Tron investors have every reason to smile. With each passing day Tron molds into becoming the top popular blockchains in the cryptocurrency space.

Tron Vegas Dapp

TRON blockchain games. DApp on TRON blockchain. Best 888 games based on TRON smart contracts and blockchain technology. Dapphouse is an DApp store displaying DApp information in TRON blockchain. It plays the role of collecting, displaying and distributing DApp in TRON ecosystem. TronVegas regularly sits in the top five according to data from DappRadar.com – a fantastic achievement for a TRON DApp. Impressively, the total volume of bets on TronVegas placed by users stands at a whopping 20m TRX – which is roughly $500k. It’s a leading TRON gambling app and well worth checking out.

Overall, the Tron ecosystem is on the rise, has all eyes to move as high as possible in the market cap rankings. Tron founder and CEO Justin Sun with all his efforts seem to be yielding positive results as 400 dApps now have been built on Tron already.

The New dApp Milestone

While the crypto market is dealing with the stressful Bitfinex-Tether events, TRON is standing still and showing persistent progress among the top 10 cryptos.

According to Dapp Review, a website which tracks blockchains apps across different platforms, more than 400 (407 to be specific) dApps are created on Tron blockchain now.

Tron has hit the new milestone in just less than 200 days since the launch of Tron Virtual Machine – an operating system build by Tron to help in building a bigger and better ecosystem.

#TRON hits new record in daily DApp users on @dapp_review:
88,928 users on April 30

With 407 decentralized apps live on https://t.co/NOiHq5tOGz, TRON's user base is growing daily & will soon surpass 100k

The full potential of #TRX is only starting to show…#IAmDecentralizedpic.twitter.com/UDA74Qs6zB

— Misha Lederman (@mishalederman) May 1, 2019

A day rarely passes without Tron foundation making a new development and partnership, and with having hit 400 dApps, the Sun-led blockchain is undoubtedly ticking the boxes to becoming the best crypto project in the space.

EOS within Range and Ethereum to Watch Out

Tron is running the dApp sphere show at the moment, and although it has fewer dApps than both Ethereum and EOS but with the rate at which it’s currently growing, it will be a matter of time before it takes the overall dApp bragging rights.

Currently, Tron is breathing at the back of EOS which is second with 498 dApps on its platform. Interestingly, the rate at which Tron dApps are growing is lightning compared to that of EOS suggesting that it won’t be long enough before Tron overtakes EOS.

It’s only a week ago when Justin Sun announced Tron dApps to have exceeded 300 and the fact that currently there’re 400 now already, surpassing EOS at second place looks just a breath away.

As much as Ethereum has 1700 dApps supported, it must be looking behind with fear watching the pace at which Tron is climbing the radar.

Moreover, Tron has had a series of recent achievements including the latest addition to a giant exchange Huobi Global which added Tron-based futures contracts – it became the seventh crypto added to the exchange.

Subsequently, Tron now occupies 4.5% of all USDT and still going strong each passing day. Also, there is the case of an invitation from Liverpool FC that seemed to be a possible partnership (no official announcement yet, though).

Nevertheless, Tron is maintaining a stable trend which means it will continue to grow its dApps each day, and who knows soon Ethereum may lose its dApps position once and for all.

Image courtesy of PixaBay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Last year was an interesting one for smart contract platforms as the stiff competition continues in the DApp market, with the total on-chain transactions hitting $23 billion.

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While the Ethereum continues to hold its position as the market leader, possibly because of its first-mover advantage, the 2019 annual report published by DappReview, a DApp data tracking platform, shows that TRON blockchain dethroned EOS as the second most popular blockchains for DApps.

TRON: Las Vegas on the blockchain

In 2018, EOS was ranked as the second blockchain after Ethereum in terms of DApp users and transaction volume. EOS recorded a total volume of $3.5 billion in DApp transactions, the largest in the smart contract market in 2018.

However, the table turned in 2019 as TRON blockchain gained a total transaction value of $4.4 billion to outperform EOS, IOST, STEEM, NEO, ONT, LOOM, TOMO, WICC, WAVES, and WAX, according to the report.

DappReview, which described the TRON Dapp ecosystem in 2019 as “Las Vegas on the blockchain,” noted that 8 out of TRON’s top 10 apps are mainly Casino DApps. The Casino DApps contributed about $3.9 billion to the total transaction value.

Casino DApps accounted for 60.81% of daily active users on TRON blockchain. The user number for exchange DApps accounted for 10.93%, while game DApps has only 11.36% of all the users. Casino DApps further dominated TRON transaction volume on a 90.39% count, while the exchanges accounted for 8.27%.

A tough year for EOS

On the side of EOS, which experienced many difficulties at the end of the year, Casino and Other DApps played well. They accounted for 40% of the total users in the first half of 2019, not until EIDOS was launched in November. Many believed it led to the prohibitive cost of resources and other controversies that nearly paralyzed the entire EOS ecosystem.

EIDOS was released as a smart airdrop contract, distributing tokens to users who sent any amount of EOS to the contract, with 0.0001 EOS as the minimum amount. In this course, many users initiate several transactions to earn the EIDOS tokens almost for free.

Technically, an average of 1.69 million transactions was sent to the contract every day, thereby leading to the rise in the price of EOS mainnet resources. An average user now has to stake 30 EOS to get network resources to initiate a simple token transfer, an irony for an ecosystem that once promoted itself as a zero-fee dApp platform.

The EOS mainnet congestion affected users playing Other DApps, which led to the decline of users for the two categories of DApps; Casino and Other DApps.

Ethereum maintains global dapp leader

Ethereum has maintained the leading position in the game of smart contracts; perhaps it has remained the first choice and the most preferred platform for developers. The report shows that 1,223 Ethereum DApps were still active at the end of 2019.

Game DApps dominates the Ethereum platform by 46.5%, followed by Decentralized Exchange (DEX) by 20.9%. Despite having the highest percentage of DApps, Game DApps have the lowest transaction volume than others from an estimated DApp transaction volume of $12.8 billion on the Ethereum blockchain.

Tron Vegas Dapple

Exchange DApps account for 61.05% of the transaction volume, while Finance DApps holds 29.98%. The reason could be related to the fact that most transactions in the Game may not involve token or asset transfers. Also, many game assets are exchanged in the form of NFT, which usually trades on NFT exchanges.

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The report today not only provides insight into the usage of public chains, but it is also confirmed the massive adoption of blockchain in 2019.

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