ETH DApps cross $10Bn in transaction volume

Decentralized apps built on the Ethereum blockchain reached a transaction volume of $10.17 billion in Q2 of 2020, says a new report.

Ethereum led the way in terms of transaction volume, dwarfing all other blockchains. The remaining smart contract blockchains, which includes EOS, TRON, Steem, Hive, Chiliz, Terra, ICON, Klaytn, NEO, Tomochain, IOST and Vexanium, generated a total of $2.26 billion in transaction volume in the second quarter of the year.

The report also finds the number of active DApp users on Ethereum, Tron, and EOS jumped significantly in the quarter ending June.

The report found that Ethereum has doubled (97%) its amount of active DApp users in Q2, with a sharp increase from 637,278 in the first quarter to 1,258,527 this quarter, reaching its ATH. At the same time, the number of active DApp users on EOS and Tron also grew by 30% and 50% respectively, reaching 116,389 and 392,657 respectively.

Despite the increase in transaction volumes and users, there were only 99 new DApps this quarter across all 12 blockchains, representing the lowest number of new DApps launched in three years.

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