Tron Making Headway, Total Decentralized Applications Deployed on Tron Surpasses 400

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.

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.

Tron (TRX) Live Price

1 TRX/USD =$0.0176 change ~ -2.70%

Coin Market Cap

$1.18 Billion

24 Hour Volume

$95.8 Million

24 Hour VWAP

$0

24 Hour Change

$-0.0005

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,478FansLike
2,795FollowersFollow
4,196FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Chainlink Is Back On The Move, Is it Time to Sell LINK?

The 10th largest cryptocurrency by market cap of $2.58 billion has been enjoying gains for well over a year now. Chainlink has been performing...

US Army Investigative Unit Calls For A ‘Ready' Web-Based Crypto Tracking Application

The U.S Army is looking for a web-based application to help investigate cryptocurrency transactions and transfers, helping in cybercrime investigations. The Investigative Unit of...

Zcash Counts Down to Major Upgrade to increase Privacy and Efficiency

In less than two days, Zcash will have its fourth major network upgrade called Heartwood. This upgrade will be activated at block 903000, which...

Polkadot Holders Votes Could Scale DOT Token Supply by 1000x; A 100x Increase Leads the Polls

The Polkadot community can now vote on a redenomination proposal for its platform’s native token, DOT, which is set to see its supply increase....

South Korea May Classify Crypto As Goods, Not Currencies; Tacking On A 20% Capital Gains Tax

South Korea aims at introducing a capital gain on crypto assets that could be as high as 20% as the National Assembly looks at...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today