DappReview Launches dApp Market Report For The First Half Of This Year
- DappReview launches new dApp market report focused on Ethereum, Tron and EOS
- IOST has also been analyzed as an important player in the space
DappReview has just released its first-half decentralized application (dApp) report in which they analyze the dApp market and check the performance of different blockchain networks and decentralized applications in the crypto space. DappReview is the largest dApp platform in the market tracking more than 3400 dApps across 10 public chains.
The report starts by making a comparison between four different popular blockchain networks in the market, including Ethereum (ETH), Tron (TRX), EOS and IOST. The fastest growing network in terms of new dApps seems to be Tron with 414 new dApps deployed on its network. Ethereum is the second fastest growing network with 361 new dApps deployed followed by EOS with 310 dApps and IOST with 29 dApps.
In terms of active users, Tron remains as the leader with 710.7k users registered by DappReview, followed by EOS with 520.9k users, Ethereum with 465.1k and finally IOST with 27k. EOS is the clear winner in terms of transactions with 742.1 million and followed by Tron with 192.3 million. Surprisingly, IOST registered 88.3 million transactions compared to 11.7 million of Ethereum.
EOS has also been the winner in term of volume transacted in US dollar with 5.6 billion, followed by Tron with 3.5 billion, Ethereum with 1.45 billion and finally IOST with 0.45 billion.
The report explains that during the first half of the current year, the dApp market has been in a healthy growing mode. The number of dApps on the four networks reached 2946 and the total transaction volume surpassed $11 billion.
Most of the new dApps added were categorized as Casino applications, followed by Game dApps, and high Risk, among others.
Since the beginning of the year, the peak of daily users was registered at the end of April, with almost 250,000 daily active users in Ethereum, Tron and EOS, being EOS the dominance network among the three and followed by Tron. As per the report, the average daily users of Ethereum, Tron and EOS reached 13k, 49k, and 26k respectively.
During this first half of the year, the dApp users of all the three networks surpassed $10.6 billion. This is a massive increase compared to just $5 billion in 2018.
DappReview report shows that 39 new dApps on average were added per month on the Ethereum network. Each month, 86 of them turned inactive, which means that many of them were not able to last a long period of time in the market. 37.61% could not even last more than two weeks.
MakerDAO, FCK and IDEX were the dApps most frequently ranked among the monthly top 5 transaction volumes. Regarding the monthly active users (MAU), Heros and IDEX were the ones most frequently ranked among the top 5 of MAU.
88.29% of the transaction volume on the Tron network went to the Casino category. On average, there were 62 new dApps launched on Tron and 42 Apps went dead each month. 36.27% of the dApps added in the last six months could not last more than two weeks operating.
TRONbet and TronTrade were the dApps most frequently ranked among the monthly top 5 transaction volumes. TRONbet was also the most frequently ranked dApp among the top 5 MAU.
Finally, 82.43% of the total trading volume on the EOS network was registered in Casino dApps. On average, on the EOS network, there were 52 new dApps launched and 45 dApps went death each month. In addition to it, 31.25% of the newly released dApps were not able to last for more than two weeks.
EOSJack was the most frequently ranked among the top 5 in terms of transaction volume, while ENDLESS Game was the most frequently ranked among the top 5 by monthly users.
The report reads as follows:
“Across the three public chains, more than 95% dApp users that played fewer than three dApps, but these users contributed less than 30% transaction volume. Less than 1% users played more than ten dApps, but these folks contributed the majority of the transaction volume.”
The report went on saying that on the Ethereum network, 0.16% of players contributed 95.86% of the volume. On the EOS network, large users (0.4%) contributed 90% of the total transaction volume. Meanwhile, big miners on the Tron network (1.7%) contributed over 68%of transaction volume.