DappRadar released the Q2 2020 report where we cover the performance of the 13 blockchains that already hold more than 70,000 daily wallets. The major activity is occurring within the top three blockchains: Ethereum, TRON, and, EOS.
Total transaction volumes reached $12 Billion in Q2 2020. $4.5 billion higher than it was in Q1 2020. The Ethereum blockchain accounts for 82% of the total created value and the majority of it belongs to the DeFi ecosystem.
Key takeaways
- Ethereum stands as the most significant blockchain even given the gas price jump. The value of blockchain grew by $4.5 billion in Q2 2020 if compared to Q1 2020.
- TRON is attempting to diversify its dapp portfolio by adding DeFi into the blockchain bucket. Still, 80% of activity has remained within the Gambling & High-Risk categories.
- After a major loss in daily active unique wallets due to the EIDOS token drop back in Q4 2019. EOS seems to be recovering in Q2, 2020 with growth being led by two games: Upland and Crypto Dynasty.
- The battle between Hive and Steem continues, but popular Steem game Splinterlands amongst others moving to Hive in June 2020 has given Hive the advantage.
- Our ‘best of the rest’ in Q2 2020 goes to WAX and ThunderCore. Where we see that current growth is being driven by Gambling dapps.
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