RATE Group | Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend
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Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend

21 Jan Ethereum DApps Saw 1.2m New Users in 2019: It’s Tremendous For Long-Term Price Trend

Posted at 10:09h in Ethereum News by

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Decentralized Applications (DApps) on the Ethereum network recorded over 1.2 million new users in 2019. Continuous growth of the ETH ecosystem is an essential fundamental factor for its long-term price trend.

Report shows there is fast growth everywhere for Ethereum

The main area of parabolic growth for Ethereum throughout the past year has been Decentralized Finance (DeFi). In the years ahead, industry experts forecast DeFi to be the biggest driver of Ethereum adoption.

Alongside DeFi, the solid growth rate of DApps is a crucial fundamental factor for ETH in the long run because it indicates increasing usage of Ethereum across various markets outside of finance.

The DApp.com 2019 annual report read:

“Ethereum has over 1.4 million active dapp users throughout the year, including 1.28M new users and 137K old users, which accounted for 10% of the total amount of active users.”

Currently, gambling accounts for the overwhelming majority of DApp usage on both Ethereum and other major…

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