Tron (TRX) Network Surpasses 100 Million Transactions

Tron has had a fabulous 2018, with 100 million transactions already processed. Most of the transactions are thanks to the successful decentralized applications in Tron’s ecosystem.

According to the data from the Tron Block Explorer, the Tron network had over 105 Million transactions at the time of writing.

DappRadar has analyzed that most of the dApps which are popular are related to gambling, while the second most recognized TRON dApps are decentralized exchanges.

Justin Sun, CEO of Tron Tweeted:

#TRON has reached 100 million transactions today. #TRX $TRX pic.twitter.com/HrDFQxn6Te

— Justin Sun (@justinsuntron) December 16, 2018

Ranking in at number one is TRONbet which made an impact as soon as it released, and has in total paid out over 10 million TRX (native token of Tron). The game helped boost TRON in terms of daily transaction volume. Tron’s upcoming new dApps such as Shrimp farm is seen to be taking quite a stride regarding idle games.

Gaming dApps like Bitizens moved from the Ethereum network to the Tron network due to scalability issues.

Tron’s partnerships and acquisitions have proved it to be a well-rounded Blockchain which is focusing on various verticals of technology. It’s the acquisition of BitTorrent for example that brought Tron to the limelight especially in helping adoption of TRX from peer to peer downloaders.

TRX at the time of writing is in the green at $0.013144 and a market capitalization of $873,572,653. It is ranked in at 10th position. With reference to the market, capitalization EOS takes the 6th position, while Ethereum is sitting tightly at third. However, regarding transactions and dApp popularity, TRON takes centre stage.

Blockmanity’s Take

As a whole, the dApp market is majorly competitive with Ethereum, EOS, and TRON fighting as hard as ever. The year 2019 seems to be the year that will decide the overall winner, and it will all come down to dApp idea,s implementation, scalability and popularity with the number of transactions.

Also Read:

Tron Founder Justin Sun announces new DEX Trading Platform

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.