Where’s Ethereum DApp Usage?
Decentralized applications (DApps) were long hailed as one of the leading use cases for blockchain technologies. Through smart contracts, whether it be on Ethereum, EOS, Tron, or otherwise, the worlds’ current processes could be put on a blockchain, thus creating a society built on decentralization.
But as it stands, adoption of such applications has been slim to none. This is far from hearsay, but cold, hard numbers. According to research done by LongHash, a leading crypto information resource, on February 1st, a mere 180 out of 1812 Ethereum DApps had associated ERC-20 transactions. Doing some quick napkin math, this equates to about 10%.
Actual activity statistics only accentuated that DApps aren’t poised to take over the world just yet. Far from. Per the same data set, 13% of the utilized applications had more than 100,000 transactions in the past 24 hours, while 19% had somewhere between 10,000 and 100,000 transactions. Although this isn’t shabby,…
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