EOS’s Loss is TRON’s Gain As It Officially Becomes the Second-Largest Dapp Ecosystem

  • Defi apps saw the “most impressive” growth while the investment hype of gambling dapps dwindling
  • Ethereum a go-to choice for gamers & financial dapp users while gambling and high-risk dapps rule TRON
  • One dapp causes all the pain to EOS

In 2019, just like price decentralized applications (DApps) sector also saw a boost. The number of dapp users doubled last year in comparison to 2018, with 2.77 million new users, as per the Dapp.com 2019 Annual Dapp Market Report. However, not all of them were active, only 348k old users, 11% of all active users, remained active.

The report finds that nine leading blockchains recorded transactions of 3.26 billion, a whopping more than 2.3 billion belonged to EIDOS on EOS alone.

Interestingly, financial services, like lending dapps registered the “most impressive” growth as the number of financial dapp users increased by 610% while transaction volume by 251%. DeFi dapps are the second-largest category with a total of 1 million active users.

When it comes to gambling users, they increased by 372%, the same as the high-risk dapp users’ growth. However, their investment/presale hype has weakened and its volume dropped significantly, 60% compared to 2018.

Ethereum a go-to choice for gamers & financial dapp users

When it comes out smart contract platforms, Ethereum remained the king with the launch of 690 new dapps and over 1.4 million active users throughout the year, accounting for 10% of the total amount of active users. But recorded one of the lowest activities at 62%.

About half of active Ethereum dapp users have used DeFi apps as evident from the fact that 70% of the volume generated by Ether was through the use of DEXs and financial services.

It also remains the first choice for game developers, having over 200k gamers, which is twice the sum of EOS and TRON games.

Gambling and high-risk dapps rule TRON

Ethereum is followed by Tron which officially become the second-largest dapp ecosystem. 411 new apps built on its blockchain last year. The number of TRON’s mainnet accounts has grown significantly. These over 3.260 million new accounts have been driven by its partnerships, especially with the Samsung, Opera, and issuance of TRC-20 standard USDT.

The TRON-based USDT has actually surpassed $900 million, which is about 20% of the total USDT supply. Gambling and high-risk apps, however, still dominate TRON, accounting for over 75% of the active users and volume.

One dapp causes all the pain to EOS

EOS has taken a beating by seeing only 260 new dapps but they generated a volume of $5 billion, nearly 50% of the total volume. This volume surpasses those of Ethereum and Tron to emerge at the top. They also have the highest activity among all the platforms, reaching 97%. The highest dapp usage rate from its mainnet accounts at 48.9% is also of EOS.

The most important launch on EOS was EIDOS that increased the number of transactions by over 4 times. Prior to its launch, EOS has the largest number of daily active users that dropped by 80% after EIDOS went live on Nov. 1. Although EIDOS’s unique on-chain users were only 2.8% of the total active users on EOS, they contributed 85% of the total amount of transactions.

The migration of its most active dapps EOSbet (Earnbet), Prospectors and Karma to Wax Blockchain also caused great loss to the EOS ecosystem in 4Q19.

TRON (TRX) Live Price

1 TRX/USD =$0.0166 change ~ 0.92%

Coin Market Cap

$1.11 Billion

24 Hour Volume

$105.9 Million

24 Hour VWAP

$0

24 Hour Change

$0.0002

Original source: https://bitcoinexchangeguide.com/eoss-loss-is-trons-gain-as-it-officially-becomes-the-second-largest-dapp-ecosystem/

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