2019 Dapp Market Report by DappReview – DappReview
From the perspective of transaction volume, Casino dapps, accounting for 64.6% of the whole year, were the main driver of EOS in H1 2019, then showed a downward trend in H2 2019. Similar to the TRON ecosystem, most of these Casino dapps have their own dividend tokens, driving the transaction volume of the top decentralized exchanges like WhaleEx and Newdex, which account for 32.1%.
In 2019, a lot of high-quality EOS games had emerged, most of which were launched on mobile phones. Those dapps call blockchain wallet application via deeplink to sign transactions. If the game involves frequent on-chain interactions, the user experience would be poor as you will be redirected back and forth between two applications. However, the graphics enhancements provided by native apps are far better than H5 web games, and the game’s fluency and operating experience are also more friendly than dapp browsers. Unfortunately, due to the blockchain unfriendly review policies of the App Store and Google Play, most native apps cannot launch and distribute in the traditional application stores.
In the EOS ecosystem, there are many blockchain games with more than 1000 DAU such as EOS Knight, EOS Dynasty, Prospectors, etc. As the first real game on the EOS, EOS Knights reached a peak of 7,000 DAU in early 2019. Borrowed from the gameplay of EOS Knight, the EOS Dynasty added on-chain tokens to enhance user engagement, and effectively controlled inflation rate through in-game numerical design. As a result, it became the most popular dapp in the second half of last year.
However, these excellent blockchain games still have to face the cruel reality that the damage created by EIDOS will continue for 15 months, and the congestion of the EOS main network may be difficult to resolve in the short term. The existing users are gradually leaving and there are no newcomers. How will Block One deal with this issue and clear the way for Voice, which will be released on Valentine’s Day?
IOST, an ultra-fast, decentralised blockchain network based on “Proof of Believability” (PoB), was launched in April 25th, 2019. Up to now, 43 dapps have been launched on the IOST mai
nnet, of which Game and Casino are the two main dapp categories.
iPirates is currently the largest Casino dapp with a daily trading volume of about 100 million IOST ($ 210,000). The Casino dapp with the most users was IOSTPlay before, but it was destroyed by hacker attacks in early November. Crypto Sanguo and XPET World are the top 2 Game dapps on IOST.
Steem is a high-tps public chain. Graphene technology is used on the underlying architecture as BitShares. In 2019, the two most popular dapps are Steemit and Steem Monster.
Steemit is a decentralized content platform. As the first dapp on Steem, it has many loyal users. However, from a data perspective, the number of users decreased in 2019. Its DAU was about 5,000 at the beginning of the year, while it had been reduced to about 2,000 in November and December.
Card game SteemMonster is definitely the “Game Dapp of the Year” on the Steem blockchain. The DAU is between 3,000~4,000, and retention is high as well.
NEO is one of the earliest open network blockchains built for the smart economy. Since 2019, NEO has been exploring the Dapp ecosystem. Within a few months, many excellent blockchain games joined the NEO ecosystem for user growth, including Blockchain Cuties, NeoFish and XPET World.
Up to now, 31 dapps have been launched on the NEO mainnet, and most of them are Game dapps. CardMaker and NEOLAND are the only 2 dapps with 1000+ DAU. Switcheo is the first decentralized cryptocurrency exchange on NEO blockchain accounting for 89.43% of the total transaction volume.
The ONT network is a public chain and distributed collaboration platform. The mainnet was launched on June 30th, 2018. As of now, 55 dapps are running on ONT, of which 31 are Game dapps.
ONT started the “Renaissance” incentive plan to inspire developers to develop dapps on ONT in April, 2019. In the following months, the ONT dapp market grew rapidly. The DAU during “Renaissance” was more than 10,000 and the DAU peaked at nearly 80,000. However, the “Renaissance” plan didn’t bring substantial development to ONT’s dapp ecosystem. As the initial surge that the incentive plan brought faded, the number of ONT’s dapp users returned to the level of 1,000–2,000, mainly relying on HyperSnake and HyperDragons Go. Only after the MMO game Treasure Land released in November did some fresh blood get injected into ONT’s dapp market.
LOOM Network is a multichain interop platform launched in early 2018. It’s optimized for scaling high-performance dapps to offer a user experience comparable to traditional applications.
There are 16 dapps on LOOM Network. CryptoZombies, as the most representative Dapp on LOOM, had performed steadily. It contributed the most volume of LOOM since it was launched last August. While Zombies Battlegrounds (later renamed as Relentless), a highly expected card game that previously raised 321,000 USD on Kickstarter failed after a year and a half of development. The Director of this game had left, and the entire project had been open-sourced to the community.
At present, LOOM team focus on Basechain and strive to find a breakthrough in the field of DeFi. In September 2019, LOOM Network announced that MakerDAO would be the first project on its cross-chain gateway. The stablecoin Dai would be able to cross-chain to TRON and Binance Chain through the LOOM Network. Binance had launched its verification node on Basechain, and soon users will be able to lock tokens and get rewards directly from their Binance account. In the future, LOOM Network will continue to develop and support EOS and Cosmos, and plan to launch a pilot project cooperation with the Thai government in 2020 to promote the implementation of blockchain technology.
TomoChain is an innovative solution to the scalability problem of Ethereum.
There are 22 dapps right now, among which the most popular one is TomoMaster, which is the staking governance dapp of TomoChain. The rest are mostly Casino dapps, with the exception of TomoSwap, its Kyber implementation. The activity of these dapps peaked in Q2 and Q3, and then gradually lost users from the fourth quarter. At present, there are less than 10 dapps with volume, and this number is still decreasing. It remains to be seen whether the expected mainnet launch of TomoX could foster greater use-cases, moving forward.
WICC WaykiChain is a Turing-complete smart contract platform.
Waykichain has launched 20 dapps, most are Game dapps and Casino dapps. However, what really has an impact on the transaction volume of the year is a dapp called “Hedging.” This dapp is officially developed by Waykichain. Waykichain investors can lock their own WICC and share revenue. Last July, Casino dapp “WaykiParadise” brought a little vitality to the entire ecosystem, and the number of users exceeded 6,000 once.
Waves is an open blockchain platform and development toolset for Web 3.0 applications and decentralized solutions whose mainnet has launched 24 dapps, mainly Casino dapps.
Dice Roller contributed the most trading volume for Waves. In August 2019, the Waves team released the decentralized platform dAppOcean to encourage developers to make more dapps. At present, the dAppOcean platform has released a variety of Casino dapps including Dice Roller, Ride on Waves, and Coin Flip.
Maybe affected by overwhelming DeFi on Ethereum, Waves is about to become a DeFi-friendly blockchain. At the recent Waves annual conference, the only topic was “DeFi”. As DeFi is the most popular theme of dapps, Dappreview also hopes it can shine on other blockchains.
WAX Global Asset Exchange is a public chain created based on EOSIO, a Blockchain software architecture developed by Block One with lots of customized features according to its own needs.
The significant user increase of WAX in December came from Prospectors. This game was released on EOS in June and launched on WAX Blockchain 3 months later. It seems like a good beginning for a public chain that just launched in H2 2019, so we look forward to the performance of WAX in 2020.
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Acquired by Binance on Dec 3rd 2019, DappReview is the world’s leading data-driven decentralized applications (dapps) platform, tracking data from over 3900 dapps across thirteen public blockchains. DappReview dedicates to deliver accurate dapp data, newest dapp information, user insights and market analytics/reports. DappReview also provides full package of service for blockchain developers from fund-raising, product development to marketing and promotion. For more information, visit: https://dapp.review
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Published at Wed, 08 Jan 2020 09:58:21 +0000
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