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No Dice: Ethereum Loses dApps Race to EOS and Tron

  • Alex Morris
    📊‍ Infographics

    Ethereum has already lost the majority of its market share in the dApps department to the two rivaling networks that offer considerably better speed   
     


No Dice: Ethereum Loses dApps Race to EOS and Tron
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With such innovative features as smart contracts and decentralized applications (dApps), Ethereum took the market by the storm, and many predicted that it would surpass Bitcoin at one point. However, the O.G. coin is losing its luster with EOS and Tron winning the dApps race.  

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Lean times for Ethereum

The report, which was revealed exclusively to U.Today by analytics firm Dapp Review, vividly shows that that the total volume of Ethereum dApps is sitting at $256.31 mln while EOS and Tron boast $1.72 bln and $1.64 bln worth of transactions respectively. The two networks that are branded as Ethereum killers also greatly outperform Ethereum when it comes to the total number of transactions.

The graph below shows that the number of daily dApp users on the Ethereum network plateaued throughout the first quarter. Meanwhile, both EOS and Tron experienced incremental growth in that department.

No Dice: Ethereum Loses dApps Race to EOS and Tron       

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Gamblers are to blame

As reported by U.Today, the exodus of gamblers, who were deterred by high network fees and the speed of transaction.  is one of the main reasons why Ethereum is hitting a snag. DappRadar has discovered that 72 percent of all dApps that are run on EOS and Tron are related to two categories – gambling and high-risk. For comparison, Ethereum, which used to dominate this niche, only has 8 percent of dApps that can fit into the two aforementioned categories.


Cover image via u.today
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Institutional Interest in Bitcoin Continues to Grow: Report

  • Alex Morris
    📊‍ Infographics

    Institutional Bitcoin trading volumes have been on the rise since the beginning of April, but there is only one winner in this game
     


Institutional Interest in Bitcoin Continues to Grow: Report
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According to a new study published by Blockchain research firm Diar, institutional Bitcoin trading volumes are growing for the fourth consecutive month. The fact that the number of CME futures contracts skyrocketed since the beginning of April is the icing on the cake.

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CME’s dominance

 As reported by U.Today, CME Bitcoin futures saw their daily trading volume increase by a whopping 950 percent with 22,542 contracts on Apr. 4. In fact, the sudden rise in Bitcoin price was linked to the expiration of CME futures.  

So far, that level of interest remained steady with 11,873 contracts traded on Apr. 11.


Institutional Interest in Bitcoin Continues to Grow: Report

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The only winner

With CBOE pulling the plug on Bitcoin futures due to its inability to compete with its Chicago-based rival CME, there is a clear winner in this race. While Diar calls CBOE ‘the biggest loser’, Grayscale's Bitcoin Investment Trust (GBTC) is not exactly on the winning side, either. It now accounts for 24 percent of the market, lagging behind CME (a far cry from its 50 percent market share back in January 2018).

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New heights

The dominance of institutional products has been steadily rising since January. As of April, institutional money is responsible for 19 percent of the total Bitcoin trading volume (almost 8 percent more than during the market peak in January 2018). However, it has yet to match its 24 percent market share that was recorded in July.

Cover image via u.today
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