Tron has been powering through with various plans and additions to its technology for the better part of a year – and it seems to be bearing fruit. While Tron Foundation CEO Justin Sun has long been talking about the potential of the Tron network but it is only now that the blockchain is finally beginning to show a little of the promise it once held.
Dapp growth pointing to a rosy future
The future, as always, is shrouded in mystery even for the best-prepared traders and executives. However, current trends can be extrapolated to give some kind of indication as to what is likely to happen soon.
The rapid and triumphant rise of the Tron dapp ecosystem based on the TVM (Tron virtual machine) network is key to the future of crypto in general and TRX in particular. The number of dapps has been rising steadily in the Tron network, and that figure has now reached 500 online dapps according to Misha Lederman, a dapp evangelist.
#TRON reaches another major milestone: 500 DApps online @dapp_review
With an average of 50k daily Dapp users & a record 102 million USD in daily volume in March, these first 500 DApps pave the way for more sophisticated #TRX games, DApps & exchanges 📲#IAmDecentralized 🖖🏽$TRX pic.twitter.com/aJmAlWkl7E
— Misha Lederman (@mishalederman) July 1, 2019
According to Misha’s tweet, Tron saw record volumes in March, which reached 102 million US Dollars per day for the month. The Tron believer went on to report that these 500 dapps are the trailblazers for the next generation of the internet. The so-called Web 3.0, where everything that can be decentralized, will be decentralized.
The 50 thousand daily dapp users is a significant achievement in an of itself. While it might seem like a small number at the current moment, this an immense amount of what every other company would call “beta testers.”
Paradigm shifting BitTorrent Speed to leverage current situation
While 50 thousand users are usually considered a small set of people – this is not true for Tron, its dapps, network, and ecosystem. This is because of the strategic acquisition of BitTorrent that has hundreds of millions of users. The launch of BitTorrent Speed decentralized filesystem will give a more straightforward pathway for the massive userbase to transition to Tron.
Dapps that elect to use Tron’s network will automatically have a hundred million robust system of users to target via BitTorrent, something that both EOS and Ethereum lack at the moment. So despite Tron’s late start, the Sun-led blockchain is perfectly poised to take advantage of its extremely ample assets. Putting the BitTorrent numbers into perspective, it would be like Facebook leveraging Whatsapp users for its stablecoin coin currency – something that it has already started doing.
The future for Tron looks rosy, at least as things stand, and it is looking as if it will be the first dapp platform to indeed rise to the top of mainstream consciousness with the launch of BitTorrent Speed. All this, and it is only barely a year from its independence from Ethereum – a divorce that still stings the developers of the original cryptocurrency.
Everything happening right now is a sure fire sign that Justin Sun has been doing outstanding work behind the scenes – and that all the bluster that he has brought to his brainchild, Tron, might pay off quickly now.
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.
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