Tron Blockchain Sees $31 Million in Spending on Dapps, as Justin Sun Predicts 2,000 New Dapps This Year
There are plenty of cryptocurrencies and exchanges that are having a rough time lately, but the Tron Foundation is thriving, especially in their decentralized app (dApp) sector. A few days ago, the company announced that they had reached 2 million user accounts. Now, the company is reporting $31 million spent by developers and users on dApps only the other day, marking the second milestone that the company has reached in only a week.
At the end of the first full week in March, there were already over $46 million in recorded transactions. Ethereum, comparatively, had $2 million, while EOS had just over $11 million. The trend continued through Wednesday the 6th that week, when the transaction volume increased exponentially again. Tron ended up passing $31 million, easily passing that of their biggest dApp rivals.
Tron proponent Misha Lederman posted to Twitter, saying that the numbers are more than double the funds that users are spending on the dApps of Ethereum and EOS combined.
— Misha Lederman (@mishalederman) March 14, 2019
At the time of writing, Tron is showing 255 functioning dApps on their blockchain. However, the platform made a public proclamation that they were aiming to boost that number to 2,000 before 2019 is over. Luckily, the representatives for Tron’s dApp ecosystem added that the influx of these applications is happening at a faster rate than they originally planned.
While speaking to CNBC, head of Tron, Justin Sun, said that he believes that there is a good chance of crypto being considered as a beneficial investment tool in the future. With both Facebook and JP Morgan allegedly launching stablecoins, the future is much more promising, and the industry may even see an influx of new institutional investors as a result. Even though the market cap for TRX came up, Sun commented that it is not as high of a priority as the development of tech for the platform at the moment.
Presently, the TRX token is priced at $0.022899, after a 1.21% increase in the last 24 hours.