Crypto Market News

Tron (TRX) Based DApps Have More Than Doubled Since the TVM Was Activated

Back in mid August, Ethereum World News had predicted that once the Tron Virtual Machine was up and running, the sky was the limit for the Tron (TRX) project. History has shown that blockchain developers of decentralized applications are key to any platform becoming great. We saw it with Ethereum from around 2015 to the present day. The amount of DApps and ICOs that used the Ethereum platform, resulted in the digital asset peaking at $1,400 earlier this year.

Tron DApps Have More Than Doubled Since Virtual Machine Activation

Before the Tron Virtual Machine was successfully activated on the 12th of October, there were only 18 Tron DApps. Majority of these DApps had not yet migrated to the Tron Mainnet. Further looking at the Tron page for Decentralized Applications, we find that there are now 50 DApps in the various stages of development. The DApps have more than doubled in less than two weeks.

The Dapps are further categorized as follows and according to their various stages of development:

  • Live – 18 DApps
  • Beta – 4 DApps
  • Prototype – 8 DApps
  • Progress – 3 DApps
  • Concept – 17 Dapps

More Smart Contracts Deployed on the Tron Mainnet

Four days after the Tron Virtual Machine was activated, the number of Smart Contracts deployed on the Tron Mainnet had reached an amazing value of 90. Checking the current number of smart contracts deployed, we find that this number has since increased to 103. By simple observation, the number of smart contracts on the Tron platform is guaranteed to grow with time.

Over 0.5 Million User Accounts

The Tron Mainnet has recently reached a new milestone of over 500,000 total accounts on the mainnet. The exact number is 513,723 at the moment of writing this.

Conclusion

The rapid progress of Tron is a clear indicator that the project is sure to become even better with time. Further assessing the value of TRX in the markets, it is highly probable that the cryptocurrency will eventually make an entry into the top ten digital assets according to market capitalization. Massive adoption and the efforts of its passionate global community, will eventually boost TRX to the top 6 and beyond.

Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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