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The new data shows that the game is becoming a prime use case for the Tron blockchain.
CoinDesk exclusive review by the Dapp Review badysis firm, the tron network applications have facilitated the business of $ 1.6 billion in the first quarter of 2019, with more than 432,000 users. In total, 64% of the dapps on the tron network are now facilitating money games, the study said.
Nowadays, tron game apps range from digital dog racing to an "investment game in agriculture" that promises players up to 100 times their initial investment.
On the strength of such GamesAccording to the Dapp Review report, the volume of the dapp transaction reached a new high in March 2019, with more than $ 102 million in transactions on March 15 only – compared to about $ 16 million on the same day on EOS dapps and one just under $ 4 million in daily volume on the ethereum dapps.
In retracing his steps, Tron became independent of Ethereum in June 2018 after the Tron Foundation, his namesake, organized a $ 70 million chip sale in 2017. Vincent Niu, CEO of Dapp Review, said told CoinDesk that EOS, another Ethereum-inspired blockchain, had also been commissioned in June 2018 – outdated when players discouraged by Ethereum's high fees flocked to EOS in late 2018.
The tron community became aware of it and also started courting the Ethereum developers.
"In October 2018, representatives of the tron network contacted us and asked us to participate in their accelerator," Ruslan Marinov, founder of Moscow based casino dapp 888tron, told CoinDesk.
Tron has gained market advantage through the popularity of such online gaming sites, Niu said.
The first quarter of 2019 report by Dapp Review estimates that 27% of tron dapps are casino games, while 36% of others are considered "high risk" games of chance. The report revealed that only 37% of Ethereum dapps belonging to both categories combined. (The "high risk" game involves very little gambling and a smart contract that determines the payments.)
Daily volume on Tron (yellow), EOS (green) and Ethereum (blue). (Courtesy of Dapp Review)
Attract developers
The founder of Tron, Justin Sun, in particular, was a catalyst for growth of this sector.
Although the Tron Foundation issued a statement in March discouraging illegal gamblers in Japan, founders of several global companies told CoinDesk that they had received $ 10,000 or more from the Tether Stablecoin as a reward for building their games for the Tron Accelerator hackathon in December 2018.
According to a spokesman for Tron, these funds came from Sun's personal accounts and not from the company itself.
It is unclear to what extent the Tron Foundation is contributing to the financial strength of this gaming sector, beyond the enumeration of games on the company's official websites. A spokesman for Tron declined to comment on the game of app. We will update the story if we receive an answer.
"The blockchain offers a lot of freedom to the people of China, for example," said Marinov, 888tron. "By using a VPN, they can play or use many other services."
While ecosystem developers continue to create game portals across many block chains, Sun's recruitment strategy appears to have been particularly effective.
Categories Dapp on the Tron network. (Courtesy of Dapp Review)
According to the data provided to CoinDesk by the Crypto Flipside blockchain badysis company, the price of tron chips has increased in early January, at the launch of these cash games, and the developer contributions remained stable.
However, Niu, of Dapp Review, was less optimistic about the overall commitment.
"In fact, most users are just fake accounts," he said. "If you are considering the future, I would say that the Ethereum has more potential because many people are working on symbolic standards and other infrastructure."
That said, Niu told CoinDesk that the data from the app transactions suggested that some players were simply using dapps to get tokens, especially in countries that banned the purchase of TRX with fiat.
Meanwhile, Ben Sigman, an EOS lawyer and Sense technical director, told CoinDesk:
"People whose businesses and services are limited by governments will look for new areas of expansion where these limitations and laws are not yet present. This is why games of chance have also played an important role in the early days of the Internet.
Symbolic income
Niu said it was still difficult for open source developers to monetize their contributions to the blockchain ecosystem. Game dams provide a conduit for such revenues, he said.
Marinov, for example, leads a team of 15 contributors. Its chip casino has an average of 1,500 daily users, who identify only with encrypted wallet addresses. The 888tron players wagered TRX chips and received dapper dividend chips for each bet. According to Marinov, $ 9 million of TRX dividends have already been paid in the three months since its launch.
"We intend to organize a company, to create an entity with the necessary licenses, all that is legal, as of July this year," said Marinov. "We are investigating the best jurisdiction."
In total, Marinov estimated that $ 300 million of TRX had pbaded through the 888tron application alone.
In return, offering these developers money gains is ten times better for the Tron Foundation. Players who cashed 888tron tokens contributed significantly to the 15 dp peak of March 15th.
"Blockchain is the best solution for gaming and games," said Marinov. "Tron is a great blockchain. In fact, we had chosen three chain chains, ethereum, EOS and tron. … they [the Tron Foundation] support the developers. "
Roulette image via Shutterstock
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