Is TRON and EOS posing a threat to Ethereum with the current dApp numbers?


Tron and EOS are pumping out dApps at an alarming rate, with Tron dApps currently exploding in dApps growth, and as of now Ethereum is currently lagging behind.

Ethereum currently ranks as the third biggest cryptocurrency behind Bitcoin and Ripple. However, when looking at the progress through dApps being built on Ethereum, it is clear that ethereum is lagging behind both TRON and EOS in terms of user engagement and growth rate.

This might be a big sign that TRON and EOS is posing a threat to Ethereum.

Justin Sun, who’s well known for speaking up about the latest updates on TRON recently made another tweet about this topic.

Check out the tweet below:

One of the biggest argument that is coming into the discussion is that most of the dApps being built on TRON and EOS are gambling apps which doesn’t require much effort to build. The community has been saying that these are “copy and paste” applications that can be duplicated easily by an experienced developer.

Doing a quick analysis, over the past 24 hours, Ethereums top app in terms of users saw 603 users on ForkDelta. TRX saw 5,900 users on the blockchain game, Epic Dragons. EOS took top spot with 9,700 users on PRA CandyBox.

op volume over the last week on each networks popular dApps saw Ethereum coming in third once again with $3.7m on their gambling dApp ‘FCK’. EOS took second place with $50.6m on the gambling dApp ‘Dice’. Trons super popular TRONbet took top spot with an impressive $83.9m worth of volume over 7 days. It’s important to note that these are “gambling apps.”

Gambling dApps are a cut above the rest in terms of popularity. However, most will argue that gambling dApps do little to push mass adoption and real world use-cases. One thing is noticeably clear, Ethereum is lagging behind EOS and TRX, even if it is mostly just gambling apps.

Does this mean that Ethereum’s growth will slow down in 2019? Not necessarily. It is important to note that the big spike in Ethereum initially came from the ICO craze back in 2017, since Ethereum was one of the only platforms companies could build their apps on.

It’ll be exciting to see what Ethereum has in the pipeline for future development to attract more companies into their ecosystem.

 


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Samuel Tan

Samuel Wan has been an analyst and cryptocurrency evangelist for the last few years. Previously he worked as a consultant for a Big 4 consulting firm and is passionate about how blockchain will make an impact in the world. You can contact Sam at s@cryptomenow.com

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