Ethereum’s decentralized applications ecosystem had a massive start this year. It Marketplace and Games section which took the lead in terms of routine unique active wallets growth, showcasing a rise of over 163% over the last year.
Active daily wallets in the section registers over 58% of the total dapp activity on the Ethereum network with a seven percent growth in the first month of 2020. According to the monthly growth structure, decentralized finance and exchanges apps shone positive figures in January, revealing user growth of around 9.7% and 7.1%.
TRON is also showing its impressive movements in the industry with the user base rise of over 33% as compared to previous years of January. The most popular section is similar to Ethereum- Gambling and High Risk- and registers around 83% of TRON’s total user base.
On the other hand, EOS performance was not much up to the mark in till now as the network registered only 8% of reduction of daily active unique wallets in the start of this year. This is more no more surprising as the fact lies where EOS experience critical problems which takes time to resolve and raises concerns being prone to collusion.
In the recent days, EOS offered $200,000 in a plot to compete Ethereum with an intention to try to make it scalable for Ethereum dapps to run on its blockchain. Furthermore, EOS congestion has also led to gaming dapps and migrating to WAX. As games are considered as one of the coolest stuff on dapp-oriented blockchains- it is anticipated that including EOS it might not have dropped down.
According to previous China’s Center for Information and Industry Development (CCID) reports, EOS is expected to stand at a higher position EOS is expected to stand at a higher position and Ethereum’s decentralized finance are on the verge to witness tremendous growth, in terms of number of daily active unique wallets.
Due to the tremendous growth of exchanges and decentralized apps, uses that are highly popular in social media are smoothly attractive to new users. In the month of January this year, the number of DEXs in Ethereum rose 9.7, outpaced the escalations of decentralized finance. Exchanges growth might link to user’s risk awareness and can also control funds by threats of losing funds through hacks in centralized exchanges.
