- The data collection service DappReview has published a new report which shows that Ethereum is the only major cryptocurrency to show growth.
- According to the data collected, both EOS and TRON are recording declining user numbers and transaction volumes.
- The largest growth rate is the DeFi market, which is mainly based on Ethereum, with an increase of 778% compared to the first quarter of 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 has increased by 82.2% to $7.9 billion, compared to the first quarter of 2019, over 13 blockchains considered.
Last year, casino dApps enjoyed increasing popularity, but the transaction volume in this area decreased by 64.4%. Furthermore, the total number of active addresses that proactively used dApps fell by 22.1%. In the first quarter of 2020, 254 new dApps were published across blockchains. This represents a decrease of 60 % compared to the first quarter of last year.
Source: https://dapp.review/article/251
Ethereum remains king in the Dapp market
Overall, the three cryptocurrencies ETH, EOS and TRON account for 99.1% of the total transaction volume. The total transaction volume for Ethereum dApps amounted to $5.64 billion in Q1 2020, an increase of 652% compared to Q1 2020 ($743 million).
The largest growth was observed in the deFi market. The total transaction volume increased by 778% compared to Q1 2019. The most important day in the first quarter of 2020 was March 12, 2020, when DeFi dApps reached a historic high of $326 million. MakerDAO and dYdX accounted for the largest share.
Source: https://dapp.review/article/251
The transaction volume of the financial applications reached $2.95 billion, achieving growth of 1,743 %. In terms of active addresses, Ethereum’s average number of DAA (Daily Active Adresses) was 16,763 in Q1 2020, representing an increase of 55.86%.
TRON Transaction volume down on the previous year
The total transaction volume of TRON Dapps in the first quarter of 2020 was $411 million, a decrease of 73.8% compared to the previous year (Q1 2019: $1.57 billion). Last year, casino dApps exploded with hype, resulting in a daily transaction volume record of $82 million in March 2019.
Source: https://dapp.review/article/251
Currently the transaction volume in the casino sector is stable at $4.57 million. Furthermore, casino apps are almost exclusively responsible for the total transaction volume with a total volume of 92.1%. The total number of active addresses of TRON dApps in the first quarter of 2020 was 237,000 with an average DAA of 25,000, a decrease of 39.48%.
EOS continues to lose users
EOS’ total transaction volume in the first quarter of 2020 amounted to $1.74 billion, down 11.67% compared to Q1 2019. However, the average DAA decreased 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’ transaction volume was generated by casino dApps,$1.61 billion. In Q1, the volume declined sharply (74.95%). Most recently, dApps with barter marketplaces have become increasingly popular, with transaction volumes rising 226.26% from $386 million to $1.2 billion. Currently, this area accounts for 72.55% of the total transaction volume.
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The DeFi market undoubtedly has the greatest potential at present. As ConsenSys recently reported, the DeFi market could reach a volume of several billion US dollar in the near future. However, it remains to be seen whether the high expectations can be met in the long term.
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