Altcoin News: Decentralized Applications on Ethereum Have Reached a New Maximum

May 7, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The volume of transactions carried out with the help of decentralized applications (DApp) in the Ethereum blockchain has reached a historical maximum, while the number of new applications has noticeably decreased, according to the latest report of the analytical company Diar.

In April, the volume of broadcast transmitted through DApp was greater than the previous record value recorded in December last year. According to analysts, the indicator grew for four months in a row, which is also the longest period of growth in history, and in April reached a value of 776,000 ETH. In dollar terms, the transaction volume was $132 million, which corresponds to an eight-month maximum.

At the same time, the number of new DApps running on the Ethereum network turned out to be minimal for the entire last year — 88 applications.

“The past month marked the culmination of the trend observed since September 2018, which was broken only in December, when a new maximum was set for this indicator,” analysts wrote.

Earlier, Diar analysts reported that the volume of Ethereum transactions, expressed in the network’s own cryptocurrency, peaked in December last year.

Author: Marko Vidrih

Charts credit: Diar