Tron Reveals Why it is a Better Solution than EOS and Ethereum in Latest Weekly Dapp Report
Tron is one of the most popular blockchain networks in the market. Now, the Tron Foundation has released a new weekly report in which they provide information about the most important developments the last week and how Tron has been working in order to overtake EOS and Ethereum (ETH) in dApp trading volume.
Tron, EOS Or Ethereum?
Tron has been on the way to overtake EOS and Ethereum in terms of dApp trading volume. At the time of writing, Tron’s dApp trading volume has surpassed all the other public chains in the market. As per the official medium post released by Tron regarding this issue, they inform that they were able to achieve this record in a very short period of time.
It is worth mentioning that Tron’s mainnet was launched back in 2018 and has been growing since that moment. In the weekly overview released by Tron, they explain that there are different reasons why Tron public chain can beat ETH and EOS.
About it, they wrote:
“First of all, users are well aware of the performance issue of ETH, which also constrains the trading volume of Ethereum’s dApps. TRON and EOS, on the other hand, can make up for the shortcomings of Ethereum. Both of them are capable of supporting the current trading volume fo dApps. However, EOS is still behind TRON.”
From early March, #TRON has been on the way to overtake #EOS and #ETH in #Dapp trading volume. As of now, TRON's Dapp trading volume stands at the top among all public chains. #TRX $TRX https://t.co/2u5ACveMK6
— Justin Sun (@justinsuntron) March 22, 2019
According to the Tron Foundation, Tron has a lower entry bar for users compared to EOS. Tron explains that these entry barriers to EOS are related to the registration process or the extension wallet experience. Moreover, user fee and development are low on the TRON network. Developers have to freeze tokens and get the resources needed for app development.
The third thing that Tron mentions is that they provide developers with technical, financial and community support. These services and support are more comprehensive than those of EOS.
At the moment, the number of Tron accounts is 2.17 million, there times more than EOS. Moreover, the daily active user (DAU) of the decentralized applications based on Tron is 60,000, five times more than Ethereum.
Tron has introduced a new dApp called Tronshot, a basketball shooting game based on Tron. Each of these shots will be based on the blockchain, thus, the experience remains low. Nonetheless, the intention is to make it faster in the future.
There are other applications such as TronGo, that creates an open and transparent game platform using blockchain technology. TronGo has already launched two games, Lucky Slot and Luck Dice. In the future, the intention is to launch other games on top of TronGo.
At the time of writing this article, Tron is the 11th largest digital asset. I was recently surpassed by Cardano. Now, TRX has a market cap of $1.53 billion and each TRX can be purchased for $0.022.