Source: pedrosek (2)
- Data collection service DappReview released a new report showing that Ethereum is the only major cryptocurrency that is growing.
- According to the data collected, both EOS and TRON are recording declining user numbers and transaction volumes.
- The biggest growth rate is the DeFi market, which is primarily based on Ethereum, with a 778% increase over Q1 2019.
The market for decentralized applications (dApps) on Ethereum, EOS and TRON grew strongly in some areas, with Ethereum remaining the king. According to a new report by DappReview, global transaction volume grew 82.2% to $ 7.9 billion compared to Q1 2019, taking into account over 13 blockchains.
In the past year, casino dApps enjoyed increasing popularity, but the transaction volume in this area fell by 64.4%. In addition, the total number of active addresses that proactively used dApps decreased by 22.1%. In the first quarter of 2020, 254 new dApps were published via blockchains. This corresponds to a decrease of 60% compared to the first quarter of the previous year.
Source: https://dapp.review/article/251
Ethereum remains king in the Dapp market
In total, the three crypto currencies ETH, EOS and TRON account for 99.1% of the total transaction volume. The total transaction volume for Ethereum dApps was $ 5.64 billion in Q1 2020, an increase of 652% from Q1 2020 ($ 743 million).
The greatest growth was observed in the deFi market. The total transaction volume increased by 778% compared to the first quarter of 2019. The most important day in the first quarter of 2020 was March 12, 2020 when DeFi dApps hit an all-time high of $ 326 million. MakerDAO and dYdX accounted for the largest share.
Source: https://dapp.review/article/251
The transaction volume of financial applications reached $ 2.95 billion, growing 1,743%. In terms of active addresses, the average number of DAAs (Daily Active Addresses) from Ethereum was 16,763 in the first quarter of 2020, an increase of 55.86%.
TRON transaction volume below previous year
TRON Dapps’ total transaction volume in the first quarter of 2020 was $ 411 million, a decrease of 73.8% year over year (Q1 2019: $ 1.57 billion). Last year, the hype surrounding casino dApps exploded, resulting in a daily transaction volume of $ 82 million in March 2019.
Source: https://dapp.review/article/251
Currently, the casino’s transaction volume is stable at $ 4.57 million. In addition, with a total volume of 92.1%, casino apps are almost exclusively responsible for the entire transaction volume. The total number of active addresses from TRON dApps was 237,000 in the first quarter of 2020 with an average DAA of 25,000, a decrease of 39.48%.
EOS continues to lose users
EOS’s total transaction volume in Q1 2020 was $ 1.74 billion, 11.67% less than Q1 2019. However, the average DAA dropped significantly by 87 from 85,000 to 11,000.
Source: https://dapp.review/article/251
Similar to TRON, EOS is a popular blockchain for casino dapps. In the first quarter of 2019, 79.67% of EOS’s transaction volume was generated by Casino-dApps, $ 1.61 billion. The volume fell sharply in the first quarter (74.95%). Recently, file sharing dApps have become increasingly popular, with transaction volume increasing 226.26% from $ 386 million to $ 1.2 billion. This area currently accounts for 72.55% of the total transaction volume.
The DeFi market undoubtedly has the greatest potential right now. As ConsenSys recently reported, the DeFi market could reach billions of dollars in the near future. However, it remains to be seen whether the high expectations can be met in the long term.
Follow us on Facebook and Twitter and don’t miss any more hot news! Do you like our price indices?
Comments are closed.