At the time of Ethereum’s weakness, one of the crypto projects that fairly has high hope of checkmating it is Tron.
Therefore, according to the largest dapp platform called Dapp.review, the total trading volume of Tron for the past 7 days reached 68,504,852 USDT.
According to @dapp_review, the total trading volume of #TRON for the past 7 days reached 68,504,852 #USDT, which is almost 2X as much compared to #ETH(about 35M). #TRON #DApp ecosystem will become more stronger with your participation! Join us both as developer & user! #TRX $TRX pic.twitter.com/ILnnoie7AT
— Justin Sun (@justinsuntron) October 19, 2019
This number is two times higher than the activity on the Ethereum blockchain even though still lesser than EOS. As for EOS, it is not surprising if Tron will become an unprecedented leader in this rally in the near future.
Note that the Tron volume has already exceeded the Ethereum’s in the past. If a year ago, the second-largest cryptocurrency could boast of a leading position in this sector and things have changed now, it signifies that Tron is growing.
Ethereum has long needed an update designed to make the platform faster and more efficient to attract more users.
However, the introduction of technological innovation is a long, complex and sometimes unpredictable process.
Perhaps the news is related to the constant movement of Tron (TRX) in the direction of development. The project enters into ongoing partnerships and is planning to receive more adoption over the crypto community.
USDT-Tron Reaches 216M
Another news that Justin Sun shares with the community is the milestone of 216 millionUSDT on TRON stablecoin.
— Justin Sun (@justinsuntron) October 18, 2019
Twitter users enthusiastically accepted the news. In their opinion, this will help the mass adoption of the TRX.
“New standards are being set. Just require mass adoption and usage of TRX,” posts one of the fans of the project.
Recall that Tether and Tron announced a partnership in early March. Tether CEO JL van der Velde said that Tron-USDT is the next step in the development of the company. This testifies to the commitment of Tron to spreading innovations in the cryptocurrency space and the desire to satisfy the needs of the community formed around the digital assets.
The Current State Of Dapp Market
Total transaction volume through decentralized applications (dapps) decreased by 40% in the Q3 of 2019. This is evidenced by the DApp.com platform report. DApp tracks applications on Ethereum, EOS, Steem, Tron, TomoChain, and IOST.
In total, dapps built on the blockchains processed transactions of $ 2.03 billion in the Q3. This figure is significantly lower compared to the Q3 – then the volume of transactions amounted to $ 3.3 billion.
In general, user activity has also decreased. In the Q2, there were more than 1.5 million, while in the Q3, the figure did not exceed a million.
In total, analysts counted 1350 active dApps. Most of the active users, transactions and trading volume are accounted for by gambling applications.