Whales Influence in the success of Gambling Dapps – How is it Done?

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • whales because net worth is higher than the net worth of a large number of gamblers with low net worth.
  • The lastest tracking of the amount of dapps is 976 gambling dapps.
  • The TRON wallets saw a strong increase, whereas the Ethereum wallets saw a steep decline when seen at a blockchain level.

Whales have quite an influence on the success of the Dapps, but how does the Influence work?

The first products that were launched on any new smart contract mainnet were mainly just gambling dapps, and gambling is also the category which is one the largest categories present on the dapps network. The lastest tracking of the amount of dapps is 976 gambling dapps.

When we talk about how well the gambling dapps have done till now, we must consider the value that is linked directly to the top wallets. Taking into consideration, this metric can reveal some very shocking trends.

In daily value, the TRON wallets saw a strong increase, whereas the Ethereum wallets saw a steep decline when seen at a blockchain level.

If you wish to be able to understand this in a better way, we will have to look into the performance of the individual apps. Mainly for the gambling dapps one very important metric is the breakdown of how much of their value comes from top wallets.

When we look into the offline gambling industry, it is mainly driven by the activity of the gamblers with a very high net worth and is also often called whales. They are called whales because their net worth is higher than the net worth of a large number of gamblers with low net worth.

During the year 2019, this metric has changed a lot as we can see that the percentage of monthly value generated by the top 10 wallets for the main six very popular gambling dapps.

Whales are very affected by even small variations and hence become super sensitive and adding to that the fact they are highly likely to act in unison. There might be required to work in large quantities.

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