Tron’s growth has been just amazing since it launched its new Main Net last May. Many milestones have been announced by Tron’s leadership, and each one has been delivered in time and working perfectly.
That’s not the rule in blockchain projects in which many milestones are delayed (just think about Ethereum’s Constantinople update which was delayed for weeks, just to give you the latest example, but they’re many more) or deployed without proper testing.
And Tron’s new achievements over the new year’s first month have been every bit as impressive as they were for the previous seven months. Let’s review them.
As we write this, five of the world’s most important decentralized apps are Tron’s (the other five are EOS’s so between those two Ethereum graduates, they’re leaving Vitalik Buterin’s network and technology in the side of the road) according to dappradar.com which you can check for yourself if you’re so inclined.
And that’s just the beginning. TronBet has been the dApp that’s processed the most (crypto) money flow in the world by far, it’s gone north of 24 million USD some days over the month. And that’s one of the many reasons that could see Tron deliver on the promise of being “The Ethereum killer”.
But there’s more.
If you’re updated on cryptocurrency markets, then you’ll know that the market has lost about 80% of its value since December 2017. It’s been a veritable catastrophe and most of the altcoins in the market have lost most of its value. Some blockchain projects have shrunk so much that their very existence is now threatened. Not so with Tron.
Tron has managed to keep growing because the community is bullish about the coin and they’re using it enthusiastically to support the network’s decentralized apps. That’s made Tron’s Tronix (TRX) the eight cryptocurrency by market capitalization as we write this article (but last week it was at seventh). And it could (and probably will) take over Litecoin for the seventh place as the distance between both coins is of about a hundred million dollars and that could be salvaged at any day. The market’s simple natural fluctuations could achieve that on their own.
And on that point, the Tron’s coin market capitalization increased by 500 million USD over the month. The number of accounts went up by 532 Million users and the token’s price also increased by 37%. If you think these numbers are not thoroughly impressive you should take into account that no other blockchain project in the cryptosphere can deliver these kinds of results over the last month.
So what’s next? We’re still expecting for Project Atlas to be completed and for the BitTorrent Token to be launched at Binance. That will see the BitTorrent network (the world’s largest centralized network) transform into Tron’s blockchain technology.
That new development will bring a hundred million new users to Tron’s blockchain, and they will all be using a Tron-based token (BTT) that will incentivize users to seed their content. Once Project Atlas is, at last, online, Tron will become the world’s largest blockchain (yes, it will even beat BitCoin in terms of users) and that will create a new use case for TRX and it will stimulate demand for it.
Tron was amazing in January. And it will only get better.
Image courtesy of Pixabay.