ambcrypto.com
Tron [TRX] managed to maintain its 11th position on CoinMarketCap and has been fighting the bears for quite some time now. Tron Foundation and its efforts to promote the coin by having its DApps compete with Ethereum [ETH] and EOS was well-received by the community. The base of users using Tron DApps has increased multi-fold and as per the growth rate over the past eight weeks, Tron has beaten Ethereum [ETH] and EOS DApps.
Misha Lederman, a prominent proponent of Tron, informed the community about Tron’s growth rate and its competition over the past eight weeks. Tron managed to launch 167 new DApps, compared to 122 by Ethereum [ETH] and 81 by EOS. The data indicates a 68% growth in the Tron ecosystem over the past eight weeks.
Lederman tweeted,
“DApp Platforms Growth Rate over Past 8 Weeks @dapp_review:
#TRON: 167 new DApps – 68% growth
#ETH: 122 new DApps – 7% growth
#EOS: 81 new DApps – 18% growth”
He further added that the reason for the growth of DApps was the “lowest” cost for developers and the ease with which they could perform. Adding speed and scalability to this process gave Tron a lead in engaging users, he claimed.
The user base of gambling DApps is large and as per the foundation’s recent DApp weekly report, gambling DApps increased by 39 in a week’s time. This surge in DApps led to a rise in Tron DApps’ trading volumes; its 24-hour trading volume reached $505,000, a 33% growth since last week. DApps are benefiting Tron as its smart contract count reached 877, growing by 100 over the last week.
At press time, Tron was valued at $0.0231 with a market cap of $1.54 billion. The 24-hour trading volume of the coin was noted to be $655 million, as it plunged by 1.29% over the past day. Over the past seven days, Tron fell by 1.22% and continued to fall by 0.35% within the hour.