Not too long ago, Tron released its major decentralized exchange called TRXMarket, where the exchange of TRC20 tokens can take place. However, we shouldn’t forget that the exchange of TRC10, which is the major block for the improvement of Tron ecosystem, hasn’t changed on Tronscan.
Both TRC10 and TRC20 token are better advancements to Ethereum’s ERC20 tokens. The TRC10 tokens are tokens that do not need the writings of Smart-contracts. On the other hand, the TRC20 tokens boast the functionalities and the abilities of Smart-contracts.
Undoubtedly, Tron has recorded immerse growth over the past few months despite the bear market. Right now, the cryptocurrency has numerous Decentralized Applications on its network. According to the report released by Tron Foundation itself, it has been revealed that Tron Dapp usage has increased by 50% in the past two weeks.
It is important to know that the Tron Dapp adoption surged and surpassed one million transaction threshold within a day. In an official blog post by Tron last week, it was noted:
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week.”
We need to recall that Justin Sun himself predicted last month on the growth of Tron Dapp. He twitted last month on his official Twitter page that:
“Today is November 27th 2018. One month after #Tron release #TVM. According to @DappRadar and @dapp_review, there are 20+ dapps built on #TRON. In December, we are expecting 80+ more dapps coming in the pipeline! 400% growth next month! #TRX $TRX.”
And now yesterday, he twitted:
Ethereum’s Dapps Are Nowhere near Tron’s Dapps.
Taking a look at the standings given by DappTRACK, you would think that if Ethereum’s Dapps were close to the reach of Tron’s Dapps activities, then they would have recorded a massive upturn.
Indeed, Tron is making sure all hands are on deck so that Ethereum developers migrate totally to Tron platform – and surely, they have recorded extreme success on this.
Additionally, it is necessary also to know that Ethereum’s IDEX, which is one of the most prominent Decentralized Applications worldwide has also been overtaken by TronBet (a gambling application built on Tron network). Tronbet now boasts more users more than IDEX.
Overall, Tron is a futuristic project and has now become a force to reckon with. The main vision of Tron is to create a decentralized internet majorly for the entertainment industry. Tron came to life only last year and has recorded massive success with a market capitalization $950 million, according to CoinMarketCap as we write this article.
Though the current worth of TRX has decreased by a big value against its all-time high due to market trend this year, the developments on Tron has kept on booming despite that.
No doubts, as things stand (and look), more developments will come on Tron platform which will spur its growth and increase the usage of Tron Dapps in the future.
Image courtesy of Pixabay.