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EOS is now the fourth largest cryptocurrency by market cap, surpassing Litecoin, Stellar and Tether, according to data from CoinMarketCap. EOS reached $2.52, gaining 29.21% in 24 hours.

EOS powers a host of decentralized apps (DApps) in the blockchain ecosystem. Its number of active daily DApp users now stands at over 21.4k, nearly double the number of DApp users on Ethereum, roughly 11.7k, according to data compiled on State of the DApps.

State of the DApps also reports that each of the top-ranked decentralized applications built on EOS are hosting several thousand daily active users, logging the highest totals among DApps listed on Ethereum, POA and Steem.

Top EOS DApps – Users (24 hours)

DApp activity is one metric that measures real adoption of blockchain-based applications. As the cryptocurrency market is still largely propelled by speculative traders, developers are working to bring utility to the space. Gaming and gambling DApps are proving to be the lowest hanging fruit, gaining the most traction on EOS.

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On Ethereum, the number one DApp is currently Status, a blockchain discovery tool that combines a messenger and a browser. Status is followed by Storj, a decentralized cloud storage platform.

EOS’s price surge comes amidst a broader crypto bounce that is showing modest gains, with Bitcoin currently trading around $3,550 after a 24-hour high of $3,606 and low of $3,485, according to data on WorldCoinIndex.