The fact is that the project Mainnet of the Tron (TRX) is not yet complete. The last phase of Mainnet integration will be completed on August 30th. We currently have the Tron Virtual Machine running smoothly from its release on June 30th. This means that the 19 existing Decentralized Apps connected to Tron may not have been migrated to the Mainnet at the time of this. Once the Mainnet is 100% certified as complete, then the lights, the camera and the action for the Tron platform.
The 19 DApps supported by Tron include Peiwo, Game.com, Odyssey, Gifto, Kitty Live, Mico Team, Baofeng Xinying, GSC Team, SAMY, DRadio, TronWallet, PandaFun, Task, NextGenius, Tron Monster Miners, TRXPLORER, Multurrent Index and Decentronland.
Currently the platform manages 173,981 transactions as per TronScan and at the time of this writing. Ethereum is currently processing 648,565 transactions a day even at the time of writing this. The ETH platform currently has 1,774 DApp running on it. The daily active users of Ethereum on these DApps are currently around 10,000 and occupy 60,000 transactions a day of the aforementioned 648,565 (9.25%)
Returning to the DApp Tron, only Peiwo has over 10 million users. This means that once the entire DApp is migrated to Tron Mainnet, the daily transactions on the platform will increase in an instant. Using the statistics provided by Tron's main network and managing 2,000 transactions per second, this translates into 172,800,000 transactions a day at full capacity. This extinguishes any fear that Tron's main network will handle such large volumes of transactions while DApps migrate to the platform.
In conclusion, the Tron Mainnet still needs to have official DApp built on it or migrated to the platform from the Ethereum Network. Once this happens, daily transactions will increase day by day and so will the demand for TRX. The digital asset will be the base currency in all these DApps. Therefore, a price increase will be evident in the coming months when the DApps start to be built or migrated to the Tron platform. Just continue HODLing, TRX is sure to put on a show with time. The project even plans to become Google of Blockchain.
For the latest cryptocurrency news, subscribe to our Telegram!
Disclaimer: This article should not be taken as and is not intended to provide investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels