While Ethereum alone transacted over $7.6Bn on-chain for Decentralized Applications (Dapps) in 2018, largely coming from Decenetralized exchanges (DEX), adoption has been dwarfed by rival platforms. EOS and Tron Dapps now account for 94% of US Dollar volume across the three major blockchains having won over gamblers.

Close to $13Bn has been transacted on the three main active blockchains, Ethereum, EOS, and Tron in 2018. In January to date, $1.5Bn in value has already been transacted on the ledgers.

|| EOS DAWNS

After raising, purportedly, a whopping $4.2Bn in a token distribution sale, EOS in 8-months has taken over the reigns from Ethereum accounting for nearly 50% of US Dollar traded volume on Decentralized Applications (Dapps) since the platforms launch.

As of January this year, to date, EOS Dapps are accounting for 55%, Tron 38% leaving Ethereum applications with a mere 6% of total on-chain USD volume.

|| CARVING NICHES

But there is a clear group levitating towards the two new blockchains - gamblers. Of the $5.5Bn already transacted on EOS, 70% go towards gambling dapps. This number is over 95% for Tron.

Gambling Dapps only account for a tiny 2% of total US Dollar transaction volume on Ethereum despite nearly half of the applications being betting spots (see chart). The overwhelming majority of trading went towards trading on DEX - and even that now faces a continuous adoption downfall (see story below).

|| APPLES AND ORANGES?

Ether on-chain transactions are however at an all-time high (Diar, 21 January). Financially driven projects such as Maker/Dai, Compound, dYdX, and Stablecoins have found sanctuary on the Ethereum blockchain.

But EOS has said to have earmarked $1Bn to incentivize developers to build on top of their platform (Diar, 22 June 2018). It has gained over punters - a group that Ethereum developers haven't been able to attain.

It's unlikely that this pose a long-term development threat, however, with major cryptocurrency institutions having backed financial projects already geared for Ethereum (Diar, 29 October 2018).