Tron (TRX) Becomes the World’s Leading DApp Platform
Cryptocurrency disruptor Tron (TRX) seems to be on a roll with several recent business milestones and steady gains in a bearish market. Tron is now arguably the world’s leading development platform for de-centralized applications (DApps), posting the highest number of total DApp users and active users in a report by a leading ranking website.
Data tracked by DappReview shows Tron (TRX) has chalked up 267,000 total DApp users in the past two months — beating EOS at 197,000, and Ethereum at 151,000. Tron also posted the highest number of active users at 16,236, followed by EOS at 13,845 and Ethereum in distant third at 2,133.
Here the numbers at a glance:
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Total Dapp users in past 2 months:
Active Dapp users:
— DappReview (@dapp_review) February 18, 2019
Tron (TRX) is on something of a roll this year, with its TRX coin pegged ‘the hottest cryptocurrency’ by Bloomberg, the launch of a new physical payment card, taking a new BitTorrent-linked altcoin to ICO, and the Tron (TRX) price posting notable gains amid the broader crypto bear market. Now the company’s technical architecture is winning over DApp developers, who had previously favoured Ethereum’s platform.
Built using the same underlying blockchain technology as cryptocurrency, DApps are applications that are open source, can’t be shut-off, and run perpetually on the internet. From their beginnings in peer-to-peer file sharing protocols, the arrival of blockchain has helped DApps make the leap to applications for gaming, job hunting, healthcare, and investment – to name a few.
In January Tron (TRX) founder Justin Sun claimed the company will soon have more than 200 DApps on its platform. In previous statements Sun has made clear an ambition to completely decentralize the internet – an objective backed up by Tron’s acquisition of P2P pioneer BitTorrent in 2018.
Industry analysts cite the launch last year of the Tron Virtual Machine (TVM), a developer platform for DApps and smart contracts, that competes with Ethereum’s own virtual machine. The daily transaction volume of Tron (TRX) surged by 12% when TVM launched, suggesting a strong appetite for an Ethereum alternative.
Tron is also making inroads with the ‘IRL’ economy. Travala, a crypto-friendly travel site, now accepts Tron (TRX) as a form of payment for its listings of over 550,000 hotels and rental units.