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Home » Nearly One Fifth Of Transactions On TRON’s Top Ten gambling dApps Are Bot-Driven: Report
Nearly One Fifth Of Transactions On TRON’s Top Ten gambling dApps Are Bot-Driven: Report
Nearly One Fifth Of Transactions On TRON’s Top Ten gambling dApps Are Bot-Driven: Report
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Nearly One Fifth Of Transactions On TRON’s Top Ten gambling dApps Are Bot-Driven: Report

Bots are taking over – at least when talking about gambling-related decentralized apps which are abundant on the Tron’s network, it’s true.

A recent study by analytics startup AnChain reveals that about 31% of the accounts on the top ten gambling-related Dapps on Tron’s network were bot-driven. Moreover, about 19 percent of transactions were also controlled by bots.

The firm surveyed TRON’s top ten gambling dApps during the Q1 of 2019. It estimated that about $270 million of dApp volume is operated by bots.

Decentralized gambling apps on Tron’s Network are also putting several customers at risk. Earlier in the year,
Doo Tron a gambling Dapp based on the Tron network, disappeared in thin air with several players left with useless tokens.

According to the estimates over 59 million DOO tokens owned by 1,204 investors, were still in circulation when the platform just disappeared.

The number of decentralized gambling applications has risen in the past year, and the TRON network is the preferred choice of developers. Over 50% of the DAPPS on the Tron’s Blockchain is related to DAPP’s.

Cryptocurrency gambling is becoming increasingly popular. Recent research by Rutgers University finds that over 50% of people actively involved with Gambling are also into trading cryptocurrencies.

The study published in the journal Addictive Behaviors also finds that over 75% of traders and investors who trade in high-risk stocks also trade in digital currencies like the Bitcoins.

About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at [email protected]

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