Decentralised Blockchains may be seen as a catalyst for social and political change but one of the defining features of the Crypto community is the passion and energy they put into their projects.
Daaps
In the last year Dapps or Decentralised Applications have exploded in popularity and now extend the use case of decentralised blockchains far beyond peer to peer cash, Dapps may even be the use case that takes Decentralised Blockchains mainstream.
I have been away from Crypto for some time and I am now on a journey to #RediscoverCrypto. In this post I am analysing a few sites that show stats of the different Dapps to see which are the Killer Apps that people use most today.
Data
There are three popular sites I know of for getting data on Dapps
Interestingly none of them agree on the numbers but analysing all 3 gives a good insight into the broad usage. The following Analysis is kept high level and only looks at data for a point in time.
So where has the Crypto Communities energy and enthusiasm been put to use on over the last few years?
Activity
User Activity is the main criteria I am going to use for this analysis. Successful Projects convert Concepts to Users so I am intentionally being very user focused in this analysis.
To begin with a bit or perspective lets first look at some stats from Blocktivity which shows transaction activity by blockchain.
- The Wax Protocol stands out so we will take a closer look at that in detail below.
...
So what Blockchains are the most popular for building Dapps on?
The following picture shows the Count of Apps (taken from dapp.com).
- Ethereum is the clear winner in terms of volume of Dapps
- Many Dapps are not functional on various chains. I did a few experiments exploring the listings and many don’t work. Not sure if the projects are still live or just didn’t pass QA in the first place!
Ethereum is the chain with the largest number of Dapps by far but other chains have seen growth in 2021 driven by high Gas Prices
How do you cut out all the noise?
DApps
For the Chains with over 100 Dapps (and Hive) I have analysed the usage of the Daaps with > 1000 users in a 24 hour period. This filters out apps that are not functional from the analysis.
I was very surprised with how few there actually are.
Dapps with more than 1000 users in 24hrs (28/9/2021)
The following graph shows the apps with more than 1000 users on a particular day.
- Most Chains don’t have more than a few active DApps.
- BSC stands out as the chain with the most active DApps
Dapp Pic
- Most chains have only a handful of Dapps with > 1000 daily users
- BSC stands out as having more apps than other chains with > 1000 daily users
Wax Protocol
Wax didnt make the above list as it has less than 100 apps.
I was curious to see what activity is going on on Wax as it is always highest on the blocktivity site. The following activity is taken from dappradar and shows the apps with the activity > 1000 in the 24 hours.
- This shows Gaming again featuring prominantly
DApp Themes
- Gaming is a big use case with Splinterlands from #hive as standing out.
- The NFT market places are a current big use case across all blockchains.
Defi was a big theme in 2020 and continues in 2021 with many exchanges and tokens dominating usage.
Rediscovering Crypto
If you are rediscovering crypto after an absence why not make a blog on Hive using the #rediscovercrypto and share with the community what you find.
#Credits
Phone and App Image Designed by pikisuperstar / Freepik