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Tron Users Have Left $31 Mln on DApps, Justin Sun Expects to Add 2,000 DApps in 2019

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Fri, 03/15/2019 - 10:00
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  • 🗂️📌Analysts report that Tron is becoming the leader in the dApp industry, outperforming Ethereum and EOS

Cover image via U.Today
Contents

The Tron (TRX) blockchain seems to be getting so popular among dApp users and devs that the other day they spent a total of $31 mln on dApps on it. This happened just a couple of days after Tron announced that it has crossed over the line of 2 mln user accounts, which is basically two major milestones taken one after another.

Two successional milestones with dApps

At the end of the first week in March, Tron recorded transactions for over $46 mln compared with Ethereum and EOS, which by that time had $2 mln and over $11 mln, accordingly.

This continued until Wednesday, when the volume of transactions on Tron dApps soared once again, and Tron made more than $31 mln against the aforementioned figures of its major rivals.

Misha Lederman, a prominent Tron supporter, reports that this exceeds double the amount of user funds spent on Ethereum and EOS dApps together.

A record amount of money spent on Tron

The situation for Tron has gotten so good that users spent around $31 mln in total on Wednesday. At press time, there are nearly 255 dApps functioning on the Tron blockchain.

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Tron (TRX) Reports 27 Mln More Daily Operations Than ETH and EOS Do Together - READ MORE

After this event, Tron reportedly publicly promised to give the basis for at least 2,000 dApps by the end of 2019. Its reps also pointed out that the process of adding new dApps is going much faster than they expected.

Justin Sun on the short-term prospects of crypto

Speaking on Wednesday to CNBC, the head of the Tron Foundation expressed a positive opinion when asked if crypto will be considered a massive investment tool in the future.

Justin Sun

Sun pointed out that since heavyweights such as Facebook and JP Morgan are trying to launch their own stablecoins, the situation looks promising, given that these two giants will most likely attract even more investors to the industry – both ordinary and institutional ones – and will contribute to mass adoption of crypto.

As for the TRX market cap, he said that it is not a high-priority focus at the moment, since for Tron it is much more vital to concentrate on technological and development issues.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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