An interesting study was done which is very telling for Steem.
Many on here seem to have the impression that Steem is some type of failure or not doing very well. They point to the problems that exist like it is unique and Steem is the only one going through this.
Of course, at the top of the list is the bots. Even Dan, himself, made note of that in the lead up to the Voice announcement. The key piece of that application is a social media site that had no bots.
The only challenge with this is that he ought to check his own house first.
It is no secret that DApps do not have a ton of usage thus far. They are lagging the centralized counterparts by a wide margin. This is to be expected considering the development gap and the huge lead the others had. However, over time, we can expect that to close.
Steem, for all of its ills, still ranks well when looking at the transactions that take place each day. According to blocktivity.info, Steem is sitting in 3rd place.
As we can see EOS is in the lead. It only makes sense since that blockchain has, so we are told, an incredible community with a lot of development taking place on it.
There is only one problem. A great deal of it is not real.
Make no mistake, there is still more taking place on EOS than any other blockchain, in terms of activity. It is not as much as one would think looking at these numbers.
There was a study done on EOS and this is what was found.
In the first quarter of 2019, blockchain bots made up 51 percent of unique accounts–and more than 75 percent of transactions!
In other words, every day the equivalence of $6 million USD in transaction volume is driven by bad bots.
It is also worth mentioning that a report back in February revealed that 93% of Ethereum DApp had zero transactions.
https://bitcoinist.com/blockchain-dapps-eos-bots-useless/
These are the two best known blockchains for DApp development and the size of the communities. They garner the attention which translated into marketcap.
What is interesting is Steem DApps fare much better. While not as many as the other two chains, we see usage on here. Steemhunt, Actifit, Busy, Steempeak, and Splinterland all have activity on a daily basis. This is excluding the most heavily used DApp, Steemit.com. Even now, I am posting this on Palnet.io, an interface that went live yesterday.
It is easy to look at the rest of the crypto world with the "grass is always greener" mindset. The facts are starting to emerge that, when the hype is removed, the reality of the situation is not as it seems. Steem gets little credit for the enormous progress is made. Does this mean it is without flaws? Absolutely not.
What I can tell you is there are a net of over 300 accounts each week getting their very first SP. This is a consistent number over the past 3 months or so. Again, I will admit this is not setting the world on fire yet we have people who are getting involved with this ecosystem.
Steem is going to make an impact on the world. We just need to keep building and growing the ecosystem. There are a lot of different pieces here that will attract people. It is just a matter of providing more features and getting the word out.
It is time to look beyond the hype that is tied to other chains and the negativity associated with Steem. Both are overdone.
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