Decentralized Applications (DApps) Help Push EOS Adoption Numbers Up In 2019
EOS crypto coin has maintained a top 5 market cap despite the challenges that rocked the industry in 2018. In the last 30 days, EOS value has increased by 25% keeping the large-cap coin at par with its peers.
EOS Tops Decentralized Applications Platforms
One of the major pillars of this blockchain project is its ability to support DApps. This area of tech development is highly lucrative to the gaming industry, especially online gambling casinos. EOS has had its fair share of clients so far with the most recent being a smart-contract oriented gambling ecosystem for ‘Texas Hold’em’ betting. Opinion is however divided on why the game is not an open-source for further network contributions.
Tron which has been EOS close competitor given its DApp nature is still yet to catch with numbers EOS has fetched in the market. The EOS blockchain network currently hosts top 3 most used DApps while Tron follows closely. However, both networks use a delegated proof of stake (DPOS) hence their popularity when it comes to efficiency.
Today, the most popular DApps on the EOS platform include ENBank, EOS Knights, CandyBox and PRA. On the other hand, Tron has Epic Dragons which is on par with ENBank. CandyBox and PRA are known for the airdrop rewards to network participants who at the moment are over 10,000. Tron founder, Justin Sun, said that their project will soon introduce airdrops as well pioneering with BitTorrent (BTT) crypto coins.
Tron prides itself with a 24-hour transaction volume of 1.6 billion TRX equivalent to $41.1 million which it enjoys from online betting participants leveraging its DApps services. The transaction volumes on Dice, EOS built, indicate roughly $11 million in a day.
Coin Exchanges Boost EOS volumes!
The EOS digital currency is among the favorites for crypto exchanges owing to the diverse nature of its underlying network. Huobi exchange is among the platforms that have taken an initiative to launch an exchange for EOS, the network is supported by 3 exchange pairs which are Bitcoin, Ethereum & USDT. Furthermore, investors have the ability to purchase EOS derivatives within Huobi exchange hence short & long positions.
Another exchange planning to follow Huobi’s track is Bitfinex. The exchange through its CTO revealed that an EOS oriented exchange is being developed. This platform will be known as EOSFinex and is set for launch in Q1 of 2019.