Ethereum has outperformed EOS and Tron in blockchain games

A new report from DappRadar , a dapp data aggregator, claims that Ethereum (ETH) now leads the blockchain gaming sector, with both EOS (EOS) and Tron (TRX) “falling” in 2019, despite the merits of both competing platforms.

The authors of the report say that the growth of the Ethereum dapp ecosystem (decentralized application) was stimulated by a broader upward trend in the gaming sector, of which EOS and Tron instead benefited less.

They write:

“2019 saw Ethereum strengthen its leading position for blockchain gaming as competition from seemingly more capable blockchains such as EOS and Tron has lapsed.”

And despite the spike in user activity, monetization is still a problem, according to the report, which notes that only a few game operators use their ERC20 tokens, with most using instead of non-fungible tokens (NFT). Furthermore, since the Ethereum blockchain is a popular medium for gaming developers to create NFT markets, “in the vast majority of cases, we are not talking about games that are entirely running on the blockchain.”

In both cases, the title of the game My Crypto Heroes was mentioned, which charges ETH users 0.1 (USD 12) per month for its VIP Prime subscription services. The game had only a few hundred players in January, rising to “well over 3,500” by the end of the year and is the only dapp in any category to support an audience of over 1,000 active daily portfolios.

The report had other good news for Ethereum, which stated that the blockchain platform “to date remains the only blockchain that has successfully nurtured dapps in four categories: decentralized finance (DeFi), exchanges, games and bets and ad high risk.”

The authors say that the unique daily active portfolios in the Ethereum dapp ecosystem have increased by 118% this year, reaching over 19,000 in mid-December.
They also noted that:

• DeFi has the smallest user base with the highest value
• Exchanges are more used with a lower daily value, while
• Games / Markets and Bets / High Risk generate insignificant value despite their much higher daily activity

In comparison, daily activity for EOS dapps increased in the first half of the year, reaching a peak of 54,000 daily active single portfolios on all dapps in early June. “And while activity on the EOS dapp ecosystem has supported around 40,000 daily portfolios for most of the year, the launch of the EIDOS token – at best a malicious experiment gone wrong, at worst an aggressive DDOS attack – it meant there were less than 15,000 in December, “according to DappRadar. Meanwhile, in April, the total number of daily unique active portfolios interacting with Tron Dapps peaked at over 30,000 and then dropped to an average of 17,500 by the end of the year.

But Ethereum fans may want to hear some warning words from the report before celebrating.

The authors claim that ERC20 tokens – rather than Ethereum tokens – are responsible for “most of the value generated” on the Ethereum blockchain.

And the profitable betting dapps market also appears to be out of reach for Ethereum – at least for the time being.

DappRadar states,

“Although Ethereum was the first blockchain that betting dapps and (their more complex relatives) high risk dapps were able to use, it is now clear that Ethereum is not a suitable platform for such activities.”

The reasons for this, according to the report, are slower block times, as is Ethereum’s business model, which involves charging a gas tax for each transition. (Further information: Ethereum-based crypto-games fall into the “Gambling” category – Study)

The report ends by stating that although 2019 failed to meet the (admittedly high) commentators’ expectations on Ethereum, the blockchain could claim a certain level of achievement, indicating “the correct distribution of two hard forks and symbolic events such as Flippening “As proof of” its growing evolution as functional technology. “However, as reported yesterday, Ethereum is now forced to have another hard fork in January due to a mistake made during the previous one.