Dapp.com is an analytics website that tracks decentralized applications available on the internet today. The platform released its 2019 Q2 report a couple of days ago, and TRON occupies the first place in terms of active users on DApps.
The main aim of Dapp.com is to demystify decentralized technologies to assist individual users, developers, and companies to feel more at home using this new technology. From the information Dapp.com gives to the crypto community, it makes it easy for interested parties to join the decentralized environments.
According to the Q2 2019 Decentralized Application Market Report, decentralized applications or DApps have managed to remain strong in Q2 2019 performing more than it was expected.
According to the report, the total transaction volume increased to about 3.28 billion US dollars while the number of transactions recorded and amount of transaction volume recorded for the Q2 period touched an all-time figure of approximately 1,159,482 and 325 million respectively. During the second quarter, 484 new decentralized applications (DApps) were introduced to the market, which was significant growth in comparison to the previous quarter. Dapp.com states,
“484 new decentralized application was introduced to the market in Q2. At the time of writing, Ethereum, the number two ranked crypto asset by market cap, remains the first option for developers, followed by Tron and EOS.”
The platform added,
“Recently launched blockchain technologies like TomoChain and IOST are quickly creating a name for themselves in the market, but the first tier blockchain technologies have already gone way ahead.”
Also, according to the Dapp.com market report, Q2 saw a new record for active users being set at 1,159,482 as well as best performance for transactions and transactional volume. Over 700,000 new users used DApps at least once in Q2, marking the highest number in one quarter.
According to @dapp_com, #TRON was the platform with the largest growth of new users in the second quarter. With adding 310,503 new users, #TRON's overall size of active users surpassed #Ethereum to reach the first place. #TRX $TRXhttps://t.co/7aufzd5MWg
— Justin Sun (@justinsuntron) September 11, 2019
According to the report, 35 percent of the existing decentralized application users used DApps at least once in the Q2 period among the six blockchain platforms. This is the highest number of user usage ever recorded in one quarter.
In the case of Ethereum, user activeness usually has an active association with ETH prices where the more significant the ETH price, the higher the number of Ethereum DApp users. Since mid-May 2019, more and more token holders are being transformed to DApp users daily as ETH prices keep on appreciating.
On the other hand, EOS has a high load to prove the massive investment it raised during its funding stages. In regards to user activeness, EOS has the most active DApp user base with more than 65 percent of its users using DApps in Q2 2019. According to the report, about 34 percent of EOS holders have interacted with EOS Decentralized Applications at least once which is the second-highest after the number 2 ranked crypto asset by market cap, Ethereum.
According to the report, EOS owes its Gaming applications credit for its significant trading volume, which is responsible for more than 65 percent of the transactions. However, a recent publication has revealed that its not actual humans who transact on the EOS platform. According to the release by AnChain.AI, EOS is guilty of extensive malignant bot activity on its network.
According to investigations, about 50 percent of special Bot accounts were found to be responsible for about 75 percent of the total transactions on the EOS platform. These damming revelations are based on scrutiny of the top 10 Gaming decentralized applications operating on the EOS platform, which account for 65 percent of the transactions.
Given the fact that Bots are software applications that run automatic tasks over the internet, Bots are employed to enhance DApp rankings through bot transaction on the EOS platform. By doing this, the bots manage to increase the liquidity of DApp utility tokens, earning good returns on payout dividends or even interrupting competing DApps by clogging them with traffic.
Although Tron has the most significant number of active DApp users in the market, it takes the third position. According to the report, 82 percent of all Tron decentralized applications, 338 out of 412, stayed active in Q2.
Contrary to Ethereum and EOS, Tron appears to have a negative association between its active users and token price. The fewer users the Tron DApps register, the higher the Tron (TRX) prices and vice versa. According to the report, Tron grew the most throughout Q2 out of all the surveyed platforms.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.