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Tron Surpasses 700,000 Active Users

The TRON ecosystem has, according to its weekly decentralized application (dapp) report, surpassed the 500 dapp mark. These are said to be used by over 700,000 active users.

The report, published by the Tron Foundation on its Medium blog, claims the TRON network has surpassed other decentralized application networks like Ethereum and EOS in active users, reaching 710,700 in the first half of this year.

Per the report, the number of dapps in its ecosystem grew to 502, although the number of daily active users and transaction volumes dipped in the first week of July. The report further introduced several new games to its community.

Among them are a ‘lucky number’ game that’ll see users pick a right number to get TRX rewards, and a boardgame-based platform for TRON users. Blockchain data shows the cryptocurrency’s ecosystem now has over 1,300 nodes supporting it.

TRON’s TRX token is, at press time, trading at about $0.032 after rising about 2.5% in the last 24-hour period. The cryptocurrency’s market cap is of $2.19 billion, which makes it the tenth largest cryptocurrency by market cap, behind Bitcoin Satoshi’s Vision and ahead of Cardano’s ADA.

Last month, TRON officially launched the testnet for the Sun Network, its scalability solution. The network includes an initiative called DAppChain, which is a “side chain scaling project designed for TRON’s smart contracts, which aims to enable DApps to run with extremely low Energy consumption, high security, high efficiency through customized methods on the chain.”

The cryptocurrency s also set to be added to the popular Opera browser, as in May its team revealed it was looking to soon “support TRON’s TRX and other TRC-20 standard tokens.” The Opera browser expects to, within a year, add support for multiple other blockchains.

As recently covered, TRON founder Justin Sun recently broke his silence on Ponzi schemes after he was accused of being associated with a scheme that defrauded investors out of as much as $30 million.

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.

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