New Research Shows EOS, Ethereum and TRON dApp Activity is Slowing in the Past 90 Days
Although EOS is the fourth largest digital asset in the market, it seems that the blockchain network is currently facing some issues and challenges with its development. According to data provided by Longhash, development on EOS, Ethereum (ETH) and Tron (TRX) has slowed down since November.
November, December, January and February seemed to be very slow months in terms of developments for these networks. EOS has registered only 114 commits when there was more than 4,000 in the last three months.
Additionally, neither Ethereum nor Tron were able to be among the most active. Insolar has been the best performing network in terms of development commitments. The development team has been working very hard on this project. Raiden and 0x have also performed very well during the last months.
EOS experienced a boom in Activity before July. However, as the year passed, development on the network dropped down. In 9 months, there have been more than 100 EOS contributors and over 2,700 commits approved. Thus, the network has experienced a 95% decrease in the terms of commitments in just a few months.
EOS has been also generating other controversies such as concerns regarding oversized blocks on its network. Apparently, the chain is so large that there are some node operators that do not want to run the full history process.
Although the number of commits dropped, this does not mean that the network is not being developed or improved. Indeed, the number of developers working on EOS remained stable. Thus, it might be possible for this blockchain project to be releasing slower updates or just have a more consistent schedule.
Another reason behind this decline could be related to the fact that the cryptocurrency market has been operating in a bear trend since January 2018. At the time of writing this article, EOS is being traded around $3.55 and it has a market capitalization of $3.21 billion. The digital asset is the fourth most valuable after Bitcoin (BTC), Ethereum and XRP.