As we prepare the full April 2020 dapp ecosystem report it is essential to look at how individual protocols are progressing. Month on month, and year on year.
After a fairly controversial start to 2020, including the acquisition of Steem causing the Hive fork to appear. Plus the launches of the first DeFi dapps, and Justin Sun finally having lunch with Warren Buffet. Justin Sun and TRON are once again educating other protocols on how the PR train works.
TRON has gained a reputation as ‘Las Vegas on the Blockchain’ due to its heavy leaning toward activity in the Gambling and High-Risk categories. This would appear to be a decreasing trend as we near the half-way point of 2020. More recently, DeFi dapps Just and Zethyr have emerged and are starting to drive activity and volume.
- The emerging DeFi category on TRON has seen its monthly value rise from $24,000 in March 2020 to $3.5 million in April 2020.
- As previously reported the largest dapp categories on TRON are gambling and high-risk, accounting for 89% of total volume and 78% of daily active unique wallets during April 2020.
- The main DeFi dapp on TRON is Just, which uses the USDJ stablecoin.
The Gambling and High-Risk categories show negative transaction volume trends when comparing April 2019 to April 2020. Value has decreased by almost 3x.
The DeFi, Game, and Marketplace categories on TRON show positive transaction volume trends. Whilst the exchange category on TRON has decreased in terms of total volume. Down 25% month-on-month, or a decrease in the total value by $6M.
Although DeFi remains a tiny category. The launches of Zethyr and Just has been a positive sign. Between them attracting almost 150 daily active unique wallets by the end of April. Accumulating a total value during the month of $3.5 million.
The full April 2020 report covering Ethereum, TRON, and EOS will be available here on Friday 8th May. Or you can sign up for our newsletter below and receive it directly to your inbox.
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