Gambling and DeFi keep dapps afloat as transaction volume drops; Ethereum, EOS and Tron leading

The transaction volume of dapps built on 6 main blockchains went down 40 percent in Q3 2019, while just 148 new dapps launched in the whole quarter.

According to the report from Dapp Market, crypto gambling apps and DeFi accounted for the majority of the transaction volume, leaving many to wonder whether dapps have had their heyday.

According to the report, dapps that built on all six major blockchain networks have performed a total transaction volume of $2.03 billion in Q3 2019.

While high, this volume is a 40 percent drop from the transaction volume the same dapps performed in Q2. The sudden drop in transaction volume follows an almost equal drop in dapp users.

Out of 944,312 total active dapp users in Q3, more than 392,000 used dapps built on Ethereum.

Dapp Market found that less than 150 new dapps launched in the entire third quarter of the year, which is less than the monthly average of 164.6 the space saw in the first half of 2016.DeFi and gambling dominate the dapp industry.

Ethereum DeFi apps have contributed over 88 percent of the total volume in the Finance Sector, as they attracted over 310,000 new dapp users in the quarter.

At the same time, DeFi apps have contributed over 58% of the volume of Ethereum dapps in Q3, with a total volume of over $466 million.

While EOS has had the slowest growth of new dapp users in Q3, it had the highest user retention among all the blockchain platforms-40 percent of the old EOS dapp users were still active in Q3, while Tron and Ethereum had 15 and 5 percent, respectively.

Almost 86 percent of 20 billion TRX volume Tron dapps saw were made by gambling apps.