It seems like decentralized finance dApps are experiencing “huge growth” as we speak, according to a new report. The DeFi improved Ethereum’s dApps and the ETH news show that the blockchain powered services are leading the way in the market.
According to a Dapp.com report now shared on many news sites, in Q3 of this year “more than $525 million (USD) was performed by finance services dapps (decentralized apps).” The report also shows that 27.6% of all dApp users began using decentralized apps so they could access financial service offerings.
Meanwhile, the ETH-based DeFi improved Ethereum’s dApps which account for the vast bulk of the figure – and today make up even 88% of the total volume in the finance sector category. This report is featured in the blockchain news today and according to DeFi Pulse, the Ethereum-based lending service Maker (MKR) is still something of a monolith in the DeFi scene and has a dominance rate of almost 51%.
The Dapp.com data also shows that Ethereum-powered DeFi apps picked up 310,000 new users in Q3 which is the largest quarter-on-quarter growth rate to date.
“Most of the active Ethereum dapp users in Q2 didn’t use any ETH dapps in Q3 – there are only slightly more than 80,000 ETH holders used dapps in both Q2 and Q3. But the wave of DeFi has given the best growth for Ethereum dapp users,” according to the report.
The figures also show that the Ethereum blockchain still has the largest amount of dApps, with more than 1,721 out of a grand total of 2,791. EOS and Tron followed behind with 466 and 467, respectively.
Meanwhile, the Ethereum latest news also show that gambling and gaming dApps remain favorites – and there are 439 out of all 1,350 active dApps and 44 out of 148 new dApps devoted to betting and other forms of gambling. It seems like DeFi improved Ethereum apps a lot over the past years.
Even though the user activeness is down from Q2 at more than 30% in losses, a whopping 58% of the Ethereum dApp transactions in Q3 were actually DeFi and finance-related, making up for the total volume of over $466 million in USD.
The report also examined data from dApps built on the aforementioned platforms as well as platforms like Steem, TomoChain and IOST. The authors stated that they discounted data from dApps which appeared fraudulent, had security issues or featured sensitive contents.
Antminer E3 Stops ETC Mining While ETH Has 1 Month Left
‘’E3 is related to eth algorithm, and DDR capacity is up to the upper limit, so E3 will not be able to continue mining (...) the meaning is E3 only can mine to January 2020, then will not mine again.’’2Miners calculated that Ethereum (ETH) mining will be terminated in about five weeks as it is a few epochs later than the older version. Among the first speakers within the crypto community that discussed the story was the author of Ethereum’s mining algorithm Kristy-Leigh Minehan who considered that this could lead to the launch of more capable miners. Bitmain is more focused on Bitcoin mining solutions and Mrs. Minehan suggested waiting for the release of the main competitors Canaan and Innoscilion. As per the previous reports, The hashrate is one of the metrics that can assess how healthy a network is. The higher the hashrate, the more secure a network will become and it also becomes much expensive to mine the cryptocurrency. Ethereum Classic saw its hashrate explode previously during a sign of growing strength so the ETC network is arguable now more secure than ever before.
Ethereum Core Developers Move Forward With ProgPOW Update
“I have not seen any evidence that there is an ideological or people willing to step up and actually have a network split. If I’m wrong I’ll resign as hardfork coordinator.’’Ethereum split once before with the ‘’DAO’’ which was the first attempt to a so called decentralized autonomous organization where more than 3.6 million ETH was exploited. Core developers decided to refund the affected users and the dissenters later formed Ethereum Classic in response. At least two projects were opposed to ProgPOW including SpanChain and the Gnosis projects. The executives of the projects were invited to voice their concerns about the next core developer meeting but this will likely won’t change the decision of the team: “There will be plenty of time for open dissent that won’t really change the decision, necessarily, because we’ve already gone back and forth and approved it twice.” ASIC resistance was a core consideration for Ethereum and the first version of the whitepaper explained how the distribution process of Ethereum will be performed through easily-accessible computer hardware which was more favorable for the community and the decentralization of the token. The leading mining hardware firm Bitmain developed an Ethereum ASIC in 2018 and in 2019 Canaan released an ASIC that was 5 times more efficient than comparable consumer hardware.
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Enjin Goes Live On The Ethereum Mainnet: Report
“Simple, great user experience is one of the core product design philosophies at Enjin, and we made damn sure that the Web Panel is minimal, straightforward, and clean.’’The process of creating a new blockchain project is not so complex and it can be done in four steps. The process doesn’t require any coding knowledge but while the Enjin platform web panel enables the codeless creation and management of the blockchain assets, the developers will have to employ Enjin platform API and SDKs when the time will come to integrate those assets with games and apps. The platform API is graphQL based while the Platform SDKs include Java, NODEJS, Godot and Unity. According to the company, the Enjin platform will be powered by Enjin Coin and will serve as the ultimate minting resource and used to back the value of the issued blockchain assets. While the Enjin platform is a relatively new platform, the company was present in the crypto space for more than 10 years. Enjin’s huge ecosystem is preferred among gamers and with partnerships with major companies such as Unity, Samsung, and PC Gamer, the platform has a strong presence in the gaming industry. When it comes to future plans, the company said to be working on a new way to distribute blockchain assets via QR codes.
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