Who Leads The dApp Race

Currently, ETH has 50 Million+ registered wallets, followed by Tron and EOS which have approx 1 Million+ each registered wallets. Most of these ETH wallets are for the store of value. Very few users proportionally have experienced the dApps built in these platforms.

Today total 2000 dApps exist which has a combined user base of close to 175k + daily average users. ETH obviously leading the chart with 1350 dApps followed by EOS and TRON who has 300 and 185 respectively.

dApps leading stats – Gambling and Gaming apps rule the space:

Today, Blockchain platforms (or dApps) are mostly utilized for the purpose of gaming or gambling. Nearly 79% of the users are either in gaming or gambling based dApps. This pattern is similar to mobile applications in iOS or Android.

‘Epic Dragon‘, a gambling decentralized app hosted in TRON network leads with the 7.5 K daily user followed by another TRON based dApp game ‘Play Goc‘ which has 7.2 K daily active users. In terms of transaction volume, ‘Tronbet‘, a gambling app leads with 3.4 Million $ in daily transaction volume.

While currently, EOS is leading in terms of transaction volume as well as the number of users, Tron dApps have bagged 1st, 2nd and 3rd place by the number of users.

Tron will eye on overtaking the top position with its soon to be launched BitTorrent dApp which may attract 100+ Million mainstream users of BitTorrent. If successfully implemented, it will show blockchain use case to mainstream users and may seal the lips forever for those who said ‘does blockchain has any adoption?’.

Despite ETH being the pioneer in smart contracts and hosts the largest number of dApps, the popularity of userbase in EOS and TRON could be credited to the scale at which these platforms process transaction. Both could potentially reach to access of 10,000 transactions per second in comparison to ETH which can process 15-20 transactions per second.

Decentralized Exchange:

Currently, IDEX – ETH dApp exchange has the highest 24hr transaction volume (410K $ with 834 users) among all DEX. This could soon be challenged by Tron DEX ‘TRON Trade‘ which currently has 848 active users with 360K $ transaction volume in the last 24 hr.

Not far away, another TRON DEX ‘TRX Market‘ which currently has 2,200 active users with 180K $ transaction volume in the last 24 hr. Huobi and Bitfinex both plan to develop and pilot EOS decentralized exchange in 2019. This may give stiff competition to ETH & TRON based DEX.

Comparison table (dApp stats as of 8th Feb 10:00 CET time)

Are ETH days out numbered

ETH, by comparison, has the largest developer community, however, it will not be much of sweat for the developer to transition to other platforms who seek speed and lower transaction fee.

There are plenty of blockchain platforms in the race providing better efficiency. Therefore, chances are that ETH may lose ground to uprising new faster platforms.

ETH popularity and smart contracts which have been widely tested and applied will continue to attract the attention of enterprises. Not to forget planned ETH developments which will improve its efficiency and scale.

Could ETH continue to claim a dominant position in the future as a leading platform for building decentralized applications?.

Given the above perspective, ETH will more likely be seen as an advantage in the eyes for enterprises who just started to look at blockchain for solving business challenges, but may lose attention from experienced dApp developers who might opt for EOS/TRON and other upcoming blockchain platforms like Zilliqa, Chromapolis, Aergo etc.

One thing is sure, 2019 will bring a lot of competition in the blockchain space and the ones who could sell well, will gain momentum.

NOTE:
– All stats and analysis are based on the last 24 hour data collected from various sources on 8th Feb at 10:00 AM CET.
– Majority of our analysis is based on data from dAppRadar.
– The stats have been approximated to the closest integer.
– The research was limited to the top 3 dApps platform ETH, EOS, and TRON.