Tron is ahead of all smart contract platforms with the most active users. A Dapp Review by CryptoDiffer ranked Tron blockchain ahead of Ethereum and EOS. The ecosystem continues to grow with increased user activity on decentralized applications (DApps). In fact, Dapps accelerated the number of users to approximately 2.77 million. Among whom, 11% were active users.
These stats left the blockchain community in a frenzy. Further debunking long-held beliefs that Ethereum was at the top of the Dapp chain. CryptoDiffer outlined differentiating statistics behind Tron, Ethereum and EOS blockchains. Although Ethereum lagged behind both Tron and EOS, the data revealed that Ethereum remains the smart contract platform of choice for many users.
Most popular activities on the Tron ecosystem consist of gambling and high-risk applications. A user base that accounts for at least 75% of the platform’s total volume and active users.
Prior Dapp reports claimed that Ethereum was popping more active users. A claim that CryptoDiffer refuted. In other words, despite Ethereum boasting a high number of decentralized finance applications (DeFi), these numbers do not necessarily translate to an active user base.
According to CryptoDiffer, 94% of Tron (TRX) users are active on the platform judging from their active TRX addresses. EOS blockchain followed with 90% active user addresses and then came Ethereum, with 61%.
Tether (USDT) seems to be enjoying a share of the Tron bubble with Tron based USDT ballooning to almost $1 billion. A figure that indicates at least 20% of the total supply of USDT coins. Presently, the US dollar stablecoin shows no signs of slowing down.
The activity rate is an important aspect of judging the utility of an application. In fact a better indicator of the quality platform than user volume. Hence the disparity among DApp reviews ranking Ethereum at the top instead of Tron; arises from Tron having a slightly lower volume of users but a massive percent of whom are active. While on the other hand, Ethereum boasts about 2000 decentralized app developers on the platform. Additionally, Ethereum attracted a higher number of new enthusiasts.
For instance, Ethereum had 114K users in Q1 2019 compared to a whopping 578K users by Q4 2019. On the other hand, the number of new registrations on Tron fluctuated in Q2 2019. EOS would, however, face a decline as its users crashed from 163K in Q1 2019 to 58K in Q4.
A prior report by Misha Lederman stated that Tron had 233K active user addresses. 5% of whose addresses were active. The report ranked Tron third after Bitcoin and Ethereum by activity rate.
Unlike Tron, the rise in Ethereum’s new users is due to DeFi applications. And since most blockchain developers have the intention of democratizing banking and duplicating financial structures; it is clear the flock given Ethereum is the pioneer of DeFi apps.
Meanwhile, Tron gaining the edge on the DApp ecosystem is quite encouraging. Analysts attribute the remarkable performance a result of last year’s launch of BitTorrent speed on the network. An action that potentially triggered bullish performance of the Tron (TRX) coin and boosted the number of new sign-ups.