The Crypto Announcer Justin Sun: Tron (TRX) to Experience a 400% Growth in Dapps in December
Tron Network currently happens to be the twelfth largest cryptocurrency in the world. Recently, the network had made a lot of advancement in terms of the dapp uptake. As of mid this month, Tron network was already recording an increase in the number of people using its dapps which stood at more than twenty, according to Justin Sun, its CEO.
Tron Dapp Upsurge
The Tron network has continued to make significant developments in the last few months based on the announcement release by its CEO. Sun has not shied away to inform the crypto universe and the public in general of this new developments.
Justin says that this network has been placing a lot of focus on the progression of this network for the past few months which has seen it host more than twenty decentralized web applications. This is a noteworthy development taking into account that this comes barely a month after the TVM (Tron Virtual Machine) was officially released.
The platform has continued to increase its networks’ performance by shifting its focus to the development of decentralized applications as well as enhancing products already running on the network. Tronbet happens to be one of the numerous decentralized applications that are running on this network.
Reports indicate that Tronbet is doing much better in terms of performance compared to IDEX—a decentralized application running on Ethereum. Other applications that have gained a lot of prominence on the Tron network include CoinFlip, Tronbet, and TronDice. It is expected that TronDice will soon initiate what is being termed as its initial profit bonus crusade.
The Tron network a moment ago started releasing what it is calling its weekly decentralized web application report. The report is meant to assist other partners and developers create applications that will run on this network. New data released by the network shows that it is recording as much as nine hundred thousand transactions within a span of twenty-four hours.
During the same period, it is estimated that the total number of TRX tokens traded in the platform is close to three hundred and fifty thousand TRX. Given that there are more than four thousand cryptocurrency users making use of the decentralized web applications, it appears that the only direction that the network will continue to head is upwards.
By the time of going to press, Tron was trading at 0.0125 dollars and was registering twenty-four greens at a rate of 8.40%. Tron has a total market capitalization of eight hundred and twenty-seven million dollars, which effectively makes it the twelfth largest cryptocurrency across the globe.
The token has managed to consistently maintain a daily transactional volume of about sixty million dollars. Many cryptocurrency enthusiasts are closely watching its performance to see whether the Tron network will be able to overtake and outperform Ethereum as the most popular platform for hosting decentralized web applications even as it continues with its ambitious project that will help it completely decentralize the internet once it is completed.