EOS and TRON Taking Over The Dapps Space Leaving ETH behind In Recent Findings

2019-7-23 18:08

Based on data culled from Dapp.review, an on-chain data and analytics platform on July 23, 2019, EOS and TRON blockchains are significantly ahead in the decentralized apps (dApps) space. For the past 90 days, the duo has rivaled Ethereum (ETH) based dApps in terms of the number of users, volume, and transactions.

EOS and TRON Rival ETH

Per the data, EOS and TRON are taking over the dApp community which has set a competition for ETH. It is even more shocking considering the fact that out of 3,000 dApps, ETH currently has 1,871 while EOS and TRON have only 594 and 535, respectively. 

On the contrary, 841,736 users have taken advantage of EOS dApps in the past 7 days, and 332,511 have used TRON’s dApps. These values are remarkably higher than the 121,683 users of dApps based on the ETH blockchain. On a 90-day basis, EOS, TRON, and ETH highest number of users in a single day have been 167,311 (April 28, 2019), 102,497 (May 16, 2019), and 22,595 (June 16, 2019), independently.

Transaction Volume On The Rise

What’s also worthy to note is the disparity in transaction volumes between EOS, TRON, and ETH. And like users of their dApps, EOS and TRON have taken over. According to Dapp.review’s platform, there have been 29 million EOS transactions, 7 million for TRON, and slightly over 444,000 for ETH in the past 7 days.

Nonetheless, these transactions (for a 7 day period) are valued at $72 million, $195 million, and $74 million for EOS, TRON, and ETH, respectively. TRON, for instance, saw a recent spike in its transaction volume which was around 600,000 on July 19, 2019. However, it surged to 1.8 million by July 22, 2019. The surge also had an effect on its USD value which was previously about $9 million but $67 million on July 21, 2019; figures Justin Sun, TRON’s CEO has taken note of.

Probable Reasons for the Spike in EOS and TRON Transaction Volumes

At this point, one may wonder what led to the surge in TRON and even EOS instead of ETH dApps being at the forefront as would’ve been expected. Ethereum, for instance, is dealing with congestion and scalability issues. Vitalik Buterin, Ethereum’s CEO had already hinted this in a post on July 13, 2019, when he suggested that the Bitcoin cash blockchain should be temporarily adopted for Ethereum.

In the same vein, EOS may have taken also taken a huge bite of the pie but there are still security issues rumored in the past, undermining it. The latter has contributed to the attention TRON is getting from developers and users of dApps who are out to get an improved level of performance. Lest we forget, there’s also users quest for gambling with the use of TRON which has contributed to the spike.

The post EOS and TRON Taking Over The Dapps Space Leaving ETH behind In Recent Findings appeared first on ZyCrypto.

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