$10,170,000,000 in Value Flowed Through Ethereum Network in Q2: Report

Decentralized apps built on the Ethereum blockchain reached a transaction volume of $10.17 billion in Q2 of 2020, according to Dapp.com.

In a new report, Dapp.com says Ethereum led the way in terms of transaction volume, dwarfing all other blockchains.

“In Q2, the transaction volume of ETH DApp is still leading far ahead, maintaining a $10 billion scale – nearly 10 times the sum of EOS and TRON’s.”

The remaining smart contract blockchains, which includes EOS, TRON, Steem, Hive, Chiliz, Terra, ICON, Klaytn, NEO, Tomochain, IOST and Vexanium, generated a total of $2.26 billion in transaction volume in the second quarter of the year.

The report also finds the number of active DApp users on Ethereum, Tron, and EOS jumped significantly in the quarter ending June.

“Ethereum has doubled (97%) its amount of active DApp users in Q2, with a sharp increase from 637,278 in the first quarter to 1,258,527 this quarter, reaching its ATH. At the same time, the number of active DApp users on EOS and Tron also grew by 30% and 50% respectively, reaching 116,389 and 392,657 respectively.”

Despite the increase in transaction volumes and users, there were only 99 new DApps this quarter across all 12 blockchains, representing the lowest number of new DApps launched in three years.

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