DeFi Apps Are Inferior to Gaming Apps – The Capital

Despite the development of the industry and the emergence of new decentralized financial applications (DeFi), the number of their users has not grown much and is still inferior to applications for games and gambling.

According to the analytic portal, as of December 31, 2019, the number of users of gaming decentralized apps and betting software was about 4 times that of the DeFi industry.

According to the number of DeFi applications, as well as the growth in their number, Ethereum leads — 75% of decentralized financial applications are launched on this platform. In second place was the EOS project with 11% of applications.

According to the DappRadar website, the daily average number of users of decentralized applications decreased from 110,000 in May last year to 41,000 in December. The number of active applications has also fallen — from 529 to 370.

Previously, many specialists in the cryptocurrency industry predicted rapid growth in decentralized applications, but this did not happen in 2019. However, the ecosystem continues to evolve. Recently, support for DeFi functions was added to the Algorand blockchain. In addition, a similar system was launched by the Bithumb exchange.

Author: Marko Vidrih

Images credit: Pixabay, CoinDesk

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