TRON (TRX) Reaches 100 Million Transactions After Gathering Momentum

Francisco Memoria
  • 16 Dec 2018
  • TRON's blockchain has now processed over 100 million transactions, thanks to the decentralized apps on its ecosystem.
  • Available data shows eight out of the top 10 in it are gambling dapps.

Justin Sun, the chief executive officer of the TRON Foundation, has recently revealed through microblogging platform Twitter that the TRX network has now processed over 100 million transactions.

In his tweet, Sun included a link to a TRX block explorer that shows the cryptocurrency has indeed processed said number of transactions. Its high transaction volume likely comes from the decentralized applications (dApps) in its ecosystem.

https://twitter.com/justinsuntron/status/1074252042233737218

Tron’s Ecosystem

According to DappRadar, eight out of the 10 most popular dApps on TRX’s network are gambling dApps, with the other two being decentralized cryptocurrency exchanges. The most prominent dApp on its ecosystem is TRONbet.

As CryptoGlobe covered, TRONbet was the first one to be launched on the cryptocurrency’s blockchain. The day it was released it was reportedly played over 10,000 times, and so far according to its website it has paid out over 10 million TRX tokens.

The game was so popular that it helped TRON overtake Ethereum in daily transaction volume. Currently, there are nearly 850,000 accounts on the cryptocurrency’s blockchain – according to TronScan – and its dApps appear to have more users than those of Ethereum.

Another TRX gambling dApp called TronDice has been widely successful. As covered, it managed to pay out over $4 million worth of TRX tokens as of last month. To play these games, all users have to do is create a TronLink wallet, fund it, and connect it.

TRON Up 4% After Processing 100 Million Transactions

Currently, according to CryptoCompare data, TRON’s TRX token is trading at $0.013 after rising 4.28% in the last 24-hour period.

TRX's price performance

As reported Sun has claimed a new upcoming TRX update will make the cryptocurrency “200x faster” than ETH. Late last month, he also claimed that TRX will have improved privacy in the first quarter of next year.

Earlier this year TRON acquired the popular peer-to-peer file sharing platform BitTorrent for $140 million. Through a development called Project Atlas – which is said to be coming in 2019 – BitTorrent is set to incentivize users to keep uploading after they download through a “BitTorrent token” issued on the TRON network.

 Notably it isn’t all good news for TRON. Earlier, Sun claimed a “partnership” with an “industry giant” was coming, making TRX’s price surge. Later on, it was revealed it was a simple cloud computing deal with Baidu. The move drew criticism online.