Ethereum App Adoption Rising, With 1.28 Million Active Users in 2019: Report

22 January 2020, Wednesday, 09:05 - dailyhodl.com
Ethereum App Adoption Rising, With 1.28 Million Active Users in 2019: Report

The number of people using apps that integrate Ethereum’s blockchain technology is on the rise, according to a new report.

In 2019, a total of 1.28 million new users engaged with decentralized apps (DApps) built on Ethereum, according to Dapps.com, with 128,000 returning users.

The report also highlights sharp growth in the number of people using decentralized financial services built on the Ethereum network.

“Nearly half of active Ethereum dapp users have used DeFi dapps in 2019. 70% of the volume generated by the native ETH token was the use of decentralized exchanges and financial services, such as lending and etc.”

Overall, gambling applications continue to be the most popular use for decentralized apps, with over 900 new apps built for gambling and other “high risk” applications.

According to the report, the smart contract platform Tron now has the second-biggest DApp ecosystem behind Ethereum in terms of the number of applications and overall active users. EOS had the highest number of active users until November, when the number plummeted by more than 80%.

As for gaming applications – a highly-touted early use case for DApps – the report says Ethereum is the top choice for developers. More than 200,000 users engaged with Ethereum gaming DApps last year, which is twice as many as Tron and EOS combined.



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