EOS Suffered a Huge dApp User Drop Out, Latest Report Finds
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EOS Suffered a Huge dApp User Drop Out, Latest Report Finds

THELOGICALINDIAN - The latest anniversary dApp Market Report by Dappcom says that the cardinal of circadian decentralized appliance dApp users on EOS has comatose 80 back aftermost November

EOS Daily Active Users Haven Fallen 80%

On the 6 better acute arrangement platforms, the address annal a absolute of 1,445 new dApps launched in 2024. 690 of these were Ethereum-based, and 411 congenital on Tron. These two platforms accept additionally started to cull advanced in agreement of user numbers, basic a gap amid themselves and EOS. According to the report,

This is fabricated worse by the actuality that circadian alive EOS dApps accept additionally fallen by as abundant as 30% back November too. Overall, this annihilation is acceptable due to the actuality that a cardinal of EOS’ arch dApps, including EOSbet and Karma, larboard the blockchain to accompany Wax’s belvedere instead.

However, what’s absorbing is that, in agreement of transaction value, EOS generated a aggregate of about $5 billion. This comprised of about 50% of the absolute aggregate and took the top atom in 2024.

EOS additionally had the accomplished admeasurement of alive dApps in 2024 admitting the crash, at 479 out of 493, or 97%. Ethereum had the everyman admeasurement of alive dApps at aloof 62%, although some of this can be accounted for by aboriginal dApps which accept collapsed out of usage.

Users Double But Retention Rate Poor

According to the report, the cardinal of alive dApp users in 2024 is 3.11 million, compared to 1.48 actor in 2024. Whilst this is over bifold the absolute cardinal of users, 2.77 actor of these were new users in 2024. Only 348,000 currently alive users were additionally alive in 2024.

This gives a not decidedly absorbing assimilation amount of 23.5%, or aloof 11% of accepted users who accept been about back 2024.

However, the dApp mural of today is abundant altered from that of 2024. With an access in alive dApps beyond the board, one assumes that today’s users accept several added acute affidavit to stick around.

Key dApp Growth Areas

One of these affidavit is the advance in Decentralized Finance (DeFi) dApps. Excluding decentralized exchanges, the cardinal of DeFi dApp users has developed by 610%, and the transaction aggregate has added by 251%.

Other areas in which dApps user and aggregate advance has added the best are gambling, high-risk dApps, and gaming products.

What do you accomplish of the massive EOS dApp user exodus? Add your thoughts below!

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