Another company that is doing big things on the blockchain is Tron (TRX-USD). Established in 2017, the company offers a comprehensive network for decentralized apps (dApps) that run independently on its network.
Tron has three distinct features that give it a competitive edge: high transaction throughput, low costs and advanced governance. These features have elevated the company’s position in the decentralized web as they remain crucial for the efficient operation of dApps. Tron has quickly become the go-to platform for users seeking fast and scalable solutions.
The company appeals to a broad user base through its platform’s diverse selection of dApps, which include apps across the finance, social media and gaming sectors. Tron’s acquisition of the file-sharing company BitTorrent helped increase transaction volumes on its blockchain network.
These innovations helped the company build a user base of nearly two million daily active users and attain a market cap of $10 billion. As Tron continues to enhance its ecosystem and expand its DeFi offerings, its growth potential remains limitless. Investors willing to bet on the future of blockchain will find Tron one of the most coveted cryptos to buy.