Gaming and Gambling Continue to Allow Tron (TRX) to Remain Active, Despite Low Price Stagnation
Once Bitcoin established itself as an undisputed leader, many had believed that the altcoins who had come in later, had missed the bus. Yet, over the years these coins have steadily encroached on the domain of the famous cryptocurrency. While Bitcoin continues to dominate the market with over 50 percent share, the remaining half is a cacophony of coins and tokens of all sorts. This allows for the development of niche products, something coins like Tron[TRX] seems to have understood well.
Tron offers a stable platform that offers a fast and secure network, something that is ideally suited for Distributed Apps' development. And that's exactly what happened, the platform has been leveraged by developers from the gaming industry, in particular, the gambling subsection. This sort of interest generated has given the devs renewed confidence in the coin, and the numbers in terms of transactions and users back this up.
The Leaders In The Game
This week the team at TRX released some interesting Dapp stats. The token has been consistently clocking in good numbers. A recent tweet confirmed this by showing the steady progress that is being made. As per that tweet, the top five Dapps on Tron’s network last week were:
Live Crazydogs which had 6500 active users with 48 first time unique users. This was followed by TRONbet which had 4581, 634 of them being first time users. In the Third spot was EpicDragons with 4473 loyal users and 53 unique counts. The list was rounded off by Tronwin and Lucky Slot with 4247 and 3715 respective users.
While the token has a comparatively lower number of Dapp, when compared to other altcoins, Tron has shown enormous potential in terms of the number of users and the general volumes generated by it.
Tron's Secret Weapon
With all the competition it appears TRX has found a consistent performer in TRONbet. A quick number crunching shows that the growth of the network has been well aided by this contributor. This is hardly surprising when one finds that nearly USD 50 million were transacted in just last week.
Discussing this further, the official twitter handle of the company noted,
“TRONbet resumed its attraction (by @Tesla lottery?), having a 36% growth on daily active users and transaction volume doubled. 523 million $TRX is pretty amazing.”
This gives the impression that the coin is nothing more than a way for gamblers to make their bets. Yet the attraction of TRONBet is that this is only part of its allurement. The other aspect is that each placed bet is linked to a form of token mining. The ecosystem also rewards the end user in an alternate local currency, ANTE tokens. The earnings of the entire gambling system get redistributed back to the users and the payout for ANTE is again in the form of TRX coins.
This might explain why despite stagnation in prices TRX is still one of the busiest tokens. It is undoubtedly further aided by a strong community and regular updates on continuously developing projects. One only needs to look at the glimpses of promise offered by the DApps that the coin has in its stable, the future does hold a lot of promise.