One of the biggest use cases for blockchain technology as we use it currently are decentralized applications (dapps). The industry has put a lot of weight on dapps, and platforms supporting their development have exploded in popularity in recent years.
Some of the largest and most highly anticipated crypto projects supporting dapp development platforms include Ethereum (ETH), EOS (EOS), Tron (TRX), Cardano (ADA), Stellar (XLM), and Neo (NEO). These projects are among the most highly valued in the space, but who’s really using them?
Dapp Adoption is Slim to None
While cryptocurrencies supporting dapp development are highly valued, this may be an inflated look at the true value they provide, because actual dapp adoption is slim to none.
According to research by LongHash, a blockchain analysis and research firm, a mere 180 out of 1,812 Ethereum dapps have associated ERC20 transactions on any given day.
As seen in the image below, only 10% of Ethereum dapps were active on…