Report: Ether Transaction Volume on DApps Registers New All-Time-High

Ether volumes on DApps have registered a new high, while new DApps coming on chain are significantly low.

Ether (ETH) volumes on decentralized applications (DApps) have registered a new high, but new DApps coming on-chain are significantly low, crypto analytics firm Diar reported on May 6.

The volume of ether transacted in April on DApps broke the previous record which was set last December by a small margin. This, Diar notes, marks a four-month growth trend in on-chain volumes, with 776,000 ETH transacted.

Diar further notes that this year is the longest growth period in terms of transacted volume that DApps have ever seen. Almost $132 million transacted on DApps are marking a four-month in a row growth and an eight-month high.

Monthly DApp volumes. Sources: Dar

At the same time, the amount of new DApps deployed on-chain is at a low, which nearly reflects 2017 levels, with 88 new DApps being deployed. Diar wrote, “Last month wraps up a continuous declining trend in deployment since September 2018, bar a flurry of new DApps that went on-chain at the end of last year, which marked the peak of development to date.”

In late April, Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain. Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%.

Cointelegraph recently reported that, in April, on-chain transactions on the bitcoin (BTC) network also hit fresh highs not seen since 2017.

Original Article


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2987,Press Releases,338,Sponsored,137,
CryptoNomus: Report: Ether Transaction Volume on DApps Registers New All-Time-High
Report: Ether Transaction Volume on DApps Registers New All-Time-High
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy