Rise Of Blockchain Gambling: EOS And Tron (TRX) Vs. Ethereum (ETH) In Terms Of dApps & Daily Transaction Volume

dApps on the blockchain become more and more popular these days and it seems that gambling dApps are the ones with the highest popularity.

There’s a brand new report from data analytics and digital asset research company Diar.

This report reveals that dApps on EOS and Tron are powering a lot more dollar-for-dollar transaction value compared to Ethereum (ETH).

EOS and TRON vs. Ethereum dApps

The research highlights that EOS and Tron dApps are currently accounting for about 94% of the US dollar volume across these three blockchains.

You probably recall that Tron’s founder and CEO Justin Sun told Ethereum developers a while ago that they are invited to move their dApps on the Tron blockchain.

The research is citing data from DappRadar, and it shows that the rising dApp numbers on EOS and Tron are mostly due to gambling dApps that are using the two new blockchain networks more, so it seems that developers have listened to Tron’s advice.

“Of the $5.5Bn already transacted on EOS, 70% go towards gambling DApps. This number is over 95% for Tron,” according to the report.

The data says that “Gambling Dapps only account for a tiny 2% of total US Dollar transaction volume on Ethereum despite nearly half of the applications being betting spots. The overwhelming majority of trading went towards trading on DEX – and even that now faces a continuous adoption downfall.”

Ethereum, not under threat on the long run

On the other hand, Diar makes sure to explain that this rise of gambling dApps on Tron and EOS will not threated Ethereum on the long term.

This is because the on-chain transactions on the Ethereum network are currently at their all-time high.

“It’s unlikely that this poses a long-term development threat, however, with major cryptocurrency institutions having backed financial projects already geared for Ethereum.”

Check out the complete report.

FireShot Capture 46 Volume 3 Issue 3 – Diar https   diar.co volume 3 issue 3  - Rise Of Blockchain Gambling: EOS And Tron (TRX) Vs. Ethereum (ETH) In Terms Of dApps & Daily Transaction Volume

Tron’s popularity is acknowledged

Weiss Ratings has recently announced on Twitter, and they recognize the fact that Tron has already proven its massive popularity.

They also highlighted that the TRX/USD trading pair is currently the most bullish looking of any top 10 projects, revealed Etehereumworldnews.


People Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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