In 2019, the development of DApp did not bring forth the new, and it is still difficult to move around in speculative areas such as gaming. However, the rise of De.Fi has led to the booming development of financial DApps.
Author | Lingge
Source | ChainDD (ID: ChainDD)
Liandede Note: The “Dede Think Tank” team under the chain of Dede has conducted in-depth tracking and analysis of the cryptocurrency market and business status in 2019 for several months, and completed the "2019-2020 Cryptocurrency Market Annual Report: Return of Consensus" Make. This annual report presents the most intuitive 2019 annual report for investors and practitioners in the global crypto market, and provides exclusive and reliable data and trend references for the next stage of development.
This annual report is divided into six dimensions: global cryptocurrency market value, TOP30 digital currency market value, blockchain + financial application, global cryptocurrency policy update, mining status, and Dapp review. It provides a review of the global blockchain development status in 2019 and Sort out and analyze the ecological layout.
The full name of DApp is Decentralized Application, which is decentralized application. In 2019, the development of DApp did not bring forth the new, and it is still difficult to move around in speculative areas such as gaming. However, the rise of De.Fi has led to the booming development of financial DApps. As an indispensable DApp in the blockchain field, the public chain will inevitably continue to iteratively upgrade in the future, and the resulting explosion of DApp types and numbers will surely have an excellent product into people's vision.
The Dede Think Tank analyzed the development of the DApp industry in 2019, and focused on the annual data of mainstream public chains and the De.Fi series of DApps (lending and decentralized exchanges) to conduct comprehensive data interpretation and analysis.
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Annual statistics of DApp: TRON's performance is eye-catching, and the gaming category is still at the top 1. Annual number of DApp statistics: ETH maintains the leading position, TRON surpasses EOS
As of December 31, there were 2,989 DApps in the world's six mainstream public chains, and ETH, EOS, and TRON still maintained the position of the "big three". Among them, the total number of DApps on Ethereum is 1,822, accounting for more than 50%; the number of EOSDApps has increased slightly from last year, reaching 493, accounting for 16%; TRON has developed rapidly in 2019 and has expanded since the end of 2018 10 times, reaching 520, accounting for 17% and surpassing EOS.
2. Mainstream public chain DApp additions and activity statistics: TRON performs strongly
According to think tank statistics, a total of 1,445 new DApps have been added to the six major public chains in the world. Although ETH ranks first in terms of total DApps, its growth performance in 2019 was poor, with new DApps accounting for less than 50%. TRON's newly added DApp accounted for 79%, which is the highest among all platforms. IOST's newly added DApps are the total number of DApps in 2019, with 84% active, and the development is relatively stable. ...
3. Mainstream public chain users and transaction data statistics: EOS transaction volume is nearly 5B
4. Annual DApp type statistics: Gaming still accounts for the highest proportion
Based on data statistics, Dede think tank divides current DApps into financial, gaming, high-risk, exchange, financial and other types. Among them, gaming ranks first in the DApp rankings, accounting for 32%, which is an increase from 29% in 2018. The proportion of games has declined from 26% in 2018. ...
5. Statistics on the number and activity of newly added DApps of various types: Game DApps show outstanding activity
According to statistics from Dede Think Tank, gaming and high-risk DApps are still the most popular DApps in 2019, with nearly 900 new DApps added. There are nearly 700 active gambling DApps, accounting for 30% of the total number of active DApps. Since the second half of 2018, Throne has moved from gaming DApps to gaming DApps. Since the development platform is based on the blockchain as the underlying architecture, fairness can be guaranteed. In addition, gambling DApps provide gambling enthusiasts with the best way to circumvent national regulations. ...
6. Various types of DApp users and transaction data: De.Fi series suddenly emerge
Gaming DApps have maintained the top level in terms of users and transactions, but their active users are actually slightly inferior to games.
High-risk DApp users have the lowest retention rate. Starting in 2018, only 2% of old users still participated in the same category of DApp.
Among all types, social DApp is the only type that lost users in 2019. ...
(This article is the simplified version of Chapter One of "2019-2020 Cryptocurrency Market Annual Report: The Return of Consensus". Read the full report and scan the BlockchainLink at the end of the article.)
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De.Fi series of DApps: the rise of De.Fi, the full name of Decentralized Finance (decentralized finance), is also known as Open Finance. In August 2018, Brendan Forster, co-founder and chief operating officer of Dharma Labs, published an article "Announcing De.Fi, A Community for Decentralized Finance Platforms", which first mentioned the concept of De.Fi.
With the continuous development of blockchain technology, the meaning given to De.Fi has also expanded: the movement of using open source software and decentralized networks to transform traditional financial products into trustless and transparent protocols. According to this, De.Fi not only includes open source blockchain projects that serve the financial industry (or financial services) on the public chain, but also includes bitcoins that are issued and used for payment and settlement.
Dede think tank has counted the top 15 DApps in the De.Fi series in 2019, and will focus on the analysis of the following two categories: lending and DEX.
1. Loan category: Maker firmly sits on the throne of loan category
According to statistics from DAppTotal.com, as of December 31, 2019, the top 5 DeFi applications are: Maker, EOSREX, Edgeware, Compound, and InstaDApp. Except for Edgeware, which belongs to the lock-up airdrop, the rest belong to the loan category.
The lock-up value of the De.Fi series of DApps soared from US$302.37M on January 1, 2019 to US$873.56M on December 31, 2019, a growth rate of 188%.
Among them, the most well-known lending platform is Maker, which was established in December 2017 and occupies the leading position in DeFi applications. EOSREX, the resource leasing platform on the EOS public chain, rose rapidly in early May. On June 24, the lock-up value reached its 2019 peak of 733.94M USD. Maker and EOSREX, as the two pillar applications of the De.Fi industry, provide a strong support for the further development of the cryptocurrency market economy. ...
2. DEX: still in the early stage, has not broken the deadlock of "niche"
Like the well-known stock exchanges, centralized exchanges rely on third parties to complete account opening, recharge, and transactions on the exchange. The decentralized exchange (DEX), as an application on the public chain, is built on the underlying development platform of the blockchain. This kind of exchange allows peer-to-peer trading of native tokens on the blockchain. The user only needs to connect the encrypted wallet to the decentralized exchange to conduct transactions through smart contracts. The user's personal wallet can perform transactions on the wallet without a third party or central authority.
According to statistics from DAppTotal.com, 66% of DEXs are created on ETH. In 2019, Uniswap, the DEX with the highest transaction volume, accounted for 56.49% of the market. In the first half of 2019, its peak transaction volume was 52.9K ETH (approximately USD 8.94 million). IDEX ranked second with a market share of 26%. The peak value of transactions in the first half of the year was 16.4K ETH (approximately US$2.77 million); the third-ranked Bancor had a peak value of 47.29K ETH (approximately US$7.9 million) in the first half of the year. . ...
(This article is the simplified version of Chapter One of "2019-2020 Cryptocurrency Market Annual Report: The Return of Consensus". Read the full report and scan the BlockchainLink at the end of the article.)
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