Crypto

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.

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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.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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