For context, the Apple App Store recently celebrated its 10 year anniversary on the 11th of July 2018, after launching with 500 apps in 2008. When compared to the traditional application market, while inherently more mature, DApp numbers are a spec in the ocean. There is a saying, “If a tree falls in a forest and no one is around to hear it, does it make a sound?”, and the same can be said for blockchains and protocols, “Does it matter the TPS of a blockchain or the adaptability of a protocol is no one is around to use it?”. We feel the need for more optimised chains and protocols will only become apparent as such tech is actually utilised, tech that already exists, right here, right now. As highlighted in the State of the DApps statistics, across all DApps, which are inclusive of DEX’s such as IDEX and ForkDelta, there are only approximately 55K daily transactions. In terms of active users, Exchange/Wallet and “Finance” platforms lead the way, with Gaming/Gambling, Social and Media apps following.Īt this point, it’s interesting to note the driving force behind adoption, and why we have focused on DApps, as opposed to blockchains or protocols. The State of the DApps website keeps a running tally of DApp statistics, which in all honesty, does not paint a pretty picture of the current state of the DApp market.Īs you can see from the above, while there is burgeoning growth in the development of DApps, they remain severely underutilised. In this article we cover three social DApp projects, Status, Mainframe (Onyx) and Skrumble Network (Ally). Part One - Social Apps Part Two - Gaming Apps Part Three - Media Apps We will focus on three main application categories. In our “Case for Actual Adoption in Crypto” series of articles, we intend to highlight the most compelling traditional use cases in which crypto DApps can start to gain a market share and user base, highlighting those projects we think will have the best chance of doing so. Despite the exponential growth in the crypto markets over the last year and a half, this hasn’t exactly translated into the kind of mainstream adoption most envisioned when the term mass adoption was first applied to crypto. If there is one thing crypto is currently lacking, it’s actual “real world” adoption. The Case for Actual Adoption in Crypto: Part One - Social Apps
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