Tron’s [TRX] ecosystem blooms as DApps and recent developments make waves

[Magician]

Tron’s [TRX] popularity was off the charts on Tuesday after Tron Foundation CEO Justin Sun announced his winning bid to have lunch with the crypto-skeptic, Warren Buffett. Buffett, who once called Bitcoin “rat poison squared,” will meet with Sun and others from the cryptoverse, and the bet is on whether or not Sun will be able to convert a crypto-skeptic into a crypto-cheerleader.

This news impacted the performance of the coin in the market as it did not fall prey to the raging bear. Tron [TRX] had been struggling since it lost its place in the list of the world’s top 10 cryptocurrencies. However, development in its ecosystem has kept the coin afloat. Since the beginning of the year, TRX has grown by a massive 103.56%, with its price jumping from $0.0181 to $0.0370.

Source: Trading view

TRX had previously registered an all-time high of $0.2220 and has noted 704.31% growth since its inception. At press time, Tron’s block height was close to 10 million with 1364 online nodes. The addresses registered on Tron grew by 5606, and the total count of addresses was reported to be 3,050,737.

Tron DApps contributed a lot towards its growth. Over the previous week, the DApp count surged by 14%, bringing the total to 447. Tron’s TRONbet ranks 1st among gambling DApps and is followed by EOS’s EOSJacks. TRONbet registered 24-hours user base of 3.8k and a 24-hour volume of $8.5 million. According to previous reports, gambling apps from Tron have resulted in increased participation from users.

At press time, Tron was valued at $0.0349, with a market cap of $2.33 billion. Even though TRX slipped from the top 10, according to Sun’s claim, it would make a comeback soon. The 24-hour trading volume of TRX was reported to be $1.31 billion, as it noted 4.12% growth over the past seven days. It registered a growth of 1.16% over the day and continued to go forward by 0.21% within the hour.

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