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Cryptocurrency

TRON Becomes Favorite of Developers, Adds 111 New DApps to the Ecosystem in One Month

Cryptocurrencies and blockchain solutions are fast becoming the norm in the technology sector. Adoption of crypto and DLT is moving strongly, with more and more companies and individuals entering the space.

Decentralized Applications, commonly known as DApps have been increasing significantly in number, and this is probably the best time to be a blockchain developer. In the past few months, blockchain technology has been implemented in several sectors, which has increased the demand for DApps. Many cryptocurrencies have emerged in the past couple of years, which are focused on crypto adoption, who have been taking serious efforts in this regard.

However, new data posted online shows that TRON (TRX) is the most preferred platform for developers. In the last 30 days, between March 20 and April 20, TRON added about 111 news DApps, which is a whopping 41.5% increase from its existing 267, taking the number to 378. TRON is followed by EOS, which added 39 or 8.4% new DApps, and Ethereum came in third with an increase of 4.4% or 74 new DApps. The data was revealed by crypto analyst and founder of IAmDecentralized.org, Misha Lederman.

https://twitter.com/mishalederman/status/1120003685017321473

Crypto markets have recently been flooded with DApps, which is not a bad thing at all. Recently, VeChain Foundation organized a developer summit called VeChain World Summit, which invited developers to create innovative DApps for the platform. The summit was hosted in San Francisco and was first of its kind for the developer space.

Cryptocurrencies are now being used for various purposes, right from global money transfers to online gambling. This creates a need for innovative DApps to cater to the needs of ever-changing market demands. Especially, TRON, EOS, and ETH have been among the top preferred platforms for crypto adoption.

Justin Sun, founder of TRON, and the entire team behind the platform has been taking serious efforts to push adoption of TRX. Over the last few months, TRX has been on an adoption spree, as it was incorporated on various platforms, including crypto wallets Banko and Magnum, and also the crypto trading platform BitKan. The TRX platform has been in a fierce competitive battle with EOS for months and now seems to be easily ahead of its biggest rival.

EOS and Ethereum, on the other hand, have also been working to push adoption. However, their dominance in the dapps ecosystem has reduced, especially after the bearish trend of 2018, which devastated the crypto space at large. Apart from this, both the platforms have also been regularly accused of a more comprehensive conservative approach.

Former Ethereum co-founder and Cardano chief Charles Hoskinson recently placed severe criticisms on ETH and EOS for saying the two platforms are not truly decentralized. Following this, the ETH community also raised questions on the lack of transparency in the Ethereum Foundation.

Apart from these three, many other platforms like VeChain (VET), Ontology (ONT), and TomoChain (TOMO) are also taking giant strides in crypto adoption, especially is the sectors still unexplored by the three dominant platforms.

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Ankita Baruah

Ankita has recently joined the CryptoNewsZ team. She has a Masters Degree in English Language and Literature and 10+ years of experience in dealing with different types of content for print as well as digital media. Writing is her passion. Precision and originality is what she believes in and makes sure she abides by them in her write ups. When Ankita is off work, you will find her engrossed in books or enhancing her culinary skills!! You can also mail her at [email protected] to discuss anything related to her reports.

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