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TRON makes headlines once again as it becomes the most popular decentralized application (dapp) platform in the world.
According to data seen on DappRadar, a website that tracks insights and information about all existing dapps, TRON dapp usage has exceeded that of Ethereum’s on November 29, 2018.
Not only has TRON surpassed Ethereum in the number of dapp users, but they also exceeded the number of transactions and transaction volume through dapps.
IDEX, an Ethereum-based decentralized exchange and once the most popular dapp in the world, has been surpassed by TRONbet. TRONbet is a decentralized gambling app, and it beat out IDEX in terms of the number of users and 24 hour transactional volume.
DappRadar reported that TRONbet had a 24-hour transactional volume of 200 million TRX (around $3.5 million), while IDEX only had a 24-hour trading volume of 2,600 ETH (around $300,000).
It surpasses Ethereum’s top dapp by a long shot.
The top 15 TRON dapps are related to gambling while the other 3 are gaming dapps.
This was also pointed out by Alex Sunnarborg, founder of Tetras Capital:
TRON is a competing cryptocurrency project to Ethereum and other smart contract and dapp development platforms. The vision for the TRON network and platform is to build a free and decentralized worldwide content entertainment system.
The native token of the TRON network is TRX, and it came to market in September,2017. TRX is currently in the 12th position on CoinMarketCap with a current price of $0.014 and a market capitalization of $946 million.
TRON is just over a year old and has come a long way in terms of development since 2017. Though the price of TRX has dropped significantly during the 2018 bear market, the number of developments has skyrocketed.
For instance, TRON recently launched a $1 million TRON Accelerator Program that’s meant to encourage innovation and development on the TRON network. It appears this project is successful as dapp usage has exploded.
Another development regarding innovation and growth of dapps is TRON’s plan to fund $100 million to the blockchain gaming industry. Named the “TRON Arcade“ they will disburse the funding over the next 3 years.
With all of these developments spurring the innovation and growth of dapps on the TRON blockchain, we may see TRON’s dapp usage grow even more. Only time will tell if TRON can stay on top in terms of dapp usage and out-compete Ethereum in the long run.
What do you think of TRON’s recent developments? Do you think TRON will become the number one blockchain for dapps? Let us know in the comment section below.
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