Research: Mere 10% Of Ethereum DApps Are Active Daily
According to research done by LongHash, a leading crypto information resource, on February 1st, a mere 180 out of 1812 Ethereum DApps had associated ERC-20 transactions.
Although this isn’t shabby, especially considering the relatively low transactional throughout that Ethereum currently touts, there’s evidently a ways to go.
Although LongHash’s research pertained to data from February 1st alone, the seeming lack of activity on Ethereum applications was cemented by Kevin Rooke, a Canadian crypto researcher & industry commentator.
A mere 7% of DApps running on Ethereum had more than zero ETH in transaction volumes over the past 24 hours.
Ammous, an advocate for Austrian Economics, questioned the value of decentralizing applications, noting that from a brief glance, he can tell that centralizing most, if not all of Ethereum’s on-chain apps would likely be logical.
Still, Ammous was adamant that even for gambling applications, such as Ethereum Dice and TronBET, it wouldn’t be illogical to use centralized hashing systems for RNG. Case in point, there are handfuls of centralized ‘provably fair’ systems that many gaming websites leverage.
Nick Chong’s original article for ethereumworldnews.com reduced by 58%
Related cryptocurrency news – Top 10 Market Cap Shakeup: Litecoin And Ethereum See Massive Gains
CN TL;DR editor’s take: While there’s no doubt that there’s a large amount of totally worthless dApps , we can’t ignore the fact that there are dApps running today that are game changing. As an example, MakerDAO’s decentralized loan system has given us a truly decentralized stable coin, Dai, as well as providing 0.5% interest loans (provided the user has some eth for collateral).
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