Tron (TRX) Network Block Height Reaches 12.5 Million While DApp Environment Continues To Grow
The harsh bear market on Tron (TRX) is expected to end soon according to assurances by the Tron Foundation, led by Justin Sun. The weekly release of community reports, technical and trading developments of Tron’s ecosystem
The weekly report from Tron Foundation on their Medium page confirmed week on week growth for the ecosystem despite the challenges faced in the past few months. According to data from DappRadar, a decentralized application analytics website, TRON network currently boasts of 575 dapps, representing a 21% increase in the past 90 days.
TRON’s block height reached 12.5 million, further extending its lead ahead of Ethereum with the number of nodes currently at 1071 across five continents. The number of real time accounts on TRON reached 3,595,046 accounts, of which 21,000+ accounts were new addresses.
TRON vs EOS vs Ethereum
According to DappReview, EOS leads the pack in number of transactions made in the past 7 days with 29 million transactions. TRON and Ethereum claim second and third spot with a total of 7.2 million and 305,000+ transactions respectively in the past week.
TRON total transaction volume exceeds $45 million USD, showing week on week growth. (Source: DappReview)
Despite having the lowest number of transactions, ETH topped in volume transacted in USD – $56.8 million. Tron came in third with a total transaction volume of $45.7 million USD, slightly below EOS total volume of $47.8 million USD.
Eos has the most users on the network in the past week, almost tripling the combined figure of ETH and Tron users (96,000+ and 246,000+ users) respectively. Eos had over 830,000 users on its network in the past 7 days.
Justin Sun’s Lunch With Warren Buffet
Justin Sun, TRON Foundation’s CEO, planned charity lunch with Warren Buffet was cancelled earlier in July with the crypto mogul ‘suffering from kidney stones’ barely 24 hours before the lunch. However, Sun still maintains the planned lunch is on course to happen before the end of the year. Given the impact of postponing the event on the downward movement of TRX price to yearly lows against BTC, if the lunch with Buffet actually happens, the value of TRX is expected to substantially rise.