Major Development: Over $ 10 Billion Fund Flow to Ethereum!
According to the latest data, the Dapps built on the Ethereum Blockchain reached a transaction volume of $ 10.17 billion in the second quarter of 2020.
Dapps built on Ethereum Blockchain reached a transaction volume of $ 10.17 billion!
According to Dapp.com, decentralized applications built on the Ethereum Blockchain reached a transaction volume of $ 10.17 billion in the second quarter of 2020. In a new report, Dapp.com said Ethereum overshadowed all other blockchains in its trading volume. Dapp.com adds:
IN THE SECOND QUARTER, ETH DAPP’S TRADING VOLUME STILL MAINTAINS A $ 10 BILLION SCALE. THIS FIGURE IS ABOUT 10 TIMES THE TOTAL OF APPLICATIONS ON EOS AND TRON.
The remaining smart contract blockchains, including EOS, TRON, Steem, Hive, Chiliz, Terra, ICON, Klaytn, NEO, Tomochain, IOST and Vexanium, achieved a total trading volume of $ 2.26 billion in the second quarter of the year.
The number of active DApp users in Ethereum, TRON and EOS has increased significantly
The report also shows that the number of active DApp users in Ethereum, TRON and EOS has increased significantly in the quarter ending in June. Dapp.com adds:
ETHEREUM DOUBLED THE NUMBER OF ACTIVE DAPP USERS IN THE FIRST QUARTER (97%) AND ROSE FROM 637,278 IN THE FIRST QUARTER TO 1,258,527 AND REACHED ITS ATH THIS QUARTER. AT THE SAME TIME, THE NUMBER OF ACTIVE DAPP USERS IN EOS AND TRON INCREASED BY 30% AND 50%, REACHING 116,389 AND 392,657 RESPECTIVELY.
Despite the increase in trading volumes and the number of users, there were only 99 new DApps this quarter, representing the lowest number of new DApps released in three years. Ethereum, the second largest cryptocurrency, is trading at $ 240, up 1 percent at the time of writing. The largest altcoin currently has a market value of $ 26.8 billion. Ethereum manages a last 24-hour transaction volume of $ 7.3 billion at the time of writing.