Dapps ecosystem on April: Pyramids, bull run and an idle-clicker
DappRadar.com — ethereum dapps list with in-depth analytics.
Ethereum dapps market is in urgent demand of useful dapps. Last month’s activity brings us interesting and exciting insights about current situation. Here I am going to overview some key points on what happened and what is needed to continue growing!
Pyramids
Have you ever heard about PoWH3D ? I think so. But if you somehow have not, check out my previous article. It was around for a while but the real crush happened in the beginning of April when PoWH3D started growing so fast and clones started to appear.
PoWH3D accumulated almost 20 000 ETH in a short period of time. Looking at the pyramid’s success, copy cat projects started to appear. DappRadar was getting a few new pyramid dapps submissions each day. Then PoWH3D collapsed to 12 000 ETH in hours and so did clones.
While PoWH3D owners were never hiding it is a pyramid scheme, most of its users were advertising it as an investment option for personal benefits. Here comes the dilemma of decentralised dapps — things like pyramids and ponzis appear and we can do nothing about them.
Looking to the bright side, this pyramids hype brought a lot of newcomers to dapps. PoWH3D reached over 4 000 Daily Active Users (DAU) and became #1 dapp on DappRadar. I believe for a lot of PoWH3D users it was the first dapp ever and it opened the doors for them to try other dapps.
Looks like even the worst things can bring long term value!
Market cap matters
On April 11, Ethereum’s and other cryptocurrencies market cap started growing up again and we saw increase in dapps users count and especially in decentralised exchanges such as IDEX and ForkDelta.
IDEX daily active users count then reached 4 000 and was a #1 dapp on DappRadar for some days.
Actually usable dapps — our biggest hope
On April 13, EtherGoo was re-released. EtherGoo is a first ever idle-clicker game on Ethereum blockchain. The very first contract had some bug and that required the game to be fixed and released again. The game instantly got stunning attention, accumulating over 4 000 Daily Active Users.
Key points about why EtherGoo succeeded:
- Actual gameplay. How many games we have out there that you would come back tomorrow after the first try ? I could count on my fingers.
- The game was free to play. Transactions costs applied, of course, but the game was completely playable without buying any items in-game (paid items are available but not mandatory).
- Incentive to play. Every day 10% from the total prize pool is shared between all the token holders depending on how much Goo they produce. With such a reward system it is possible to get your transaction fees refunded and then the game is really free to play.
What’s next ?
My personal opinion — games. There are tens of games being developed on ethereum blockchain right now and they are getting into pre-sale phase. Soon after we will see the releases of many playable MOBA, real-time strategy and other types of games, both on desktop and mobile devices.
Games on blockchain could be the next thing to boost the dapps ecosystem and attract new users. Follow DappRadar on Twitter to find out about new dapps first!
