's on par with ETH in existence term it will be Tron, how can Tron still be value at few cents since released? What's holding this project back? Transaction fee is cheap and transaction speed is faster, I'm just surprised how matic, Polkadot and Avalanche that are new projects beats Tron TRC20.. is Justin Sun to be blame for its failure?
What failure about Tron? Look at the circulating supply man, its 100B and according to Coingecko its maximum supply is infinite, I don't know if this is updated. You cant compare it to coins like AVAX which supply is way low if the supply of Tron is same of matic or avax then its possible ranking in top 10 in MC.
On the other hand it's quite similar situation to ETH which also has no limit to max supply.
The difference is we need to "BURN" ETH to obtain GAS for covering the fees, but at TRON we are FREEZING the asset (TRX) which gives us the resources required for blockchain interaction).
NOTE: BURNING is an irreversible action (burned asset is removed from total supply) but FROZEN asset can be unfrozen to be used again (it's still counted in the total supply ).
I think the only hard-coded TRX BURN occurs when someone is applying for super-repre.
What I really like about TRON is that owning just coupe TRX (and freezing them) will provide you sufficient resources for couple free interactions with blockchain daily which is very useful for small amount transactions ( almost every day I'm buying breakfast worth of $2 with TRX ... can't imagine doing this with ETH or BTC ).