Gambling DApps Push Tron (TRX) Transactions Above BTC, ETH, XRP, and BCH Combined
The recent addition of several gambling and gaming decentralized apps (dApps) on the TRON (TRX) network has caused a spike in its transaction value that is higher than the top four cryptocurrencies combined.
On November 9th, transactions on the TRON network surpassed 1.3 million, according to data from Tron’s block explorer. By comparison, data from BitInfoCharts shows that the combined transactions of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Bitcoin Cash (BCH) together only amount to less than one million transactions.
Experts have argued that transactions on dApp networks like Ethereum, Tron and EOS report inflated transactions values due to an increased amount of “zero value” transactions. This allegation is backed by data which indicates average transaction values on the Tron blockchain are far lower than other cryptocurrencies which are traditionally used for trading or retail.
Popular gambling and sports betting apps on the Tron network include TRONbet and TronDice. The dice game has paid out more than $5 million in total winnings. Yesterday, Tron founder Justin Sun tweeted that winnings on TRONBet had exceeded 3.1 billion TRX tokens.
— Justin Sun (@justinsuntron) November 10, 2018
Tron (TRX) is currently trading at $0.022 with a market cap of $1.47 billion.