TRX Price has increased with about 5 percent following a strong performance of the entire market, as well as the increasing number of DApps daily active users (DAU).
TRX Price On The Rise
TRX Price has moved up with about 5 percent at the time of this writing, according to information from CoinMarketCap. The cryptocurrency is currently trading at $0.027 and it occupies the spot of the eight largest digital currency in terms of market capitalization.
The move follows that of the entire market. In a matter of hours, the market gained around $10 billion, while Litecoin (LTC) surged with around 30 percent on the day.
Other cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH) also marked major gains. The former raised with about 8 percent, while the latter is currently trading 13 percent in the green.
Number of DApps DAU on TRON Skyrockets
The daily user activities of decentralized applications (DApps) based on the TRON network also appears to be soaring.
Data from Dapp Review shows that their number has increased from 18,500 on January 8th to 62,724 on February 6th.
This is an increase of about 239%. In other words, 44,224 new users have been added to the DApp ecosystem of TRON in the last month alone.
As evident from the chart, TRON has substantially outperformed its main competitors – Ethereum (ETH), which lost 4,275 of its users (around 31%) and EOS, which added 9,534 users (about 14 percent).
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Charts credit to CoinMarketCap, Dapp Review