TRX News

Tron Has The Fastest Growing Rate of All Dapp-oriented Blockchains

The Tron ecosystem keeps growing. Justin Sun’s efforts to position his blockchain as one of the most popular options among developers are yielding good results because at the time of writing the article Tron is 3 listings away from reaching the target of 400 registered dApps.

Ethereum World News follows these statistics because at the beginning of 2019, Justin Sun announced his intention to make Tron the main platform for dApp development within the ecosystem. Also, Justin Sun’s intentions to memorialize Ethereum may be more than just a joke

Tron Has Less Dapps Than Ethereum and EOS, But It Has a Faster Growth Pace

According to DappReview, Tron has 397 dApps successfully released. A few weeks ago Tron’s growth rate was approximately 2 dApps per day, however this frenetic growth seems to have stabilized.

Tron has 397 dApps according to dappreview.com

Despite the significant expansion, Tron has a long way to go to meet Justin Sun’s goal. For now, the undisputed “dApp Champion” is Ethereum with over 1700 dApps supported.

Ethereum has 1724 dapp listed according to dappreview.com

Second is EOS with an important advantage, 498 dApps listed on the platform, however, its growth rate is a little slower than that of Tron.

EOS has 498 dapp listed according to dappreview.com

It is important to note that the numbers also show the level of ecosystem immaturity. Although there are hundreds of dApps to track, a significant number of these have recorded no transactions in the last 24 hours.

However, despite the negativity that these figures may produce, active Dapps move several million dollars each day, showing that there are successful use cases in the ecosystem.

Tron and its TRC-20 USDT Survived the (new) Bitfinex Scandal

Despite the Bitfinex scandal, in which USDT was fraudulently used to manipulate markets, Tron has been able to remain stable, actively competing with Cardano for the #10 spot on the global marketcap.

Recently, Tether announced that it would begin a migration process from Omni to the Tron blockchain as it is a more efficient blockchain. Currently, more than 4.5% of the total USDT circulating in the market is composed of tokens running in Tron.

For now, TRX has maintained a relatively stable trend, with a marketcap of $1.5 Bn. Each token has an average price of $0.023532 according to Coimarketcap.

Tron (TRX) weekly performance. Courtesy Coinmarketcap
About author

Lawyer, Specialist on Strategic Planning, Professor, Years of experience as a Blockchain Writer for numerous sites! Email Jose directly at lanzjose@gmail.com
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