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Joseph Lubin, co-founder of Ethereum and co-founder of ConsenSys, said that the adoption of Ethereum is growing rapidly. However, there are some numbers and statistics that show that in some areas Ethereum is lagging behind other projects.
Mr. Lubin seems to be very positive about Ethereum and its future. He was one of the main developers of Ethereum alongside Vitalik Buterin, perhaps the best known figure behind the Ethereum project.
He said that blockchain is not just a market, it is also a movement. Furthermore, he said that market capitalization does not reflect activity and that decentralized networks are also growing. He went on to say that there are 10 billion daily API requests provided by Infura, 1 million truffle downloads, 1 million MetaMask downloads and many other things.
However, there are also negative things about the network and its performance in this competitive cryptocurrency landscape. It is possible to see that the most used dApp on Ethereum is IDEX, a decentralized exchange realized with smart contracts, however it has only 1,500 users all over the world.
CryptoKitties is one of the most popular decentralized applications on the Ethereum network. In fact, in December 2017, the number of transactions on the game CryptoKitties has congested the entire network, increasing commissions and transaction times. However, it has only 400 users. Last year accounted for 12% of the use of Ethereum.
However, there are other networks on the market that have worked better than Ethereum in recent weeks. EOS and Tron (TRX) allow developers to deploy new dApps on their networks and work similarly to that on Ethereum.
At the time of writing, PRA CandyBox, an EOS dApp had 5,265 users in the last 24 hours with 14,998 transactions in the last 24 hours.
TRONbet, the largest dApp on the Tron network, has registered 1669 users in the last 24 hours and over 1.5 million transactions in the last 24 hours.
IDEX is currently under 1,000 users and the number of transactions is close to 8,200 in the last 24 hours.
Ico have also suffered in recent months. Ethereum works as a platform to launch virtual currencies, projects and Initial Coin Offerings (ICOs). But it seems that in the future there will be fewer ICOs launched on the market. During 2017, there was a boom in ICO and regulatory agencies around the world began to control the issuance of new tokens in the market. Many of these projects have not grown and some of them have failed.
At the time of writing, Ethereum has a market capitalization of $ 9.3 billion and each ETH currency can be purchased for $ 90. At the start of this year, each ETH was trading close to $ 1,400. Several ICO projects had to sell their funds to continue operating in a bear market that affected the entire cryptographic space.
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