Daily transaction volume of dApps doubles
Since the first DApp Overview that we published two weeks ago, the daily transaction volume in the dApp ecosystem has almost doubled.
The volume of all transactions to dApp contracts was $16,726,317 on February 9 according to DappRadar which lists only Ethereum, EOS and TRON dApps, other blockchains such as Steem and POA have so low transaction volumes that can be ignored for now though.
Today, as of February 26, the daily transaction volume of Ethereum, EOS and TRON dApps in total is $35,925,287, doubling in just 2 weeks. Let’s look at which dApps fueled this huge volume increase.
Transaction volumes of top dApps on February 9, as we wrote in the previous dApp overview, as follows:
- Ethereum / FCK (gambling) – 3.9k ETH, $465.7k
- EOS / DICE (gambling) – 832.8k EOS, $2.3M
- TRON / TRONbet (gambling) – 75M TRX, $2.1M
The difference that can be seen by comparing the previous data of dApps with the one of the today is that there is a significant increase in the daily transaction volume of decentralized exchanges.
Trading volume of decentralized exchanges is rising
Ethereum’s IDEX today ranks first with the daily volume of $585.8k passing the gambling dApp FCK, which follows IDEX with a daily volume of $584k. FCK is followed by ForkDelta, Kyber and Ethfinex Trustless. As for TRON dApps , TronTrade and TRX Market are also the top dApps by volume after TRONbet.
This is likely an overall increase, but considering the very low volume of Ethereum based decentralized exchanges, the relative increase in the transaction volume of DEXs is clear.
Unfortunately the chart of DappRadar on the daily volume of dApps by categories is not up to date, but the data on daily users of dApps by categories demonstrates an interesting change:
Daily users of Ethereum based gambling dApps has experienced a decrease in the number of daily users, from 2250-3000 to 1100-1200 on February 16-17. Decentralized exchanges have relatively steady number of daily users, the increase in the volume of DEXs might also be caused by the recent volatility in the price of cryptocurrencies.
Why do you think DEXs are rising? or are they really so? Please feel free to share your thoughts in the comments below.