Popular Dapps Contribute Nothing new to Crypto
There are always questions as to which Dapps are effectively popular and which are just a flash in the pan. A new report by DappRadar shows that high-risk projects will always attract a certain crowd, for some reason.
It is always intriguing to see how the Dapp ecosystem evolves.
High-Risk Dapps Remain Popular
With so many projects coming and going, it can become difficult to keep track of everything.
A new report by DappRadar shows that things are still evolving every quarter.
Especially high-risk projects and offerings will be of great interest to a lot of users.
This is primarily because gambling, betting, and high-yield investment programs have always been popular among crypto holders.
Overall, it would appear that Ethereum remains the go-to Dapp platform for most users.
It also maintains 99% of the entire transaction volume for high-risk offerings in Q1 2020.
The high-risk Dapp segment of Ethereum has also grown significantly, indicating that the growth spurt may not be over.
It is also worth noting that HEX contributed to a lot of this volume.
That project still remains controversial, despite it still attracting investors every week.
All in all, high-risk Dapps remain popular, yet they contribute nothing new to the blockchain and cryptocurrency industry.
Image(s): Shutterstock.com
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JP Buntinx, Khareem Sudlow