Dapp.com Launches First Quarter dApp Market Report for Ethereum, EOS, Steem and TRON
Dapp.com has released a new report related to the decentralized application (dApp) market in which they summarize the most important data and insights about four blockchains: EOS, Ethereum (ETH), Tron (TRX) and Steem. But which were the findings of this report?
We just released the Q1 2019 dapp market report highlighting the most comprehensive data and insights of dapps on the 4 mainstream blockchains — @EthereumNetw, EOS (@block_one_ ), @SteemNetwork, and @Tronfoundation.
— Dapp.com (@dapp_com) April 9, 2019
Dapp Growth And Activity
During the first quarter of 2019, 504 decentralized applications have been added to the Dapp.com platform. More than half of these listed dApps are Ethereum-based. This shows that although there is a more competitive market, Ethereum is still the number 1 network for developers to build their own dApps.
The report explains that 95% of the EOS dApps remained active. Meanwhile, over 80% of the dApps that were built on top of Steem and TRON had also active users during the first quarter. Meanwhile, 600 different Ethereum dApps did not register a single transaction in the last three months.
Dapp.com shows that TRON dApps had more than 300k active users. The network was followed by EOS with 260,000 active users. Additionally, the number of wallets created on the Tron network has also exceeded $2.3 million. Nonetheless, the growth of new users is related to gambling dApps that brought 350,000 users.
At the same time, the growth of dapp users didn’t grow as the number of Ethereum mainnet wallet addresses. The percentage of dApp users fell 4% in just a year. Most of the volume in the Ethereum dApps is related to decentralized exchanges (DEX) – with more than 50% of the volume – and gambling dApps.
EOS had usually had a dominance of gambling dApps. As Dapp.com explains, the EOS network had 99% of its volume from these gambling applications. Nevertheless, the dApp ecosystem changed for EOS and it has become more diverse than never before. There are now more games and financial service platforms being built on top of EOS.
Steem has also been moving away from its social dApps and started to onboard new developments related to gambling. As reported by SimilarWeb, Steemit, the largest dApp on Steem has 10 million monthly visits. However, only 100,000 have a real activity on the platform.
About Tron, the report reads as follows:
“TRON was the fastest growing dApp ecosystem in 2019. Both the number of mainnet wallets and the number of new dapp users had the highest growth rate. Notably, roughly 85% of TRON’s dapp users had also used dapps in Q1, which was the highest user activeness among the 4 blockchains.”
Tron has also registered a very large number of transactions that surpassed $91 million on March 15, much more than Ethereum and EOS dApps.