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Tron DApp Weekly Report: Developers shift focus to DApp gameplay, strategy as gaming, gambling apps soar

Febin Jose

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Source: Pixabay

The Tron Foundation and CEO Justin Sun have been working on developing a world-class DApps network and if their weekly reports are to be believed, they might be inching closer to that goal. Tron Foundation released its DApps Weekly report on April 12 and informed the Tron community about the progress in the DApps ecosystem, ahead of the SUN Network launch in May 2019.

The report expanded on two major developments that happened over the past week. The first update was with respect to the dominance of gaming and gambling apps.

With 81 gambling apps and 57 games on the network attracting over 15,000 active users, developers have now shifted focus onto the gameplay and strategy of DApps. A significant amount of work has been funneled into this as developers scavenge for a breakthrough in the sphere. The report read,

“Many more complex DApp games have been put on the developmental agenda. At present, the growth of DApps is still driven by gambling games. But the cool-off of gambling games has caused a dip in the DAUs [Daily Active Users] of DApps.”

The second update was RatingDapp listing DApps on Tron’s public network. RatingDapp is a website which tracks the performance of DApps and presents the on-chain transaction record graphically.

Source: Tron Foundation's DApp Weekly Report

Source: Tron Foundation’s DApp Weekly Report

Their report suggested that Tron’s weekly DApps had grown extensively over the past few weeks, in terms of transaction activeness and user acquisition.

The report also highlighted three DApps which were making strides in the ecosystem. The first was a game called BLOCKLORDS. The game won the grand prize at the Tron Accelerator competition.



The second app was MyWish, which allowed users to build and deploy their own smart contracts on Tron. What makes it unique is its ease of use and the fact that knowledge of coding is not a requisite for using the app. The app was first launched on the Ethereum blockchain in 2017, the report said.

The third app was Math Wallet, which received an update last week. It released an extension wallet while simultaneously offering support to Tron’s DApp ecosystem and Mainnet.





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Febin Jose is a full-time journalist/editor at AMBCrypto. He believes that cryptocurrencies will navigate a volatile future and that Arsenal can still win a title. Lives around the "if it sounds like writing, I rewrite it" mantra.

Altcoins

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Namrata Shukla

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Binance Chain's adds Mithril as its first project followed by MITH/USDT trading pair
Source: Pixabay

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.

Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.

According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on Binance.com will be halted for the initial 12-hour migration period, however, trading will continue. The post added:



“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”

As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.

Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.





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