Tron has the most significant number of active DApp users in the market.
Dapp.com is an analytics website that tracks decentralized applications available on the internet today. The platform released its 2019 Q2 report a couple of days ago, and TRON occupies the first place in terms of active users on DApps.
The main aim of Dapp.com is to demystify decentralized technologies to assist individual users, developers, and companies to feel more at home using this new technology. From the information Dapp.com gives to the crypto community, it makes it easy for interested parties to join the decentralized environments.
According to the Q2 2019 Decentralized Application Market Report, decentralized applications or DApps have managed to remain strong in Q2 2019 performing more than it was expected.
According to the report, the total transaction volume increased to about 3.28 billion US dollars while the number of transactions recorded and amount of transaction volume recorded for the Q2 period touched an all-time figure of approximately 1,159,482 and 325 million respectively. During the second quarter, 484 new decentralized applications (DApps) were introduced to the market, which was significant growth in comparison to the previous quarter. Dapp.com states,
“484 new decentralized application was introduced to the market in Q2. At the time of writing, Ethereum, the number two ranked crypto asset by market cap, remains the first option for developers, followed by Tron and EOS.”
The platform added,
“Recently launched blockchain technologies like TomoChain and IOST are quickly creating a name for themselves in the market, but the first tier blockchain technologies have already gone way ahead.”
Also, according to the Dapp.com market report, Q2 saw a new record for active users being set at 1,159,482 as well as best performance for transactions and transactional volume. Over 700,000 new users used DApps at least once in Q2, marking the highest number in one quarter.
According to the report, 35 percent of the existing decentralized application users used DApps at least once in the Q2 period among the six blockchain platforms. This is the highest number of user
In the case of Ethereum, user activeness usually has an active association with ETH prices where the more significant the ETH price, the higher the number of Ethereum DApp users. Since mid-May 2019, more and more token holders are being transformed to DApp users daily as ETH prices keep on appreciating.
On the other hand, EOS has a high load to prove the massive investment it raised during its funding stages. In regards to user activeness, EOS has the most active DApp user base with more than 65 percent of its users using DApps in Q2 2019. According to the report, about 34 percent of EOS holders have interacted with EOS Decentralized Applications at least once which is the second-highest after the number 2 ranked crypto asset by market cap, Ethereum.
According to the report, EOS owes its Gaming applications credit for its significant trading volume, which is responsible for more than 65 percent of the transactions. However, a recent publication has revealed that its not actual humans who transact on the EOS platform. According to the release by AnChain.AI, EOS is guilty of extensive malignant bot activity on its network.
According to investigations, about 50 percent of special Bot accounts were found to be responsible for about 75 percent of the total transactions on the EOS platform. These damming revelations are based on scrutiny of the top 10 Gaming decentralized applications operating on the EOS platform, which account for 65 percent of the transactions.
Given the fact that Bots are software applications that run automatic tasks over the internet, Bots are employed to enhance DApp rankings through bot transaction on the EOS platform. By doing this, the bots manage to increase the liquidity of DApp utility tokens, earning good returns on payout dividends or even interrupting competing DApps by clogging them with traffic.
Although Tron has the most significant number of active DApp users in the market, it takes the third position. According to the report, 82 percent of all Tron decentralized applications, 338 out of 412, stayed active in Q2.
Contrary to Ethereum and EOS, Tron appears to have a negative association between its active users and token price. The fewer users the Tron DApps register, the higher the Tron (TRX) prices and vice versa. According to the report, Tron grew the most throughout Q2 out of all the surveyed platforms.
Pornhub Adds Tether (USDT) to Its Payment Options via TRON Wallet after PayPal Pull-Out
Pornhub is expanding the range of payment options for the users of the website. One of the new options is a cryptocurrency – Tether (USDT).
Tether (USDT) now joins Pornhub payment options along with Cosmo Payments which is a global payment processing app. Plus all that, the popular porn site added a direct deposit option for Australia and Puerto Rico.
Pornhub is known as the company which likes to experiment in terms of payment options for their models. Of course, it’s not something out of thin air, mainly it’s because they have no other options. Pornhub had talked about accepting many cryptocurrencies in the past, with Zcash (ZEC) and Tron (TRX) being a couple of them. While these two never made it to the actual website, Verge (XVG) did. Now, ever since April 2018, it is one of the top payment options on Pornhub.
Additionally, in November 2019, PayPal decided to end all relationships with Pronhub and cut off its payment services. This, of course, fundamentally changed the way and manner in which the performers were able to receive their funds.
“Since PayPal’s decision to stop payouts to thousands of Models two months ago, we’ve been hustling to start the new year on a good note and offer you more options to make things a little easier,” wrote Pornhub in their blogpost.
