Do Decentralized Apps on Tron’s Network Rely on Gambling?

By January 28, 2020 DApps
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Do Decentralized Apps on Tron’s Network Rely on Gambling?
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Key Takeaways

  • Most of Tron’s transactions come from gambling DApps
  • Ethereum, EOS, and Tron have over 98% of 2019’s total DApp market volume
  • Justin Sun may have formed a partnership with Apple co-founder Steve Wozniak

The name Tron resonates loudly through the cryptocurrency market space and the relatively fresh world of decentralized applications. However, a trend has been noticed; most of the Tron protocol’s transactions are made from DApps in the gambling sector.

In fact, as many as 17 out of 25 of the most popular decentralized apps on Tron’s network offer gambling services. The research was conducted by DappRadar, a website that makes provision for data related to DApps on different cryptocurrency networks.

Las Vegas on the Blockchain

The other eight most popular DApps on Tron’s network are categorized into varying sectors like High-Risk, Exchanges, and general games. However, the only DApps that register volumes of usage close to the gambling applications are the exchanges. The other 6 that belong to other segments experience way less traffic on their networks.

On the other hand, only three DApps in the gambling niche made it to the top 25 of Ethereum’s DApps. The other 22 are categorized into different niches.

Tron gained the most of its current users on its DApp platform in April 2019 through persistent marketing. The platforms that led the market concerning consistent DApp usage in the year 2019 were Ethereum, Tron, and EOS. All coins/tokens are ranked in the top 15 cryptocurrencies in terms of market capitalization.

The three networks shared a staggering 98.65% of the total DApp market volume for 2019.

A news release by Tron revealed that as much as $4.4 billion in trade volume flowed through the network’s DApp platform. Almost 90% of those transactions were made on gambling DApps. This has led DappReview to describe Tron’s DApp ecosystem as the ‘Las Vegas of the blockchain’.

Justin Sun and Steve Wozniak

Meanwhile, Tron founder Justin Sun recently shared lunch with Apple co-founder Steve Wozniak, posting a tweet about the meeting. This has led to several rumors about the possibility of a partnership between both tech wizards.

Steve Wozniak has always trumpeted his support and curiosity in the crypto space since it became increasingly popular. The Apple co-founder has described Bitcoin as ‘pure digital gold’ and has created a company that makes use of the blockchain network, EQUI Global.

Crypto enthusiasts who came across Justin Sun’s tweet attacked him stating the Tron founder had never understood what the word ‘partnership’ meant. Although he has made what some consider to be strategic partnerships, the question remains - will Sun unveil a partnership with Wozniak?

Most of Tron’s transactions come from gambling DApps

Ethereum, EOS, and Tron have over 98% of 2019’s total DApp […]

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