No longer a secret that blockchain has much greater potential than further development and integration only in the field of digital currencies. The scope of application of this technology is broad and involves all the industries where the storage of a large data amount is a natural part of the business process. If this is the case, can we say that an era of mass blockchain adoption has already come, and if not, what prevents the technology from going mainstream?
Billion-dollar technology: the wind of change
In 2019, the total volume of nine leading blockchain networks reached 10 billion US dollars, which is 158.5% of the values of 2018. At the same time, the number of active DApp users doubled in 2019 and reached 3.11 million, 89% of which are newcomers. On the one hand, this is excellent statistics: user awareness and engagement are increasing, but there is a problem with their return.
Nowadays every second DApp is a representative of the gambling sector and it’s the only type of DApp having over 1 million new users. Why did this happen and will this trend change in the near future? The gambling sector will likely continue to occupy one of the leading positions in this market. However, its main competitors are already clearly visible. Financial services such as lending DApps showed the greatest progress in 2019: the number of their users increased by 610% (while the number of gambling users increased by half less – 372%), transaction volume grew by 251% (the volume of gambling DApps increased by 98%). Such progress allowed finance DApps to become the second-largest sector of the whole DApp ecosystem.
Gambling vs financial sector – what will play the key role in their struggle? » Read Full Article «