Tron (TRX) Sets The Pace With The Fastest Growing dApps Growth Rate Among Other Blockchains
Tron (TRX) Has The Fastest Dapps Growth Rate Amongst Other Blockchains
The growth of Justin Sun’s Tron blockchain is gaining great popularity amongst developers, because Tron, at the moment is 3 dApps shy of its targeted number of registered dApps (400).
In 2019, Justin Sun announced that he intends to make Tron the foremost blockchain platform for developing dApps in the entire blockchain industry and also “memorialize Ethereum”.
According to reports, the Tron blockchain has successfully launched 397 dApps. A couple of weeks ago, it's growth rate was at least 2 dApps released per day.
In spite of this huge growth for Tron, Justin Sun’s goal to be the “dApp champion” is still far from realization. The current “dApp champion”, Ethereum, has over 1700 successful released dApps. The second, although with a lower growth rate than that of Tron, has 498 released dApps on its blockchain.
Blockchain Ecosystem Immaturity
These numbers, however, reflect the immaturity of the blockchain industry.
Despite the hundreds of successfully launched dApps, a huge number of them have had no active transactions within the last 24hrs.
However, in spite of these low numbers, the dApps which are active have transactions worth millions of dollars every day, showing that there are highly successful dApps too.
In spite of Tron’s Bitfinex/Tether scandal, where Tether’s stablecoin USDT was allegedly used in manipulating markets, it has remained stable, constantly competing for the marketcap’s number 10 spot with Cardona.
Tron, More Efficient
Tether, recently announced that the process of migrating to the Tron blockchain, from the Omni blockchain will soon commence, stating that Tron is a more efficient blockchain.
At the moment over 4.5% of the entire USDT in circulation has tokens running on the Tron blockchain.
Currently, TRX has a stable market cap of about 1.5 billion USD, with each token according to coinmarketcap, valued at $0.023720.