Ethereum, EOS And Tron Continue Growing Number Of Dapps But Fail To Attract More Active Users

Growing Number Of Dapps Fails To Attract More Active Users

Decentralized applications (dApps) are applications that run on a P2P network of computers rather than a single computer. dApps have existed since the advent of P2P networks. They are a type of software program designed to exist on the Internet in a way that is not controlled by any single entity.

A recent report from DApp.com insinuates that Tron (TRX) is witnessing the fastest growth for user base in 2019. Heavily outpacing its rival, Ethereum, as their user base is continuing to shrivel. Ethereum’s user base was observed to be decreased by 4% when compared with last year. The number of active DApp users seen via the Tron blockchain has amassed over 300,000, versus EOS around 260,000. In addition, by the end of Q1 2019, the number of Tron wallets reportedly exceeded $2.3 million and about 15.46% of them interacted with DApps.

A majority of these are gambling apps. This is where EOS and TRON took the lead, and it was noticed by TheNextWeb's David Canellis that high numbers of gamblers are massively leaving Ethereum dApps. Back in late January, only 2% of all Ethereum's transaction volume came from gambling dApps. On the other hand, EOS' transaction volume coming from gambling dApps was a massive 70%. However, even this is nowhere near TRON, which had as much as 95% of its transaction volume coming from online betting.

If we look at the traffic of the three networks in the last 7 days, EOS led with 887k users, Ethereum which was ahead of Tron with 592k while Ethereum were far behind with only 92000 users.

There seem to be 2555 dapps on the major 3 networks with 211,119 users that ran these apps. Ethereum by far has the majority of dapps with 1716, followed by EOS with 482 and 357 on Tron. TRON has the fastest growing decentralized application (DApp) user base of any cryptocurrency network on the market.

In addition to the growth in Ethereum-based DApps and the overall decentralized application marketplace, multi-chain development is on the rise, “many Ethereums dapps [expanded] on multiple chains, such as Ethereum + EOS or Ethereum + Tron.” Overall, the four blockchain platforms accounted for $3.2 billion in total transaction volume through the first 3 months of the year.