Ethereum, the second largest cryptocurrency and a platform with the largest number of DApps and developers in the industry is witnessing severe stress. Almost 86 per cent of the DApps have zero users today and 93 per cent has no transactions.
Clearly, the stats reveal that the industry is facing tough times to bring cryptocurrency to masses, overcome multiple hurdles and onboard new users. Ethereum has 40 per cent more developers associated with the platform than its closest rival.
Of the 1,375 live ETH DApps, only 200 DApps have active users and 103 DApps have transactional volume. The problem isn’t only with Ethereum, out of total 1,828 live DApps, 77 per cent have zero users and 85 per cent have no transactional volume.
There are now 1375 live ETH dApps.
86% of them had 0 users today.
93% of them had 0 tx volume today.
Across all platforms there are now 1828 live dApps.
77% of them had 0 users today.
85% of them had 0 tx volume today. pic.twitter.com/jUHZYuhPTz
— Kevin Rooke (@kerooke) February 10, 2019
If we look at the top 10 Ethereum DApps on DAppRadar, it comes out that 7 out of 10 high performing DApps are from gaming or gambling categories with three other being exchanges. The same problem exists with TRON and EOS, as gaming and gambling lead the charts.
All the stats showcase that the crypto ecosystem is nowhere near maturity and still evolving, and cryptocurrency prices are totally driven by speculation, not usage.
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