TRON hits a new milestone, becomes the second-largest dApp project

TRON hits a new milestone, becomes the second-largest dApp project

  • Ali Raza
  • 25th January, 10:12
  • Recent data has shown that TRON is now the second-largest blockchain by active user count.
  • TRON ecosystem currently has nearly 1 million active users, while the number of dApps has grown to 482.
  • Currently, only Ethereum features more users (1.43 active ones), although TRON has exceeded it in daily volume and the number of transactions back in 2019.

TRON has been making headlines ever since its launch, and each year, it managed to hit a new milestone. The two biggest ones in 2019 included Poloniex and DLive, and now, in the early days of 2020, the project has become the second-largest dApp ecosystem in the world.

According to a recent report by Dapp.com, the number of TRON’s active users is approaching 1 million active individuals. Meanwhile, the number of total users, including inactive ones, sits at 1.02 million In addition, the project already has around 482 active dApps, which makes it the most active ecosystem after Ethereum.

According to Ethereum, its own ecosystem currently has around 1.43 million active users, while its total user count sits at 2.33 million. The project has seen quite a few of its users, as well as developers, leave in favor of other projects, usually seeking out faster and cheaper solutions, such as TRON and EOS.

Ethereum still has nearly three times as many active dApps — around 1,129 — but TRON seems to be closing in quite quickly. Especially considering the fact that Ethereum blockchain saw launch around five years ago, while TRON’s blockchain is only a bit older than a year and a half.

TRON leads in the number of transactions and volume

As for other aspects of the TRON ecosystem, such as transactions and volume, the project has exceeded Ethereum a while ago, in 2019. It had reported more than 290 million transactions, with a total volume of $3.41 billion. At the same time, ETH had only a $2.37 billion-large volume, with barely 24 million transactions.

Due to its rapid development and growth in popularity and usage, TRON has ranked as one of the top 9 blockchains to watch in 2020. The surge in the number of its users is believed to be a consequence of TRON’s key moves from 2019 — Justin Sun’s investment into a crypto exchange Poloniex, and his acquisition of a streaming platform, DLive. DLive is currently the world’s largest decentralized live streaming platform, and it is currently under BitTorrent. However, it is also worth noting that the TRON’s market still depends heavily on its gambling dApps, as around three-fourth of its active users are focusing on gambling and other high-risk decentralized applications.

By Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications. Raza is the co-founder of 5Gist.com, too, a site dedicated to educating people on 5G technology.

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