No Dice: Ethereum Loses dApps Race to EOS and Tron

📊‍ Infographics
Sat, 04/06/2019 - 10:45
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

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

Cover image via U.Today

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.  

Must Read
Tron Exceeds 2.3 Mln Accounts, DApp Number Hits 246: Tron Weekly Report - READ MORE

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       

Must Read
Tron Exceeds 2.3 Mln Accounts, DApp Number Hits 246: Tron Weekly Report - READ MORE

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.

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
Ethereum (ETH) Trading Volume Soars 4 Times – Are Traders Buying Hoping for Price Rise?

Ethereum (ETH) Trading Volume Soars 4 Times – Are Traders Buying Hoping for Price Rise?

Justin Sun of Tron (TRX) Offers 1000 BTT to Every FCoin User who Migrates to Poloniex

Justin Sun of Tron (TRX) Offers 1000 BTT to Every FCoin User who Migrates to Poloniex

Crypto Hacker Hits BZX DeFi App Again Stealing $635,000 in Ethereum (ETH)

Crypto Hacker Hits BZX DeFi App Again Stealing $635,000 in Ethereum (ETH)