Dappradar May 2020 overview of the dapp ecosystem covers the performance of Ethereum, EOS, TRON, Hive, Steem, and WAX blockchains during May 2020.
DappRadar started tracking dapps on the Steem and Hive blockchain during May, so this report provides the first opportunity to investigate these two warring communities.
Key takeaways
- The overall value of all tokens interacting with dapps running on these six blockchains was up 16% to $1.9 billion.
- Overall activity was down 3% in May 2020 compared to April with a daily average of 69,119 active unique wallets interacting with dapps across the six blockchains covered in this report.
- High gas fees saw Ethereum’s daily activity drop 14% month-on-month but volumes through DeFi and exchange dapps remained strong with total value during May up 25% to $1.2 billion.
- Gambling dapps dominated TRON’s performance, with volumes up 24% month-on-month to $131 million, although daily activity dropped 15%
- EOS dapps experienced a flat month, with daily activity up 3% and volume steady at $616 million.
- The separation of the Steem and Hive communities continued with daily activity on Hive up 201% while Steem declined 31%.
- WAX experienced the successful launch of the Garbage Pail Kids collectibles, which increased the amount of value interacting with its dapps during May by 601% to a total of $860,000.