The recent activation of the Tron Virtual Machine (TVM) might be a game changer for the blockchain platform. Since TVM was launched in October, there has been a substantial rise in the number of Tron-based decentralized applications, which, if sustained, could further increase the number of users of the platform.
Tron-Based DApps Almost Triples in More Than a Week
The number of Tron-based decentralized applications (DApps) has more than doubled since TVM’s launch on Oct. 12. Based on data from the “State of Tron DApps” page on the company’s site, there are now 49 decentralized applications in various stages of development.
While 49 DApps might not sound too many, it must be noted that prior to TVM’s launch, there were only 18 DApps live on the network. That means that in just a little over a week, there were already 31 additions to the roster. This rapid growth of Tron apps, if sustained, could lead to more people using the platform, which, in turn, could unlock its value.
Not every DApp listed on the page is live at the moment. Of the 49, only 18 DApps are live, while the rest are still in various stages of development such as concept, prototype, progress, and beta. Tron is still not a top 5 cryptocurrency, sitting ninth by market cap currently.
Tron Mainnet Number of Accounts Breaches 500K Mark
Meanwhile, the company also released some figures highlighting the platform’s growth. In its Tron weekly report for Oct. 13 to 19, the company announced that it has reached a new milestone — Tron mainnet’s accounts already surpassed the 500,000 mark. As of Oct. 17, the company reported that total accounts already reached 500,140. The same report also revealed that average daily transfer is around 146,000, with the record single-day volume peaking at 440,135.
The number of accounts on the platform is very significant, considering that it was launched just four months ago, on July 25. Moreover, the platform posted a steady monthly growth rate of more than 100,000 new accounts per month.
Compared to the statistics of its rivals four months after their respective launches, Tron’s total number of accounts is 13 times that of Ethereum and 20 percent more than that of EOS.