Only three of the top 50 decentralized apps (dApps) are currently running on the Ethereum network, with dApp developers now turning to other platforms like EOS and TRON, according to data obtained from DappRadar.
Top dApps developers prefer EOS and TRON
DappRadar has been monitoring transactions carried out on Ethereum, EOS, and TRON. Ethereum currently handles 15-20 transactions per second – very low compared to EOS’s 4,000 transaction per second and TRON’s 2,000 transactions per second.
Amongst the top 50 dApps, only three are currently running on the Ethereum network. EOS, which is the fifth largest crypto in terms of market cap, leads the way with 26 dApps. The remaining 21 dApps are hosted on the TRON network.
The primary reason behind Ethereum’s woes is the scaling issue that has affected the network. The Ethereum blockchain was originally designed to host dApps, but continues to battle scaling problems. Last year, Ethereum co-founder, Vitalik Buterin, said that until a better scaling mechanism is in place on the platform, developers shouldn’t expect to run high-throughput apps on Ethereum. The situation might soon change, as the company’s developers have been working on possible scaling solutions for the network.
While Ethereum works on its scaling solutions, EOS and TRON are controlling a large share of the dApp market. At the moment, EOS and TRON account for 94 percent of all monetary transacted across all dApps, with Ethereum controlling just 6 percent of the share, according to data from blockchain research unit Diar.