Ethereum has had a tough week. Not only has it been pushed down the market cap charts by XRP, now Tron has surpassed it in terms of network decentralized application volume.
dApp Volume on Tron Higher Than Ethereum
According to analytics website dapp.review the Tron Network is now above Ethereum in dApp transaction volume:
No.1 DApp on ETH
IDEX – 2430 ETH txn volume in last 24 hours
— DappReview (@dapp_review) November 17, 2018
TRONbet is the platform’s leading dApp at the moment with a 24 hour transaction count of over 543,000 equating to a volume of 181 million TRX. TRONdice has over 18,000 daily transactions with a volume around 744 million TRX at the time of writing. These are the only real two dApps driving traffic though, the rest are pretty inactive. Comparatively Ethereum’s top dApp, IDEX, has only 7,400 daily transactions with a volume of just over 2,090 ETH.
Accelerator Program for Developers Launched
To keep this network momentum up and encourage further growth Tron has launched an accelerator program for dApp developers. The million dollar initiative is ‘aiming to empower developers and foster innovation within the blockchain industry,’ according to the official website.
The site goes on to explain that the accelerator program is effectively an online competition which will be;
“rewarding up to 56 winning DApp projects across multiple categories. Unlike some of the previous programming contests that rewarded multiple developers, TRON Accelerator does not features loan or equity model. Winning teams and developers will keep ownership of their products after they get rewarded.”
Registration and submissions will be accepted up until the end of the year with the winners announced in January. Tron is also hosting its first international summit in San Francisco in January called niTROn. Running on the 17th to 18th the event will be hosting a wide selection of speaker panels, technical workshops, and networking events, though no specifics have been posted on the website yet.
The Tron Network has been aggressively expanding despite the bear market this year. Following its acquisition of peer-to-peer network, Bittorrent, Tron went on to acquire payment app, Poppy. Last month discussions with Chinese internet giant Baidu resulted in collaboration on cloud computing services between the two.
TRX did not escape the crypto rout last week however, falling 18% over the past seven days. Market cap has declined to $1.2 billion but it has managed to hold on to eleventh spot on the crypto charts. At the time of writing TRX was trading down 6% on the day to just below $0.018.
Image from Shutterstock
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