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Ethereum-based dapps dominate the market, note more inactive dapps than other blockchains

Carol Gaszcz
Although Ethereum-based decentralised applications (dapps) still dominate the dapp market, they do not rank highest in terms of user activeness, according to the first quarter of 2019 dapp market report prepared by dapp.com.The post Ethereum-based dapps dominate the market, note more inactive dapps than other blockchains appeared first on The Block.

Although Ethereum-based decentralised applications (dapps) still dominate the dapp market, they do not rank highest in terms of user activeness, according to the first quarter of 2019 dapp market report prepared by dapp.com.

The report covers four blockchains—Ethereum, EOS, Steem, and TRON. Altogether, these blockchains recorded a transaction volume of $3.2 billion, with EOS and TRON processing more than $1 billion transaction volume each.

In this year’s first quarter, 504 dapps were added to the platform, half of them Ethereum-based. dapp.com also notes multi-chain dapps, which use Ethereum as one of the blockchains, are gaining popularity. Ninety-five per cent of EOS dapps remain active, while almost 600 Ethereum-based ones didn’t record a single transaction during that period.

The report states most of the new users drawn to dapps are interested in gambling dapps, which brought 350,000 users to the dapp ecosystem in Q1. EOS, which last year had been practically exclusively used to support gambling dapps, became more diverse, with games and financial service platforms added.