Justin Sun, the CEO and owner of Tron announced that the Tron ecosystem is getting better day by day. The number of DApps on Tron Blockchain gushes, and reached 500K Mainnet Accounts Reach in just 4 months. The urge for people to create more than 500,000 accounts on Tron’s mainnet shows their sheer interest in the Tron platform. This means that the network is growing by about 100,000 accounts per month.
Tron’s blockchain project, aimed at building the infrastructure for a fully decentralized internet, activated their much-awaited virtual machine on Oct. 12th. Since its launch, the four-month-old Mainnet’s accomplishment is quite noteworthy. The recent hunch among the cryptomarket is that this new activation of the Tron Virtual Machine (TVM) might be a turning point for the blockchain platform. Indicators show that the rise in the number of Tron-based DApps, if retained, could further increase the number of users of the platform. With the TVM in action, developers can easily test their smart contracts now.
Tripling of Tron-Based DApps in More Than a Week
Recently a lot has been happening to the Tron-based DApps. The scenario shows a clear picture of them tripling in more than a week, which is an unseen picture. The “State of Tron DApps” page on the company’s site shows around 49 decentralized apps which are in the way of various stages of development, either as a concept, prototype, progress, or as beta.
Prior to October, Tron has had only 18 DApps live on the network. Whereas now, after the TVM’s launch it is raised to 49 DApps, which shows Tron’s ride to success with 31 additions in just a little over a week. If this massive creation of DApps continues, Tron will see more and more people thronging on its platform, which should increase the value of TRX.
The best part is the boost up in the number of accounts of Mainnet when it breached its 500K mark. In its Oct. 13 – 19 Tron Weekly Report states that as of Oct. 17, the company saw the accounts crossing 500,140, which reveals that its average daily transfer is around 146,000, equalling its single-day volume peaking at 440,135.
The number of accounts on the platform is significant, considering that it was launched just four months ago. Moreover, the platform posted a steady monthly growth rate of more than 100,000 new accounts per month. After Tron’s respective launches, when compared to those that of its rivals, Tron’s total number of accounts is 20% more of EOS and 13 times more than that of Ethereum.