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Blockchain Application (DApp) 2019 Annual Report

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Blockchain Application (DApp) 2019 Annual Report

January 21
01:05 2020

This “2019 Blockchain Application (DApp) Annual Report” will review, inventory and outlook the 2019 blockchain decentralized application (DApp) market with you, and will help us better learn about the blockchain Application market!

DappOnline

A blockchain application store driven by professional data forms currently includes 2672 DApp data of several public chains such as ETH, EOS, TRON, STEEM, IOST, and a total of 4,576 smart contracts.

The total number of visits in the whole year of 2019 was 16.957 million, a year-on-year increase of 70.76%, the cumulative number of users increased by 11.63%, and the number of registered users increased by 732.95%. Relying on a professional big data system to obtain millions of angels’ investment in July, it is also the “best data service organization” in the golden financial “create with the times” in 2019.

Announcement

Original and Copyright:

Copyright belongs to DappOnline.

Data sampling:

1. The basic data comes from the DappOnline big data platform

2. No special instructions are to remove duplicate data

3. The transaction amount is unified in US dollars, and the exchange rate is taken from Huobi.com data on January 6, 2019

4.The time range of the reported data is from January 1, 2019 to December 31, 2019

5. Public blockchain block cutoff height and price announcement:

Analysis Note:

The content of the report is an independent original analysis of DappOnline as a third-party research platform and does not represent the official opinion of any company.

Table of Contents

1 Concept note

1.1 What is a DApp

1.2 Differences between blockchains

1.3 Differences in user portraits

1.4 Differences in DApp Market Status

2 DApp market

2019 blockchain application market overview

3 Overall development

3.1 Market Share of DApp Types

3.2 Market Share of DApp Development Status

4 Public chain and DApp inventory

4.1 Summary of History

4.2 Five public chains in 2019

4.2.1 ETH (Ethereum)

4.2.2 EOS

4.2.3 TRON

4.2.4 IOST

4.2.5 STEEM

4.3 DApp users in 2019

4.4 DApps in 2019

4.4.1 DApps with the Most Annual Users

4.4.2 DApps with the Most Annual Transactions

4.4.3 DApps with the Most Annual Turnover

4.4.4 Annual Game DApp

4.4.5 Annual Financial DApp

4.4.6 Annual Social DApp

4.4.7 Annual Exchange DApp

5 Summary

5.1 What is a high-quality public chain?

5.2 What is a premium DApp?

5.3 Thinking about the future of blockchain

6 Acknowledgements

1 Concepts and definitions

1.1 What is a DApp?

The full-name decentralized application must also have the following characteristics:

1、Open source autonomy

2、Ability to upgrade and have application upgrade consensus;

3、Data is encrypted and stored in the blockchain;

4、With Token mechanism, miners enjoy node incentives;

5、The generation of tokens is based on the encryption algorithm, and token rewards are 6、obtained according to the algorithm.

1.2 Differences between blockchains

Public chain-completely decentralized

A chain where users can participate anonymously without registration, and can access the network’s blockchain without authorization. Any block of the public chain is open to the public, and anyone can send value. The blockchain that our report focuses on, ETH, EOS, TRON, IOST, STEEM, etc. belong to the public chain.

Alliance Chain-Supervisable Blockchain

The alliance chain is limited to the participation of alliance members. Members participating in the operation of the blockchain need to obtain read, write, and accounting permissions in accordance with the rules. The alliance chain is jointly maintained by the members of the organization, providing member management, authentication, authorization, monitoring, and auditing functions. The alliance chain requires higher security performance than the public chain.

Private chain-custom blockchain within the institution

The private chain is used only within the organization, with read and write rights and bookkeeping rights freely customized within the organization. The value of the private chain is mainly to provide a secure, traceable, non-tamperable and automatic execution computing platform. You must register to obtain permission before you can access and use it. The digital currency issued by the central bank is a private chain.

1.3 Differences in user portraits

Users are divided into active users, loyal users, silent users, sleep users, and lost users according to the node’s periodic activity and transaction records.

1.4 Differences in DApp Market Status

According to the online status, DApps are divided into online, public beta, under development, prototype, out of service, and abandoned. Dividing different DApp market states can evaluate the actual application value of the public chain.

2 DApp Market

Due to the dual effects of China’s national policy and the blockchain industry, the blockchain and blockchain application market has boomed in 2019.

Market Overview 2019

Before 2018, the application stock of the blockchain market was 1843, and in 2019, it achieved a growth of 44.98%, and once reached 2672.

In 2019, the total number of active users in the DApp market was 3.159 million, and the total transaction value was 6.248 billion US dollars. The number of transactions on the blockchain node was nearly 1.501 billion and the number of smart contracts reached 4576.

3 Overall Development Overview

3.1 Proportion of DApp Type Market

As of the end of 2019, the overall market for DApps has stabilized.

