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Dapp Users On EOS Drop By 80% According To Latest Report

Stefan by Stefan
20/01/2020
in EOS News
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Dapp users on EOS drop by more than 80 percent according to the latest market report by Dapp.com where we can see that the number of daily decentralized applications keeps on crashing so let’s find out more in today’s EOS news.

EOS is still the 6th largest smart contract platforms and the reports show a total of 1,445 new dapps launched last year. 690 of these were Ethereum-based and about 411 were built on Tron. These platforms have also started to pull further ahead in terms of user numbers thus forming a huge gap between themselves and EOS. According to the report, EOS was the blockchain with the largest number of daily active users and there are about 80,000 users using dapps on EOS every day. Once EIDOS was launched, EOS’s DAU dropped dramatically to an average of 15,363 which is about 80 percent decrease.

This was made worse by the fact that the daily active EOS dapps dropped by as much as 30 percent since November 2019. This happened mainly because of the fact that a number of EOS’s leading dapps such as Karma and EOSBet, left the blockchain to join Wax’s platform instead. What is even more interesting, EOS generated a volume of about $5 billion and this comprised nearly 50 percent of the total value reaching a top position in 2019. EOS had the largest proportion of active dApps in 2019 while Ethereum had the lowest proportion of active Dapps at about 62 percent and some of this can be accounted for the dapps which have fallen out of usage.

The number of active dapps users last year is 3.11 million and back in 2018 was 1.48 million. This is over the double number of dapps users of 2.77 million of these were the new users in 2019. 348,000 are now active users who were active in 2018. The Dapps landscape of today is much more different from that in 2018 and had an increase in active dapps across the globe which one can assume that the users of today have several more compelling reasons to keep ongoing. One of these reasons is because of the growth in Decentralized Finance dapps so by excluding decentralized exchanges, the number of dapp users has grown by 610% and the transaction volume increased by 251 percent.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: 80% dropCrashdaily active EOS dappsdaily active usersdapp user crashdapp users crashdapp users on EOSEOSeos dapp user baseeos dapp userslatest reportuser base
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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