The current state of the Ethereum dApps market

in #crypto6 years ago

We analyze the largest decentralization platform, Ethereum, to track the top decentralized applications (dApps)

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dApps activity per category and per dApp, thanks to Chris McCann

Most of the dApps activity are tracked by decentralized exchanges, while the remaining are games and mostly ponzy pyramid schemes (category: Others). Among games, CryptoKitties get a third of the game dApp market. Games and decentralized exchanges represent 90% of the legally valid dApps. For all those categories, representing 75% of the dApp markets, we have a total count of roughly 7000 daily active users.
The whole dApps user market size is about 3x10e -6 of the cloud-based social media market, with Facebook and WeChat alone cumulating more than 2 billions active user daily.

A small number of dApps account for almost all the activity, while only 25% of the dApps have more than 100 transaction in a week. The Ethereum dApp ecosystem failed to be equally distributed and the dApp activity is highly centralized in less than 5 dApps (IDEX, ForkDelta and CryptotKitties accounting for more than 50% of all dApps transactions) This is to be compared to the $10 billions market value of Ethereum dApps tokens at the end of year 2017, valuing each active dApp user at least $1 millions.

Ethereum dApp market is a highly speculative market valuing each active dApp user at roughly $1 million at the end of 2017. A few dApps (less than 10) account for most (more than 80%) of all activity. dApps activity are centered on games and decentralized exchanges. By covering all technical and usability requirements of decentralized exchanges and decentralized games, iXXo total addressable market is 100% of the legally valid current Ethereum dApps market.

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