2020 Q1 Dapp Market Report by DappReview

As the Black Swan of 2020, the Coronavirus outbreak spread rapidly around the world and triggered the global market sell-off. Crypto market tumbled sharply in two consecutive days in March, which had a direct impact on the dapp market in Q1.

Q1 Highlights

• A total transaction volume of $ 7.9 billion across 13 blockchains, increased by 82.2% compared to 2019 Q1. The major three protocols, Ethereum, TRON and EOS, contributed over 99.1% of the total volume. Only Ethereum had growth YoY, while TRON and EOS both suffered decreases in users and transaction volume.
• Ethereum-based DeFi projects are the main volume growth driver, increasing 778% compared to 2019 Q1.
• Casino dapps, the popular category in last year, were down 64.6% in terms of volume.
• The total active addresses interacted with dapps dropped 22.1%.
• 254 new dapps were launched in Q1, 60% lower than Q1 2019.
• Game, Exchange and Casino are the top 3 sectors in terms of active addresses
• Many creative new products are launching and evolving in the Game, NFT, CryptoArts space.