The overall DApp ecosystem usually come to the fore and attract attention due to EOS and TRON based high volume DApps of which most falls into the popular category consists of decentralized games of chance.
There is nothing wrong with games of chance, considering it is one of the big industries seems to be revolutionized with blockchain technology.
But if we just ignore them and exclude their overwhelming dominance from the market, what will be left? Let’s look at how dapp ecoystem looks like just without one category of dapps.
According to the data provided by DappRadar, today the daily volume of all dapps over the last 24 hours is $35,480,152 and that of all Ethereum based dapps is 16,892 ETH which makes approximately $2.3M at the current Ethereum price.
If you look at the stats of the all Ethereum, EOS and TRON dapps, the volume coming from Ethereum based dapps is nothing considering it is only 6.48% of the total volume. That’s not interesting much as we already know how EOS and TRON dominates the market.
Let us go in further details, only top 2 Ethereum based decentralized games of chance had a significant volume of transactions. The third dapp of this category in the ranking by volume produced only $15k volume so we will only consider the top 2 and ignore the rest.
IDEX and Kyber: Only Ethereum dapps with a significant transaction volume
Excluding the volume by these 2 dapps over the last 24 hour, Ethereum is left only with a daily volume of $552,900. Who gets this $500k do you think? blockchain games? Nope. Gods Unchained is at the top in the blockchain games ranking by volume with a daily volume of $17.9K.
It is a decentralized exchange, IDEX! with a volume over $500K. The chart showing the daily volume of all Ethereum dapps is probably not updated frequently so it must be higher than 16,892 ETH considering the volume of top 2 DEXs by volume:
Ethfinex Trustless has had $205.4k volume over the last 24 hours but only with 24 users, so we don’t include it. To conclude, excluding one category from Ethereum dapps, Ethereum has only 2 dapps with high volume, IDEX and Kyber, which are decentralized exchanges/protocol accounting for almost all of the total daily volume of Ethereum dapps.
EOS and TRON DApps
Similarly, top EOS and TRON based blockchain games by volume have also low transaction volumes:
CryptoThrone had only $1.6k volume over the last 24 hours, while TRON’s top game Epic Dragons had $15.2k. Most of the transaction volumes of EOS and TRON dapps comes from decentralized games of chance, which is a clear fact known by everyone. Top 5 dapps of EOS and TRON by volume together in this category had around $25M volume over the last 24 hours.
The total volume left for the EOS and Ethereum dapps was $33m. While top 10 dapps by volume in the related category had $25M, the most smaller dapps also have a daily volume which is at least higher than that of top blockchain games.
Top EOS and TRON based decentralized exchanges by volume have also similar stats to those of Ethereum. The only difference is that EOS and TRON have a few more DEXs with high volume while Ethereum has only 2: IDEX and Kyber.
Taking into consideration the total volume of decentralized games of chance based on these blockchains, and that how dapp ecosystem looks like without them, it seems like current ecosystem is all about decentralized games of chance, if we ignore them, then it is all about decentralized exchanges.
Here what it looks like:
As we mentioned in our last weekly dapp overview, considering all decentralized applications on the basis of transaction volume makes little sense. Blockchain games, decentralized marketplaces and other dapps have different dynamics and differ than decentralized games of chance or exchanges.
Therefore, in the future weekly overviews, we’re also going to look at the dapp ecosystem by considering only the dapp usage.