TRON Aiming to Poach Ethereum and EOS dApp Developers

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In Brief
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Earlier today, TRON CEO Justin Sun tweeted out an intriguing offer aimed towards decentralized application (dApp) developers currently building on the Ethereum (ETH) and EOS (EOS) blockchains.

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TRON (TRX), similar to Ethereum and EOS, is a platform which hosts decentralized applications (dApps). TRON currently has 28 different dApps which have been built upon its blockchain, with the majority falling under the genre of gambling or games.

Currently, TRON’s top-ranked dApp is ‘TRONbet,’ a basic over-under dice rolling game which sports 1,581 active users who transacted nearly 350 million TRX, TRON’s native currency, in the past 24 hours. At today’s trading price of $0.013, this equates to nearly $4.5 million.

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At the time of writing, TRON is occupying the number 10 spot with a total market cap of $845 million.

Come To The Dark Side

In Sun’s Tweet earlier today, he claimed that TRON was going to ‘build a fund to rescue ETH and EOS developers from the collapse of their platform’ as long as those developers changed sides and migrated to TRON.

No specifics have been given in terms of how much and in what form TRON is offering to migrators.

This is a bold move in which Sun appears to be boasting and leveraging TRX’s resiliency in the past few months of bloodshed in the cryptocurrency markets compared to ETH and EOS.

In the past 30 days, TRX has only lost 45 percent while ETH and EOS have suffered 60 percent and 71 percent losses respectively.

[bctt tweet=”Justin Sun is showing no mercy to the suffering EOS and Ethereum blockchains in the cryptocurrency warzone.” username=”beincrypto”]

This move could also prove to be a foolish venture, considering the fact that most popular dApps currently on the EOS and Ethereum platforms are near-copies of what is already on the TRON platform.

This has not been the first time that Sun has called out the competition. Back in October, he Tweeted that the new Odyssey 3.1 protocol update would make TRON ‘200x faster vs. ETH, 100x cheaper vs. EOS.’

Without any real innovation or unique concept for a decentralized application, Sun is just going to be shelling out money for more of the same content that is oversaturating the dApp blockchains as it already is.

Comparing Chains

At present, EOS could be considered the reigning king of dApp-based blockchains with more than 47 million blockchain operations in the past 24 hours.

TRON stacks up third with 1.5 million and Ethereum comes in eighth with a little bit under 600,000.

It has yet to be seen if all the dApp development blockchains will be able to coexist and interact with one another in the future, or if possibly only one will come out on top leaving the others to crash and burn.

Do you think TRON will be able to overtake Ethereum and EOS in 2019? Will any of them be relevant in the next few years? Let us know your thoughts in the comments below!

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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Kyle migrated from the East Coast USA to South-East Asia after graduating from East Stroudsburg University. He began trading and writing about cryptocurrencies in 2016, and has been an avid investor in stocks and precious metals since his teens.

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