According to the announcement by Justin Sun, founder and CEO of Tron, on May 29, Tron ‘s network hit a major landmark with 6 million registered emails. In addition, the increase in the number of addresses coincides with the increase in DApps based on the network, which reached a total of 768 last week.
To date, Tron Network has seen a significant increase in its use in 2020 although its overall market capitalization has been declining. However, according to Justin Sun, his decentralized blockchain platform now has 6 million registered addresses.
In the past two weeks, Tron Network has seen a steady growth in the number of new addresses according to data from Blockchain explorer, Tronscan. See the chart below.
New Tron Network DApps behind increase in addresses?
Moreover, The Tronscan explore also indicates that there has been a substantial increase in the number of daily TRX transactions on the main chain so far in 2020. According to the chart below, The number of Tron transactions have increased from 13,689 to 813,929 total daily transactions as of May 27 this year.
The fact that the increase in TRX accounts is not reflected by the rise in the price of TRX, signals that the growth has been driven by the rise in the number of DApps being created on the Tron Network.
Currently, there are 768 decentralized applications built on the Tron ecosystem as per the latest DApp weekly report. Moreover, the report noted a stable growth in the number of decentralized applications on the platform.
Most Tron-based DApps involve gambling and other high risk activities
As per the report, between May 23 and May 29, there were a total of 518,000 TRX transactions processed from DApps built on the Tron Network, worth an upwards of $4.1 million.
Additionally, the report noted that most of the decentralized applications on the Tron ecosystem; involve gambling and other high-risk applications. The report also noted that exchanges account for the smallest percentage of Dapps on the Tron blockchain.