- DappRadder has announced that the total transaction volume across all protocols has surpassed the $12 billion mark in the Q2 2020.
- Ethereum, TRON and EOS have topped the list of Blockchains accounting for major activities.
DappRadder has posted an article where it has announced that the total transaction volume across all protocols has surpassed the $12 billion mark in the Q2 2020. Out of the 13 listed blockchain platform on DappRadder based on the total volumes of their crypto wallet have found holding more than 70,000 daily wallets. Ethereum, TRON and EOS have topped the list of Blockchains accounting for major activities.
Both Ethereum and TRON have been competing neck to neck and no one is willing to give up. Consequently, both the platforms have tremendously increased daily activities in the Q2 2020 and outperformed other platforms.
Top Performing Dapps: Wax and Thundercore
However, Q2 has seen the rise of many other Blockchain platforms such as WAX and ThunderCore who have readily expanded their user bases owing to some gambling DeFi apps.
The Q2 seemed a lot more promising because the total trade volume was up by almost $4.5 million since the Q1. Moreover, the Ethereum Blockchain has contributed to the most of the volumes with trade volume as high as 82%. A huge percentage of the volume is because of Ethereum’s DeFi protocols. 2020 has been a terrific market for the DeFi protocols.
TRON Defi Debut
TRON’s stepping up into the DeFi market has been quite a successful feat. However, DappRadder has reported that most of the TRON’s DeFi apps are still listed in the Gambling and High Risks charts, which is a big concern.
Unfortunately, there has been a decrease by 53% in EOS’s dApp wallets from 2019 to this year. The high congestion in the network due to the EIDOS token is held accountable for this drop. Similarly, this is big concern because it could have a wider affect on the entire EOS ecosystem.
However, EOS’s position in the DeFi market because the majority of its dApp volume is because of its two DeFi gaming applications: Crypto Dynasty and Upland.
DAPP Sector Largely Dominated By Ethereum
The hardfork version of TRON, Hive which was recently launched in the early 2020 seems to be doing better than its parent. TRON in terms of daily dApp volume. Most of Hive’s volume was because of its Blockchain game, Splinterlands.
Nevertheless, the dApp sector remains largely dominated by Ethereum. TRON and EOS have to still catch up with Ethereum’s expansion but their growth is pretty commendable.