Ethereum’s decentralized applications (Dapps) also seem to be feeling the effects of the downward trend in the crypto-money market. From May to October of this year, the volume of users of all Ethereum DApps dropped from a peak of 32 thousand users to just 14 thousand, although in July it dropped to a minimum of 4 thousand.
The average number of users of all network applications remained around 10,000 per day in the last two months. According to data from the DappRadar statistics page, the Ethereum network currently has 988 active applications, of which only three exceed one thousand users per day.
The historical maximum of users/day was registered on May 18, 2018, when more than 32 thousand people interacted with some of the active applications in Ethereum. Around this time some games were released that quickly reached popularity, such as Ether Cartel and Ether Shrimp Farm.
However, the daily traffic of the Ethereum Dapps has largely fluctuated below 17,000 this year. Last month the maximum number of users in a day reached only 12,265.
The application with more users in the ranking of Dappradar is 333ETH, with about two thousand users in the last 24 hours. This Dapp is qualified as “high risk”, as it is an investment platform that promises a return “for life” to users. There are accusations about this application that qualify as a Ponzi scheme. Even the MetaMask crypto coin wallet service recently decided to block it from its platform. It is striking that of the first fifteen dApps in the ranking, five are “high risk”.
In second and third place on the list are two exchange houses, Idex and ForkDelta, with traffic of 1,350 and 1,000 users in 24 hours. From the fourth position, no application has a thousand or more users in one day.
As for the volume of ether traded through the Ethereum Dapps, at its highest level in September it reached more than 36 thousand ETH. This figure has stayed below 25,000 ETH since June. It should be noted that the record figure for the volume traded by all applications is 96.6 thousand ETH.
Decentralized applications are programs whose operation depends on the user community, since there are no intermediaries between their creators and those who use them. Ethereum was created essentially as a decentralized platform for the operation of this type of applications.