Ethereum and Tron seem to be competing for a very important part of the dApp market. Tron (TRX) was able to surpass Ethereum in terms of the number of dApp transaction volume. According to the website dapp.review, Tron has a higher number of transactions on its dApps than Ethereum (ETH).
Tron dApps Have a Higher Number of Transaction than Ethereum
As per data provided by dApp Review, Tron has registered a higher number of transactions on its dApps than Ethereum. This is something very important for the cryptocurrency market. Tron and Ethereum are natural competitors and Tron is attempting at entering the top 10 cryptocurrency market.
No.1 DApp on ETH
IDEX – 2430 ETH txn volume in last 24 hours
— DappReview (@dapp_review) November 17, 2018
The dApp TRONbet registered 551,709 transactions in the last 24 hours. This makes of it the dApp with the largest number of transactions on the Tron network. The IDEX dApp on Ethereum, instead, registered 9,116 transactions in the last 24 hours. The main difference between Tron and Ethereum is the fact that Ethereum has more active dApps than Tron.
Ethereum had 14 dApps with more than 1,000 transactions in the last 24 hours compared to Tron that had just 2 dApps with more than 1,000 transactions.
In daily active users (DAU) the situation is very similar. TRONbet registered 1,923 active users while IDEX had just 947 DAU. However, there are just two apps with more than 1,000 DAU and six between 1 and 85 DAU on the Tron network. Ethereum has more dApps with an even user base. Ethereum has 21 dApps with more than 100 users per day.
EOS, another popular blockchain network has better numbers than both Ethereum and Tron. The EOS dApp EOS Max, which is a Casino, registered almost 1 billion transactions in the last 24 hours. Furthermore, the casino game Endless Dice had 14,139 daily active users.
Tron has also launched an accelerator program for developers. The main intention behind this idea is to encourage developers to help the Tron network grow even more. According to the official website of the accelerator program, the best dApps in their respective categories will receive different prizes.
The official site reads as follows:
“Unlike some of the previous programming contests that rewarded multiple developers, TRON Accelerator does not feature loan or equity model. Winning teams and developers will keep ownership of their products after they get rewarded.”
At the time of writing this article, Ethereum is the third largest virtual currency by market capitalization. It has a market value of $16.08 billion dollars and each ETH can be purchased for $155 dollars. Tron is the 11th largest cryptocurrency with a market capitalization of $1.09 billion dollars. Each TRX coin can be bought for $0.01653 dollars.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.