Dapp.com’s “2018 Dapp Market Report” provides insight into four mainstream blockchains; Ethereum [ETH], EOS, Tron [TRX] and Steem [STEEM].
The report dwells deep into the contribution of each of the aforementioned blockchains in DEX and Dapps ecosystems and also gives an overview of the individual markets.
In 2018, Dapps flourished and reached their peak and the report calls it “Dapp Movement” even though the bear market had struck every cryptocurrency down. Over the year, a total of $6.7 billion in revenue was generated through these Dapps.
DEX [Decentralized Exchanges] also became a core contributor to the Dapp market, as the report mentions that 40% of the total transaction volume for Dapps came from DEX.
The report mentions that a total of 1,423 Dapps were developed at the end of 2018, of which, 1,045 belonged to Ethereum’s blockchain, 235 came from EOS’ blockchain, 97 from Tron, and 46 from Steem.
The total volume of transactions of all these Dapps in conjunction came up to $6.73 billion and DEX contributed a total of $2.61 billion.
Annual Dapp Summary
Ethereum EOS Tron Steem
Dapps: 1045 Dapps: 235 Dapps: 97 Dapps: 46
Total Active Users: 797,153 Total Active Users: 171,170 Users: 71,832 Users: 386,772
Transactions: 20,868,975 Transactions: 107,161,794 Transaction: 98,496,106 Transaction: 52,860,766
Volume: 4,998,320 ETH Volume: 939,209,910 EOS Volume: 36,394,015,674 TRX Volume: 7,471,405
Ethereum blockchain generated a total of $2.66 billion from 1045 Dapps in the year 2018 and 78% of the volume came from DEX.
EOS, on the other hand, generated a total of $3.45 billion from a total of 235 Dapps and 75% of its volume came from betting apps.
Tron generated $605 million from 97 apps and 98% of the total volume came from betting as well.
Steem, however, generated $6.42 million from 46 Dapps.
From the above, one can conclude that while the Ethereum blockchain ecosystem saw the most number of Dapps, it certainly wasn’t the one to generate the most volume. EOS blockchain had significantly lesser Dapps but generated the most volume from these Dapps.
EOS was the one to generate the most volume from these Dapps, which was followed by Ethereum, Tron, and Seem.
Q4 Dapp Summary
A total of 258 Dapps were developed in Q4 of 2018 and these Dapps, put together contributed to a cumulative transaction volume of $2.96 billion. The 258 Dapps had a total of 211,358 users and EOS ranked the first in terms of the number of users, as it had a 69% contribution.
EOS was followed by TRX as it contributed 17% of the total number of users, ETH had 13%, while Steem had a mere 1%.
In terms of total transactions, EOS and TRX contributed 50% of the transactions each, while ETH did not make it to the list.
EOS topped again in terms of volume as it contributed a total of 79% of the $2.96 billion, while TRX contributed 20% and ETH had a 1% contribution.
Although Ethereum blockchain seems to have the most number of Dapps it should be noted that Ethereum had the first-mover advantage and Ethereum main net was launched on July 30, 2015.
EOS main net was launched on June 9, 2018, Tron’s on June 25, 2018, and Steem’s main net was launched on March 24, 2016.
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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern
Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:
.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
— Binance DEX (@Binance_DEX) April 18, 2019
The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”
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