Editor's Note: This article comes fromDappReview（ID：dappreview）, reprinted by Odaily with authorization.
Editor's Note: This article comes from
, reprinted by Odaily with authorization.
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Q2 core highlights:
In the second quarter, the transaction volume of the Dapp market hit a new high of US$16.73 billion, an increase of 153.7% year-on-year from Q2 (US$6.59 billion) last year. Among them, Ethereum monopolizes 85.3%, and TRON and EOS together account for 14.3%.
Risky Dapps are popular on Ethereum and TRON, and their players pay huge fees to Ethereum miners.
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Ethereum
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The total transaction volume of Ethereum’s dapps in Q2 2020 was US$14.27 billion, an increase of 334% from the same period last year (US$3.28 billion).
In mid-to-late June, multiple DeFi projects such as Compound, Balancer, and Curve started loan mining successively, bringing a large amount of ERC-20 token transaction volume. On June 21, the single-day transaction volume of Ethereum Dapp hit a new high, reaching 988 million US dollars.
In Q2 of 2020, Ethereum Dapps still maintained a good diversity. The transaction volume of games, lottery and other Dapps was the same as last year; the transaction volume of financial and trading Dapps rose sharply.
In this article, we classify lending projects (such as Maker, Compound, bZx) and derivative projects (such as Augur, etc.) as Finance, and decentralized exchanges (such as Kyber, Uniswap, Tokenlon) as For the transaction class (Exchange). These two types of projects are collectively referred to as the DeFi category. In the second quarter of 2020, compared to the same period in 2019:
Financial Dapp transactions reached US$9.5 billion, a year-on-year increase of 1391.2%
The transaction volume of exchange Dapp reached 4.21 billion US dollars, a year-on-year increase of 101.6%
In addition to DeFi Dapps, another rapid growth on Ethereum is risk Dapps. In the second quarter of this year, the average number of daily active addresses of Ethereum was 44,359, a year-on-year increase of 202%, among which high-risk types accounted for more than 60%. If the high-risk types are removed, the average number of daily active addresses is 18,103, a year-on-year increase of 34.86%.
The total transaction volume of risk Dapp Q2 reached 405 million US dollars, a year-on-year increase of 78.56%; the total number of users exceeded 1.16 million, a year-on-year increase of 1331.65%, accounting for 73.86% of the total number of users.
Due to the huge trading volume of risky Dapps, Ethereum was blocked, which indirectly affected game Dapps, resulting in a continuous decline in the number of users, with a quarter-on-quarter decrease of 29.21%.
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ERC-1155
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When most websites only track ERC-20/ERC-721, DappReview has launched a new ERC-1155 data tracking website - enjin.dapp.review.
In the second quarter of 2020, there were an average of 1,933 asset transactions per day on the Enjin platform, with an average daily transaction volume of $1,363. There are currently 6,636 assets on the Enjin platform that have minted a total of 1.05 billion ERC-1155 NFTs with a total value of $1.51 million.
encrypted artwork
The encrypted art market has become active since the end of 2019. This report makes statistics on three encrypted art platforms—SuperRare, KnownOrigin, and MakersPlace.
The total transaction volume of these three encrypted art platforms increased from US$267,000 in the fourth quarter of 2019 to US$840,000 in the second quarter of 2020, an increase of more than 50% for two consecutive quarters. In addition to these three, the total transaction volume of Async Art, an encrypted art platform that has just been launched for 4 months, also exceeded 222,000 US dollars.
At present, there are more than 2,000 artists and nearly 3,000 collectors in each platform art.
There are a total of 768 active Dapps on Ethereum in Q2 2020, a decrease of 127 from Q2 in 2019.
There are 40 active financial Dapps, an increase of 24 from last year.
There are 93 active trading Dapps, an increase of 14 from last year.
There are 146 active Dapps in the game category, a decrease of 63 from last year.
There are 84 active Dapps in the lottery category, a decrease of 41 compared with last year.
TRON
There are 155 active risk Dapps, a sharp increase of 69 compared to last year.
TRON’s total Dapp transaction volume in the second quarter of 2020 was US$370 million, a quarter-on-quarter decrease of 10.40% (2020 Q1: US$410 million). In the second quarter, lottery is still the main force of TRON, contributing 313 million US dollars in transaction volume, accounting for 83.8% of the total transaction volume.
