Ethereum still cherished by dapp developers but Ethereum Network’s active users’growth is at its highest since January 2018. Not only this, but the active Dapp users of Tron and EOS are also somewhat showing growth.
According to Q2 2019 Dapp Market Report, Dapp stays strong in Q2 with a total transaction volume of $3.28 billion, somewhat higher than the number in Q1 this year. The number of active users (1,159,482), number of transactions made ($324.63M), amount of transaction volume in Q2 had touched the all-time high. 484 new dapps have joined the market this quarter. Ethereum is still the leading option for developers, accompanied by TRON and EOS.
Recently launched blockchains like TomoChain and IOST are swiftly growing but the first tier blockchains have already moved way ahead. Users are becoming active. Over 700,000 new users began using dapps (at least once) in Q2 – the highest ever in one quarter. And among the 6 blockchains, over 35% of the existing dapp users used dapps at least once in Q2 – also the highest ever.
In the case of ETH, the user activeness has a definite association with ETH price – the greater the price, the more Ethereum dapp users. And more token holders are transformed to dapp users as the price keep moving up since mid of May 2019.
On the other hand, EOS has the most active dapp user community. Almost 65% of the existing EOS dapp users are active in Q2. And 33.36% of the EOS token holders used EOS dapps, which is the second-highest. Over 80% of the EOS dapps remained active in Q2, the second most active of all blockchains after TRON.
TRON is the most active blockchain for dapps. TRON dapps are the most active and also has the largest amount of active dapp users over Ethereum and EOS. 82% (338 out of 412) of the TRON dapps are active and 445,054 TRX holders used dapps in Q2. The higher the TRX price, there are fewer transactions made to the TRON dapps. TRON is the only blockchain who has a negative association between token price and dapp usage. Over 300,000 new accounts used TRON dapps in Q2. TRON did the most thriving job to get their dapps out to the public and expand their user base.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
A US-based wealth manager has claimed an industry milestone with the launch of the first cryptocurrency derivatives-based yield fund on… Read More
CME Group Inc (NASDAQ: CME ) announced Friday that it will launch options on its Bitcoin futures contracts in the… Read More
Here’s the latest on today’s edition of “Wait, What?!”; A Nigerian man woke up one day to find that NGN… Read More
Share Tweet Send Share The launch of the largest institutional bitcoin product of the year is finally upon us. Can… Read More
Ahead of the launch of Bakkt’s Bitcoin (BTC) futures, bears have continued to assert control over the cryptocurrency market. Ouch.As… Read More