Tron network primarily focuses on creating entertainment-based decentralized applications and has seen a howling success in the same.Tron recently surpassed the 500 DApps mark and reported 513 DApps on the network, along with an increase in transaction volume and smart contracts.
According to the latest DApp Review report, Tron recorded a seven-day volume of USD 77,187,891.96, surpassing its competitors ETH and EOS, which recorded USD 61,188,030.84 and USD 47,093,458.33, respectively at press time. Justin Sun, the founder and CEO of the Tron Foundation, took to Twitter to inform the Tron community about the recent development. He tweeted,
— Justin Sun (@justinsuntron) July 14, 2019
However, EOS outdid Tron and ETH in other aspects like transaction volume and daily active users. According to DApp review, at press time, EOS recorded 17,632,408 transactions this week, whereas Tron recorded 4,016,904 and ETH was far behind reporting only 490,333 transactions over the week. EOS also noted 662,780 daily active users, whereas ETH and Tron recorded 135,593 and 346,731 daily active users, respectively.
Despite entering the DApp game only a year ago, Tron is seen outshining ETH in terms of volume, even though ETH currently has 1,857 DApps and Tron has only 519.
Regardless of its success in the DApp game, the 24-hour price change indicated a 0.72% fall of the cryptocurrency, at press time. Tron was priced at $0.0287 with a market cap of $1 billion, while the 24-hour trading volume was at $398 million. Most of the trade volume came from HitBTC exchange via trade pair TRX/USDT.
Subscribe to AMBCrypto’s Newsletter