This significantly affected ei
Now USDT joins Pornhub with the help of Tron Foundation. Why Tron? Well, Tether uses the TRONLink wallet for transacting USDT. Previously we reported that Tron partnered with Tether to launch the stablecoin on the Tron blockchain. It’s an effort to pursue the launch of the dollar-pegged USDT stablecoin as a TRC-20 token. The Tron blockchain uses a technical standard – TRC-20 which is similar to and compatible with Ethereum’s ERC-20 standard.
Pornhub writes that USDT transactions “can be done globally within a few seconds and there are no fees”. Next, they step-by-step explain how to use the TRONLink wallet and how to transact USDT on it. Also, Justin Sun took it to Twitter and urged everyone “to stop what they’re doing” on Pornhub.
Many replies to Justin’s tweet seem rather disappointing. The community feels like it’s a bad idea to be associated with the porn industry and implies that Porn is free. They don’t understand why would somebody use these payment options to pay individual models.
TRON Gains And Is Now Second Biggest Dapp Ecosystem
- Defi apps have seen growth and usage that is nothing short of impressive. The hype attributed to gambling apps is now threadbare.
- Ethereum is the #1 choice for anyone interested in financial dapps. Tron now about high-risk dapp and gambling.
In 2019, the number of dapps users experienced a boost of massive proportions. The 2019 Annual Dapp Market Report states that total dapp users doubled in 2019 when compared to 2018. More, new users to the tune of 2.77 million were added, but that has not translated to much increase in the number of active users, with just 11% of users being active on the platform. The report also states that of the nine biggest blockchains with 3.26 billion transactions, over 2.3 billion of that could be traced to EIDOS.
According to the aforementioned report, financial services such as lending apps recorded some impressive growth. Notably, the total number of users climbed by 610%, with the transaction volume recording a growth of 251%. DeFi dapps were the second biggest category, with more than a million active users.
Gambling users saw an increase of 372%, which is identical to the increase in high-risk users. They, however, had weakened investment and presale hype, with their overall volume dropping by a significant 60% when compared to the same period in 2018.
Gamers and Ethereum
Ethereum remained the preferred choice for smart contract platforms. It oversaw the launch of around 600 new dapps and had more than 1.4 million users who were active all year long. This accounted for 10% of all active users. The
From the available evidence, it appears that around half of the active Ethereum dapp clients utilized DeFi apps. Ethereum also maintained its popularity among gamers and gaming developers, with more than 200 thousand such fellows utilizing it.
Gambling Ascends The Tron
Tron closely follows the footsteps of Ethereum and has the second biggest dapp ecosystem. Around 411 new apps were constructed last year that made use of this blockchain. TRON’s mainnet accounts have witnessed significant growth and there are almost 3.5 million new accounts that have been created primarily due to its partnerships with significant corporate entities like Opera and Samsung.
The Tron-based USDT has also been issued, quickly ascending past $900 million, thereby consisting of around 20% of all USDT. Most people on the TRON platform are gamblers and users of high-risk apps.
EOS And EIDOS
Only 260 new dapps have been created on EOS, but they are responsible for generating a volume of around $5 billion. This is almost 50% of the whole volume and is more than what was recorded by Tron and Ethereum. The activity percentage on EOS is also more than all platforms, with 97% being recorded at one point.
EOS saw a number of launches, with EIDOS being the most important. This launch triggered a 4X increase in the number of transactions. Before this launch, EOS had the biggest number of users who were active daily. This however decreased by 80% once EIDOS launched and began operations. While constituting a distinct minority, EIDOS users were responsible for generating a greater majority of all transactions.
The EOS ecosystem also experienced a great loss in the fourth quarter of 2019 when dapps like EOSbet, Karma, and Prospectors, which were among the most active migrated to Wax Blockchain.
Apple Legend Steve Wozniak Meets With Tron (TRX) Founder Justin Sun
The legendary co-founder of Apple, Steve Wozniak, sat down for lunch with Tron creator Justin Sun.
The two met at Mandarin Gourmet in Cupertino, California on Tuesday. Wozniak posted the news via Twitter, joking that he didn’t charge Sun for the meeting.
“Lunch with Justin Sun for free! (He paid for lunch with Warren Buffett)”
Neither Wozniak nor Sun divulged any specifics on what was discussed. However, Sun is launching one of his trademark pre-announcement announcements, and says a partnership is on the horizon.
“It was an honor meeting the legendary Woz, Apple co-founder! Looking forward to our partnership!”
Wozniak is a high-profile supporter of cryptocurrency and
“Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist…
Man makes up currencies, controls them, issues new US dollars every year. Bitcoin was immune to that.”
As for Ethereum, Wozniak says he thinks the second-largest cryptocurrency could “outlive the hype.”
Wozniak has also backed Efforce, a blockchain-based platform that uses tokens to incentivize companies to reduce carbon emissions.