Dapps are new type of applications, decenralized apps that run on blockchain networks, such as Ethereum. The applications are called “decentralized” because blockchain platforms like Ethereum are decentralized and run on various servers or computers around the world, instead of on one server or computer controlled by a single person or organization.
For the majority of the last couple of years, Ethereum was the single blockchain that completely dominated this blockchain use case. However, last summer saw a launch of two important competitors Tron and EOS that ballooned to the top of the ranks, outranking ethereum on several metrics.
We won’t go into the architectural design and long-term viability of both tron and eos in this article. But thanks to their different approach to the scalability and decentralization dilemma, dapps that run on top of these blockchains dwarf the ethereum dapps in terms of number of transactions but also number of daily users.
According to Dapp.review, there are currently 2555 dapps on these three major blockchains with 211,119 users that ran these apps in the last 24 hours.
Even though EOS dapps boast higher transaction speed and number of users, Ethereum still hosts vast majority of the dapps, with the number steadily increasing.
EOS had 887k users in the last 7 days, ahead of tron’s 492k and ethereum jotted down a modest 92k users in the last week. There is a similar ratio between the blockchains when it comes to transaction numbers. Transaction value denominated in USD is a bit more equalized since ethereum transactions have a higher median USD value.
There are 1716 dapps on ethereum, 482 on eos and 357 on tron.
As for the utility and nature of these dapps, eos and tron are almost 99% hosts to gambling and gaming dapps with fairly sketchy teams and motives behind them.
While you are here, have a look at our Tron [TRX] price prediction for 2020.
Ethereum on the other hand, enjoys the growth of some truly innovative and potentially very useful dapps, most importantly in the realm of decentralized finance – DeFi. MakerDAO, Compound and Darma protocols are some of the more notable projects from the sector.
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