EOS records a transaction volume of $ 3.5 billion dApps in 2018 compared to $ 2.6 billion for Ethereum

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  • Ethereum had a transaction volume of $ 2.6 billion in 2018, continues to dominate the dApp market
  • In 2018 EOS recorded the largest volume of transactions on all smart contract platforms
  • TRON is one of the fastest growing platforms

According to a report by Dapp.com published on January 15, 2019, Ethereum (ETH), EOS and TRX became the best platform for smart contracts for dApps in 2018. While ETH continued to be a market dominator in relation to the number of dApps, wallets and users of dApp, EOS got the most in terms of transaction volume and transaction amounts. The silver coating for Tron has come in the form of a growing transition of the Ethereum backbones prior to the TRX network. These include dApps like TronGoo, among others.

Although 2018 proved to be a rough run for the global cryptocurrency market, it was a turning point for decentralized blockchain apps.

dApp contributed approximately $ 6.7 billion in 2018. The Dapp report mentions an interesting fact about app revenue generation. It is interesting to note that in 2009, when Apple opened the App Store, there were over 65,000 IOS-based mobile apps that generated revenue of $ 4.2 billion.

Speaking of Ethereum, 2018 saw the smart-contract platform dominate the dApp market. However, 2019 could prove to be a challenging year for the Ethereum ecosystem. Scalability continues to be the Achilles' heel for Ethereum. In addition, Ethereum is the only blockchain between TRX and EOS that requires gas commissions for its transactions. Having ETH holdings just to use a dApp could prove to be a mass offensive for Ethereum.

In 2018 EOS experienced a huge surge in the use of dApps. The smart contracts platform became the largest blockchain in terms of transaction volumes and transaction volume in 2018. In particular, 97% of dApp transactions came from gaming and 75% transaction volume it came from betting Games.

However, EOS has experienced slow growth in relation to the number of portfolios created on the main network. The report finds that in 2018 there were twice as many TRON mainnet accounts as EOS mainnet accounts.

TRON has had its development shares in 2018. The blockchain platform that aims to decentralize the web has launched the giant $ 2 billion Genesis Project in mid-2018. The platform has also launched a fund dedicated to the play of $ 100 million, called TronArcade to promote its own dApp ecosystem.

Furthermore, the recent transition of Ethereum-based dApps into the TRON network has further strengthened the platform.

BlockchainReporter informed on January 11, 2019, how TronGoo, formerly known as EtherGoo, became the number 1 dApp in the transaction volume on all existing blockchains.

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