TRON dApp Total Surpasses EOS for First Time

TRON (TRX) has officially eclipsed EOS to take the number 2 spot for the total amount of dApps on a network. TRON now boasts 669 dApps on its network. It still has a long way to go before catching up to Ethereum, however, which has some 2,152 dApps on its network. The founder of TRON, Justin Sun, took to Twitter to celebrate the occasion. He claims that he expects more users and developers to join now that TRON has taken the 2nd place spot among dApps.

According to @dapp_review, the total number of #TRON #Dapps reached 669 on Jan 07, 2020. It has surpassed the number of #EOS Dapps(668) for the first time. #TRON ecosystem is growing at a steady pace, we welcome more users and developers to join us. #TRX $TRX pic.twitter.com/rwOiXbOZSd

— Justin Sun🌞 (@justinsuntron) January 8, 2020

However, it’s not all good news for Sun’s platform. A more useful metric is the USD volume on these dApps, and TRON’s actual on-chain daily volume appears to be dwindling. As of January 5th, 2020, EOS has $14.3M, Ethereum has some $8.7M, and TRON sits at third with $3.4M in daily volume. In fact, TRON’s dApp volume appears to be dwindling—it was $9M just a week and a half ago. Therefore, while Sun’s project may have more dApps than EOS, but its daily on-chain volume is declining. This didn’t stop Sun’s victory lap, however. The market has also shrugged off the news. The price of TRX continues to be relatively anemic. It is down -4.70% relative to BTC and up only 0.84% in USD. TRON is still close to -50% of what it was trading a year ago and is currently sitting at a price point of around $0.0144. Sun had spent much of the latter half of 2019 reorienting his project strategy. As BeInCrypto reported in December, 916M USDT was migrated to TRON’s blockchain throughout 2019. Sun has also been actively working on acquiring the exchange Poloniex which has been met with mixed responses. We can likely expect a more concrete announcement on the Poloniex acquisition sometime in 2020.