According to many crypto enthusiasts, the dapps are considered the future of the blockchain and Ethereum held the first place for quite some time with 1,239 ETH dapps. But with the increase in Ethereum's scalability problems and growing competition from other projects like Tron and EOS, Ethereum's position is in jeopardy. Although many companies still prefer the Ethereum ecosystem because of its proven track record, recent data show that Ethereum may soon lose ground.
11 new pieces added to Ethereum but the volume of daily transactions of the best apps drops
According to recent data from Dappradar, Ethereum has added 11 new dapps to its blockchain. Five of these new apps are classified as high risk while three of them find a place in the gambling category. Of these 11.5 of these Dapps have started an active transaction on the blockchain while the others are rather inactive and still have to see some important transactions.
While the new addition of Dapp on Ethereum shows that the ETH blockchain is still the preferred platform to host dapps, the problem of scalability and network congestion continues to create problems for Ethereum.
These technical problems have forced many companies to choose, the new children on the block, EOS and Tron MainNets to host their Dapps. EOS currently has 179 EOS dapps on his blockchain while Tron is quite nascent with only 14 Dapps. Both of these platforms do not currently face technical problems similar to Ethereum and are currently impeccable in their performance, making them an attractive destination for companies that are planning to launch their first.
In addition, as regards the transactions of the first three apps on each MainNet (Ethereum, EOS and TronEthereum seem to be in difficulty.) According to a recent tweet proposed by the Twitter user Kevin Rooke, the first three Ethereum apps have fewer users and also had much lower daily transaction volumes.
Ethereum will soon have to find solutions to its scalability problems and recapitalize its popularity so it can stay on track for the Dapp ecosystem or in no time Tron and EOS will move forward.
Will Ethereum be able to regain lost ground and maintain its number one position in the battle of Dapp's supremacy? Let us know your opinions on the same
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.