Blockchain App Total Transactional Volume is Down By 40% Via Data from Six Networks

People are not using decentralized apps (dapps) so much anymore. According to a recent report made by The Hard Fork’s Next Web, the dapp transaction volume is down by nearly 40%, hitting just $2.03 billion USD.

Not only the transactions are not as intensive as they were before, but not many new dapps are being launched. Only 148 dapps were launched in the last quarter, this is less than the average of 164 dapps that were deployed monthly in the first half of the same year.

Curiously, more than half of the transactions were related to gambling, which is still one of the biggest use cases of the industry. Decentralized finance apps based on Ethereum, however, are not insignificant and are raising in popularity lately.

The data, which was taken from Dapp.com, shows that most people using Ethereum-based dapps some months ago never returned to them. The activity was only not lower because several new users appeared. Most of them for gambling, but some for the decentralized finance apps.

EOS, on the other hand, is more focused on retaining users. It is not growing as fast as Ethereum or even Tron, but it has more users who decided to remain for another quarter using the services, which is a good indicator that the network will not be abandoned anytime soon.

Tron is getting great results. It has a total of 3.7 million users now, mostly focused on gambling. This makes it the second most popular ecosystem for dapps, losing only to Ethereum, which is around for several years. Tron is the least diverse blockchain, though, as most of its activity is only related to gambling.