The residual effect of the Bitfinex and Tether fiasco is still in the market as cryptocurrencies are in the red. Tron has been trading at $0.0233 with 24-hours loss of 1.62 percent, at the time of writing, as per Coinmarketcap data.
While the price is still in the red, Tron is constantly making developments. According to the latest data, Tron passed 400 Dapps on Dapp Review, a platform that tracks decentralized applications that now records a total of 402 decentralized applications deployed on the Tron blockchain.
As the Dapp numbers grow, the daily active users are also seeing a surge registering 77,479 on April 27. What’s interesting is, these numbers have been achieved by Tron in less than 200 days since its Virtual Machine (TVM) was launched on October 12, 2018.
Dominating the Dapp Space
Tron has been aggressively on work when it comes to its Dapp ecosystem which is evident from its growing Dapp numbers. Just last week, we saw Tron Dapps dominating the space as seven out the top 10 most users Dapps on Dapp Radar, a decentralized application data provider, belongs to Tron.
When it comes to 24-hours USD volume, four out of the top six dapps are based on Tron blockchain as well.
Just last week we shared the total number of daily Tron Dapp users surpassing 50,000 while the smart contracts on Tron platform reached 779 with 24-hours transactions volume seeing a 10 percent surge.
Furthermore, Tron now holds 4.5 percent that is 2.9 billion USDT of the total USDT supply of 132 million.
We’re closely following events with @Tether_to. We’re however seeing amazing demand for #TRON based #USDT and will postpone our 20M Incentive plan till May 7th 0:00(UTC+8), so exchanges have more time to complete the swap. New Incentive plan schedule: https://t.co/y7uYFu0XZf pic.twitter.com/TAifoqB8WY
— Justin Sun (@justinsuntron) April 29, 2019
A Blooming Week
In another event crypto exchange Huobi Global announced the launch of Tron futures contracts on its derivatives market that made TRX seventh crypto asset to be added to the platform.
“Cryptocurrency is a rapidly expanding and maturing market. As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players,” said Joshua Goodbody, General Counsel of Huobi's Global Institutional team.
“At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs.”
This has been certainly a positive week for Tron, in terms of developments, if we exclude the whole debacle of Liverpool invitation. It may have not turned out as good for Tron as Tron supporters have thought, but it's not purely anticlimactic.
“We do regularly engage with lots of companies to better understand their business and we have extended an invitation to Tron—along with many others. To be clear, no discussions have taken place,” said the Liverpool FC spokesperson.
Binance CEO Changpeng Zhao also shared his invitation from Liverpool last week that means cryptocurrencies are being treated as any other businesses and we might get to see some results in the future.