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TRON Mainnet Accounts Grow 500K Strong, TVM dApp Totals Rising

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TRON mainnet outruns Ethereum by daily trading volume.

TRON is experiencing robust growth thanks to the activation of the TRON Virtual Machine (TVM). Initial indication is that the total number of mainnet accounts has hit the 500,000 mark. The number of decentralized applications on the platform is also on the rise, expected to result in an increase in the number of users of the platform.

Tron dApps Growth

According to TRON, the total number of decentralized applications (dApps) has more than doubled since TVM’s launch on October 12, 2018.  Likewise, there are about 49 dApps in various stages of development on the platform.

Before the TRON Virtual Machine went live, there were only 18 decentralized applications live on the network. Therefore, in under a week, the platform has experienced 31 new additions, attesting to its growing popularity and use. While not every dApp listed on the page has gone live, users can still access 18 of the dApps.

Robust growth in the number of decentralized applications under development should lead to an increase in the number of people using the platform. Such an increase would allow TRON to unlock its actual value on increased usage.

TRON Mainnet Accounts Growth

TRON is not only experiencing growth in the development of dApps but also on the opening of new accounts. Mainnet accounts have already surpassed the 500,000 mark, signifying an important milestone. The average daily transfer consequently stands at about 146,000 with average daily volume peaking at 440,135.

While the total number of accounts might seem significant, one cannot dispute the fact that the TRON’s mainnet account came into being a few months back. Similarly, TRON has continued to enjoy a monthly growth rate of more than 100,000 new accounts.

TRON vs. Ethereum

Compared to other similar blockchain projects at the same stage after mainnet launch, TRON is experiencing robust growth. Most noteworthy is that its total number of accounts is 13 times that of Ethereum. Similarly, they are 20% more than that of EOS.

TRON has consequently surpassed Ethereum when it comes to daily transaction volume for the first time. According to BitInfoCharts and Tronscan, TRON registered more cryptocurrency transactions between October 18th and October 21th. The project registered 630,018 transactions, its highest ever on October 19.

The sudden increase in the number of TRON transactions is to some extent related with the launch of the large-scale distributed gaming app TRONBet. In addition, Tron is benefiting from the fact that it can process up to 2,000 transactions a second compared to Ethereum’s meager 25.

Risk Disclosure

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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