From the category point of view, the diversity of TRON Dapp ecology is increasing. The addition of JUST and Oikos.cash has strengthened the TRON DeFi ecosystem.
In the second quarter, the total transaction volume of financial Dapps was US$17 million, 172 times that of the first quarter, of which JUST contributed US$12.52 million in transaction volume, and Oikos contributed US$610,000 in transaction volume.
Similar to Ethereum, risky Dapps on TRON developed well in the second quarter, with a total transaction volume of more than $12.8 million, a quarter-on-quarter increase of 1627%.
In terms of games, relying on the outstanding performance of ChainZ Arena and Babaoshu, the total transaction volume of TRON’s game Dapps in the second quarter exceeded US$4.3 million, a quarter-on-quarter increase of 83.4%.
The transaction volume of Dapps in other categories was basically the same as that in the first quarter.
The total number of active addresses in the second quarter of TRON was 521,774, and the average number of daily active addresses was 26,250, a quarter-on-quarter increase of 5%. In terms of categories, the number of users of games, other categories, risk categories and trading categories has all rebounded.
The active addresses of game Dapps are 21,414, an increase of 58% month-on-month
The active addresses of risk Dapps are 107,848, an increase of 190.8% from the previous month
The active addresses of trading Dapps are 43,873, a quarter-on-quarter increase of 139.6%
In Q2 2020, TRON has a total of 350 active Dapps, which is 82 fewer than Q2 in 2019.
There are 50 active Dapps in the game category, 16 fewer than last year.
There are 120 active Dapps in the lottery category, a decrease of 22 compared to last year, which is the category with the largest number of active Dapps on TRON.
There are 5 active financial Dapps, an increase of 4 from last year.
There are 7 active trading Dapps, the same as last year.
EOS
The total Dapp transaction volume of EOS in the second quarter was US$2.02 billion, a quarter-on-quarter (Q1: US$1.75 billion) increase of 16.65%. The average number of EOS daily active addresses in the second quarter was 18,520, a quarter-on-quarter increase of 62.27%. It is worth mentioning that because many Dapps use robot accounts to falsify data, there is still a lot of water in these daily active addresses (the same thing It also happened on the Dapps of Ethereum and TRON, mainly gambling and risk Dapps).
The transaction volume of EOS Dapp mainly comes from lottery and transaction Dapps, which together account for 99.62% of EOS Dapp transaction volume:
The total transaction volume of lottery Dapps exceeded US$439 million, an increase of 8.8% month-on-month.
The total transaction volume of trading Dapps exceeded US$1.57 billion, an increase of 25.28% month-on-month.
Game Dapps such as Encrypted Three Kingdoms, Upland, and Chainz Arena have developed well on EOS and become the most popular games in the EOS ecosystem. The total transaction volume of game Dapp was 1.88 million US dollars, an increase of 85.08% from the previous month. The total number of active game addresses was 34,577, a quarter-on-quarter increase of 40.33%. The number of active addresses of lottery Dapps in the second quarter was 40,139, an increase of 64.17% from the first quarter.
In Q2 2020, TRON has a total of 374 active Dapps, which is 7 fewer than Q2 in 2019.
There are 61 active Dapps in the game category, an increase of 6 compared with last year.
There are 160 active Dapps in the lottery category, a decrease of 40 from last year, which is the category with the largest number of active Dapps on EOS.
There are 8 active financial Dapps, an increase of 5 from last year.
There are 25 active trading Dapps, an increase of 4 from last year.
There are 21 active risk Dapps, an increase of 10 from last year.
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Steem & Hive
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Hive is a chain forked from Steem after it was acquired by the Tron Foundation. After the Hive mainnet went live on March 20, multiple Steem Dapps were migrated/replicated to Hive. Dapp Splinterlands, the largest game on the original Steem chain, was migrated to Hive on June 1, causing the average daily active users on Hive to increase by 136.2%, while the average daily active users on Steem decreased by 58.8%.
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IOST
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NEO
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ICON
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ICON Network is a general-purpose blockchain protocol based on the local cryptocurrency ICX, which can run smart contracts, adopt the BFT-DPoS (Delegated Proof of Stake) consensus protocol, and use the economic governance protocol of DPoC (Contribution Authorization Proof Mechanism).
In the second quarter of 2020, the total transaction volume of ICON Dapp was 20.88 million US dollars, an increase of 2.2% compared to the first quarter of 2020. The most popular casino Dapp, ICONbet, contributed $20.1 billion, or 96.4% of the total.