Gaming, gambling, DeFi, social, and exchange DApps accounted for 76% of the entire market, while insurance, security and storage tool applications were only 1% of the market.

3.2 DApp Development Status Market Proportion

As of the end of 2019, the normal operations of the DApp market are 60% of the entire market, and nearly 5% of DApps are in development.

More than 1/3 of DApp applications have been discontinued.

4 Public chain and DApp inventory

4.1 Historical overview

Blockchain application developers like to use ETH, EOS, TRON, IOST, STEEM and other public chains. The DappOnline big data section performs 24-hour undifferentiated CNC monitoring of several public chains.

ETH is the public chain with the most users, and EOS is the public chain with the largest transaction orders and transaction value.

ETH has a total active history of 4.187 million and is the first place. The total accumulated transaction order volume in EOS history is 1.364 billion, and the accumulated transaction amount is 5.074 billion U.S. dollars.

The number of active and loyal users across the network has increased dramatically. Unfortunately, inactive user groups such as silent, sleep and lost users have also multiplied.

4.2 Five public chains in 2019

4.2.1 Ethereum

The number of transactions of Ethereum, the pioneer of smart contracts, basically fluctuates between 40,000 and 80,000….

For the whole year of 2019, 1.865 million DApp users on the Ethereum network contributed 23.8582 million transactions, with a cumulative transaction value of $ 1.425 billion.

In the Ethereum public chain, game DApps account for a maximum of 30%. DeFi products are 13%. Exchange, social and gaming applications account for 11%, 9%, 8% of the Ethereum application market.

Through the full-year transaction amount chart in 2019, the Constantinople upgrade in February, the ERC20 transaction starting in May, the highest Ethereum price in July, and the multi-collateral Dai of November in MakerDao, have repeatedly added vitality to the Ethereum network.

Summary

Ethereum with multiple firsts, the most nodes, the most DApp applications, the most token support, and the most developers. When technology is not its competitive advantage, and as products and operations become more and more important, can Ethereum continue to excel in the future market?

4.2.2 EOS

In 2019, 480,000 users of the EOS network generated 1,094 million orders, and the cumulative transaction value for the year was US $ 2.380 billion.

The public beta release of Voice in February and the REX release to EOS ’s DApp market in May brought different vigor.

DApp type framework chart, EOS gaming applications occupy 46% of the market, accounting for nearly half of the EOS market.

In addition, products such as games, social networking, and DeFi are also strengthening the strength of this public chain.

At the beginning of 2019, the single-day transaction amount of EOS network DApp reached its peak. But the downturn continued for the next six months. It remains to be seen what will happen in 2020.

Summary

Few users and a large number of transaction curves are clearly contrasted, which shows that the public chain of EOS has great potential. But the deployment cost of tens of thousands of dollars on EOS has also made many developers discourage.

4.2.3 TRON

In the whole year of 2019, there were 688,800 TRON users, who contributed a total transaction volume of US $ 2.377 billion through 285 million transactions.

Many people think that TRON is a combination of Ethereum and EOS, which is the best choice for comprehensive consideration of performance and cost. But some people also refer to TRON and EOS as “gambling chains”!

41% of gaming applications, 31% of games, and 18% of DeFi constitute almost the entire TRON public chain ecosystem.

Summary

A chain that is not simple and maintains a good momentum of increasing output, and its potential is huge.

4.2.4 IOST

The IOST mainnet was launched on February 25, 2019. Since then, DApp users in the IOST network have continued to grow steadily.

According to DappOnline’s aggregated data, at the end of 2019, a total of 37,400 DApp users were using the IOST blockchain.

The mainnet on the IOST blockchain is the latest, with only half a year, 89.760 million orders and 11.745 billion IOST transactions.

IOST combines the blockchain with the real economy, and through the close integration with 26% DeFi projects on the chain, the potential of the blockchain is amplified. On December 21, 2019, IOST became the only blockchain project in the “17th China Blockchain Enterprise Development Forum” held in the National Assembly Hall in Beijing, China.

Summary

Combining blockchain with the real economy, IOST is committed to truly popularizing the application of scene-based applications. Pragmatic and rigorous technology, actively respond to regional policies, and fully allow more ordinary users to enjoy the benefits brought by blockchain technology.

4.2.5 STEEM

The core of the blockchain-based social media platform is digital currency and digital information streaming media.

The main content of STEEM is social. This platform has the most social content, accounting for 62% of the IOST blockchain content.

In 2019, the total number of active users of the STEEM platform was 58,700, generating 9.427 million orders, and the total transaction amount was US $ 7.757 million.

With its framework of “STEEM public chain + Steemit application + SMT coin issuance contract”, the public chain project inspired by the content platform is perfectly realized, but how to face the current sluggish market feedback, this team may really need to think hard.

Summary

Content producers benefit from creating the content itself, but it is not enough to maintain the ecology by content. Turning content into more users may achieve greater revenue for content creators. How to transform its own resource model and profit structure, and how to survive in the face of adversity is a question worth thinking about.

