EOS and Tron (TRX) lead in DApp usage as crypto research firm states that 90% of Ethereum dApps have no users


  • A report by crypto research firm, Longhash, stated that 90% of the DApps built on Ethereum had no active usage.
  • According to DappRadar, only 3 out of the top 50 DApps are on Ethereum while 26 are on EOS and 21 on Tron.

Crypto research firm Longhash stated on their report that only 10% of the DApps built on Ethereum had any active usage. Around 90% of Ethereum DApps had little to no users on it. Of the top 50 DApps on DappRadar, a DApps analytics website, only 3 were built on Ethereum while 26 were on EOS and 21 on Tron. Currently, the most successful DApp on Ethereum is Maker Dao.

The reason behind this is Ethereum’s scalability issue. EOS and Tron are able to do 2000-4000 transactions per second whereas Ethereum is only able to handle 15-20 transactions per second. However, the reason why they can to do such a large amount of transactions is because of compromises made on their decentralization. In a recent talk, Ethereum founder Vitalik Buterin had labeled these platforms as “centralized pieces of trash.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Flat, Cryptocurrencies on a Positive Tone

Cryptocurrencies were slightly positive during the last 24 hours, except for Bitcoin, who failed to cross the $8,300 level and created a large candle down to $8.150, tho, then, move back to the $8,200 range. 

More Bitcoin News

Ripple price analysis: XRP/USD grinds to a halt ahead triangle breakout

Ripple performance in October has been relatively better compared to other major digital currencies. The world’s third-largest crypto is stepped above $0.30 last week but failed in sustaining gains towards $0.31.

More Ripple News

TRON price analysis: TRX/USD mired in a tight range

At the time of writing, TRX/USD is changing hands at $0.0155. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday amid slow trading activity on the cryptocurrency market. 

More Tron News

NEO price analysis: NEO/USD on recovery track, still below critical resistance of $7.80

NEO, currently the 21st largest coin with the total market value of $527 million, has gained about 1.7% in recent 24 hours to trade at $7.5 at the time of writing. Since the beginning of Tuesday, NEO/USD has gained about 1%.

More NEO News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

BTC

ETH

XRP