EIDOS Transaction Volumes Skew 2019 DApp Market Report

The transaction volume going through the EIDOS decentralized application has massively skewed the results of the 2019 dApp Market Report, published Jan. 20.

The token airdrop dApp on the EOS blockchain, saw almost three times as many transactions in 2019 as all of the other dApps on nine leading platforms combined.

Perhaps the most notable aspect about this statistic is that EIDOS did not launch until 1st November 2019.

In the two months of 2019 that it was active, EIDOS racked up almost 2.4 billion transactions.

Just 872 million of these transactions were not using EIDOS. The EIDOS dApp works as a smart contract.

Whenever any EOS is sent to the contract address it gets immediately sent back, along with 0.01% of all the EIDOS tokens it holds.

EIDOS tokens are replenished at the address at a rate of 20 per second.

As Cointelegraph reported, shortly after its launch, EIDOS was responsible for congesting the EOS network accounting for 95% of all transactions.

Ironically, given all of its transactions, EIDOS has negatively affected user numbers on the rest of the EOS network.

Since EIDOS launched, this figure has dropped by 80%, to just over 15,000 users.