Tron (TRX) volume saw over $1.6 billion via gambling dapps

Tron has a heavy dominance within the dapp space, with large flow driven via the gambling sector.
The Tron network reported a chunky $102 million of transactions in just a single day.

Ken Chigbo Independent Analyst

Tron network is further being known across space for the purpose of Gambling according to recently compiled data.

The analytics group, Dapp Review, recently detailed in their report that dapps on the Tron network have facilitated a chunky $1.6 billion in activity within Q1 2019. The estimated number of users are said to be more than 432,000. To put this into greater perspective, in total, 64% of dapps on the tron network now facilitate gambling, according to the study.

Looking at the game breakdown, Dapp volume has seen a surge to new highs last month, March 2019. Dapp Review details that with more than $102 million worth of transactions were seen in just a day on March 15. In comparative terms, on the same day, EOS dapps saw $16 million, with Ethereum just at around $4 million.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.