4.3 DApp users in 2019

This year, the blockchain industry chain was basically formed, and the number of users increased significantly from January to May. This is something we all would love to see.

In October, many regions issued policies supporting blockchain development. The blockchain market and application structure have new vitality.

This year is a year of real precipitation and a year of cultivating user habits and mentality.

The annual maximum daily transaction volume and transaction volume of more than 70 million give confidence to those who once doubted the blockchain.

4.4 DApps in 2019

According to the current status of the DApp market, DappOnline sorted out the 2019 DApp market application according to users and transactions.

The following is the annual list of DappOnline2019 blockchain applications:

4.4.1 DApp with the Most Annual Users

Ethereum’s DApp tool Brave Browser leads the way with 296,600 annual users.

MakerDao ranks second with 268,600 users, and Chainlink has also won the favor of 115,200 users.

Hash Baby, an adult social product of 13.33 million loyal fans, announced its death; as the only exchange, 0x struggled to rank among the top six.

4.4.2 DApp with the Most Annual Transactions 

The total number of Hash baby transactions that ceased operation was 226 million, becoming the first;

The games EIDOS and EOS Knights gained 82.587 million and 33.347 million users respectively;

WhaleEx on the EOS blockchain is the only transaction, so the transaction volume of 31.142 million appears in the last place.

4.4.3 DApps With the Most Annual Turnover

The top five are gaming DApps, and there are six gaming DApps in the top ten;

Gaming-based DApp game iPirates ranks sixth;

There are three types of financial and exchange DApps.

4.4.4 Annual Game DApp

This list includes both the traditional dumb little snake DApp game HyperSnake and the boutique placement DApp game MCH. CryptoKitties, which once paralyzed the ETH network, also occupied the fifth place with 15,000 users.

4.4.5 Annual Financial DApp

The ETH blockchain DApp occupies the top seven on the list.

TronHives and TronBank of the TRON blockchain rank eighth and tenth respectively, and FlameSchedule of the EOS blockchain occupies ninth with 19,900 users.

4.4.6 Annual Social DApp

The adult community Hash Baby occupies the first place with an amazing 133,300 users. In addition, chat, content, live broadcast and media content are also reflected separately.

4.4.7 Annual Exchange DApp

In the annual exchange ranking, several public chains of ETH, EOS, and TRON have appeared.

5 Summary

5.1 What is a high-quality public chain?

ETH

The slow production speed has become a legacy of history. Although the government is constantly optimizing, the Constantinople upgrade, the Istanbul upgrade, and the Muir Glacier upgrade that has just ended, it will have a long way to go on this optimization road. go;

EOS

The network has undergone several RAM expansions. The maximum TPS of the entire network has reached 4,000. The daily TPS has also risen to between 20 and 40. The stolen security incidents behind the excellent block production speed are also unpleasant;

TRON

Although the improved DPOS algorithm is adopted, the 27 super nodes and consensus mechanism that have been set after the EOS promotion node election event are quite controversial;

IOST

Since its inception, the project has collected a lot of gorgeous titles, and it has harvested many doubts. There has always been talk of disguised money in the field, but it carries the controversy. The team’s EDS and POB technology left us a deep impression;

STEEM

STEEM aims to generate incentives for content producers through the token economy, but there are also many questions about content quality, user migration, and user habits.

For users, a high-quality public chain must have a safer, more convenient and faster experience; for developers, an excellent public chain must take into account both user experience and deployment costs. In summary, regarding the optimal public chain, I believe everyone must have their own answers.

5.2 What is a premium DApp?

As long as it truly serves users, it can grow into a high-quality DApp that users love.

With the purpose of improving user experience, how to achieve better block speed, more secure transaction process, and smoother user experience are issues that the market needs to think about.

Of course, the public chain as the bottom-level builder must also bear its own responsibilities, truly serve users, serve developers, serve the market, and serve the blockchain industry.

5.3 Thinking about the future of blockchain

Many DApps now think about how to get capital instead of serving people as applications. What people really need is the technical characteristics of the blockchain, not the concept of decentralization.

The key to the success of blockchain and DApps is not only the developers and the blockchain, but the product ideas are equally worth thinking about. When will the development of DApps break through the dawn of the market, and the new 2020 is worth all of us to look forward to.

6 Acknowledgements

1. The prices of the items in this report are from Huobi.com data

2. Thanks for the support of ETH ecosystem and DApp developers

3. Thanks for the support of EOS ecosystem and DApp developers

4. Thanks for the support of TRON ecosystem and DApp developers

5. Thanks for the support of IOST ecosystem and DApp developers

6. Thanks for the support of STEEM ecosystem and DApp developers

7. Thank all the users and players in the DappOnline community for their support

Media Contact
Company Name: Tianji Data Co.,Ltd
Contact Person: Joong Song
Email: Send Email
City: ShenZhen
Country: China
Website: http://dapponline.io

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