In April, the transaction volume of Ethereum DApps hit a record high, but the new DApps hit a 15-month low
Produced by Odaily
Author | Qin Xiaofeng
Editor | Lu Xiaoming
according toProduced by OdailyAuthor | Qin Xiaofeng
Editor | Lu Xiaoming
diar report
, In April this year, the total transaction volume of decentralized applications (DApps) on Ethereum reached 776,000, a record high; however, only 88 new ETH DApps were added in April, which is the lowest point in the past 15 months .
In the past four months, ETH DApp transaction volume has continued to grow, with an average monthly increase of 20%, of which the month-on-month increase of more than 50% occurred in March.
In April, the total transaction volume of ETH DApp was 776,300 ETH, exceeding the historical high of December 2018 (765,600 ETH), setting a new record high. It is worth mentioning that most of the transaction volume is concentrated on decentralized exchanges and gaming applications.
(ETH DApp transaction volume)
However, if the transaction volume is converted into fiat currency, the transaction volume of ETH last month was only 132 million US dollars, which did not hit a record high - the record high was in January 2018 ($ 655 million), because the price of ETH was close to the historical high at that time .
Although the ETH transaction volume in April was only 132 million US dollars, it still set a new high in the past 8 months (August 2018 to present), and compared with the historical low of 46 million US dollars in January 2019, it increased by 186%.
Judging from the current signs, ETH DApp transactions have begun to recover, and the prospects are bright. However, Diar's report also pointed out some problems currently faced by ETH DApps.
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(ETH DApp adds new DApp)
The data shows that the number of new DApps on Ethereum in April was only 88, a new low in 15 months (from February 2018 to the present). In addition, in the past five months, the number of new DApps has shown a decreasing trend, with an average drop of 20%. Compared with the historical high (178) in December 2018, the number of new DApps in April has dropped by more than 50%.
Why has the number of new DApps on Ethereum continued to decrease in the past few months?First of all, the low currency price is a major reason. Although the price of ETH began to rise sharply in April (12% increase), the current price is only equivalent to the level of November last year, which is still far from the historical high. Take the transaction volume as an example. In April, the transaction volume of ETH hit a record high, but the conversion into legal currency was close to the historical low. Under this background, it is difficult for developers to have enough motivation to develop.Furthermore, the number of DApp users on Ethereum is far lower than that of other public chains, and it is reasonable for developers to choose to relocate in order to absorb traffic. According to data from DAppTotal on May 6, the total number of users of the major public chains in the past week was: EOS (227,254) > TRON (120,520) > ETH (31,737) > IOST (8,918).
However, according to
diar report