Q2 Review and Outlook
In the second quarter, many major developments have taken place in the Dapp field, and many excellent products have also appeared. Here's a list of Q2 project updates you shouldn't miss. (Due to limited time, the list may not cover all important events/updates/projects, please drop us a note if you want to add more content)
Crypto Art/NFT
Decentraland: On April 10, Decentraland and Binance launched a joint initiative to donate to the frontline personnel fighting against the new crown pneumonia. , the campaign raised over $5,700, and Decentraland has pledged to donate another $10,000 on top of the community donations. Decentraland also encourages users to create in the virtual world, launching a content creator incentive program in May, providing creators with rental fees of MANA and LAND. In mid-to-late June, Decentraland held its first art week, during which virtual museums and galleries of SuperRare, PixelChain, MakersPlace, KnownOrigin and other projects opened on Decentraland.
Cryptovoxels: The Cryptovoxels version is updated very quickly, from version 3.25.0 to version 3.81.0 in the second quarter. In addition, the land sales of Cryptovoxels are also very good. It completed the final auction of the Origin City land in April, and released a new island called Proxima in May, and the land of Proxima was also sold out quickly.
Somnium Space: Somnium Space cooperates with Czech real estate agency MAXIMA to provide virtual reality real estate rental, construction and intermediary services to the public. The official launched the land rental function in May. The second land sale started in March and ended in May, and lasted for ten weeks, earning more than 2,000ETH in total.
SuperRare: In April, SuperRare celebrated its 2nd anniversary on Cryptovoxels. In May, SuperRare held an auction at the Ethereal Virtual Summit, and 50% of the auction proceeds were donated to fight against the COVID-19 epidemic. In June, SuperRare held a virtual reality art exhibition on VRChat and announced that it began to support the tokenization of 3D artworks. In addition, SuperRare has also received investment from the DAO investment group LAO. In the second quarter, a total of 2,439 artworks were sold, and the average price of artworks increased by 60% from the previous quarter, bringing artists more than $1 million in income.
KnownOrigin: KnownOrigin also ushered in the second anniversary of its launch in April. In mid-April, it also opened a virtual gallery in Cryptovoxels. At the opening ceremony of the gallery, two works by artist Trevor Jones were exhibited: "The Bull" and " The Bear". They were eventually sold for 90ETH. At the end of June, KnownOrigin’s gallery on Decenraland also officially opened. At present, since the launch of KnownOrigin, the total historical transaction volume has reached 1,500ETH. More than 300 artists have created more than 5,000 works, and nearly 1,500 people have collected these works.
PixelChain: PixelChain, a platform for creating pixel art on the Ethereum blockchain, opened to the public in late April. In the first week of opening, the transaction volume reached 55ETH. Thanks to platform feature updates and cooperation between platforms, PXC owners can import their own pixel art in Cryptovoxels and Decentraland. PixelChain also partnered with the blockchain game EthernalWorld to hold a pixel art competition, and the winning entries will be embedded in the game.
Async.Art: Async.Art is a platform for programmable artwork that can change based on input from the real world, such as bitcoin prices, COVID-19 data, day-night cycles, and more. In the second quarter, a total of 18 main canvases and 114 layers were sold, with bids reaching 2,250.8 ETH (approximately $531,000), and total sales reaching 414.89 ETH (approximately $82,000). In June, Async.Art App was released, which is also the first encrypted art application on smart TV. Async.Art also has a designated gallery at DCL as part of Genesis Art Week.
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Skyweaver: Skyweaver keeps optimizing and updating in the second quarter. In mid-April, 3 new heroes and 150 cards were updated, and the card trading market and card group interface were updated. On April 19, the second Sky Champions tournament kicked off. In May, a brand-new experience incentive system was launched, a PvP time penalty mechanism was added, and a series of skin and game background screen updates were carried out, continuing to make steady progress towards the public beta version.
The Sandbox: The blockchain sandbox game The Sandbox completed the update of the VoxEdit editor in the second quarter, released the Alpha version of the visual scripting tool Game Maker, and added two ERC-20 tokens, Catalysts and Gems, to define the game The level, scarcity and attributes of the asset. In terms of operations, The Sandbox has cooperated with the MMO strategy game League of Kingdoms and the role-playing game Chainbreakers, and established a cooperative relationship with the Ethereum wallet MetaMask. In early June, The Sandbox opened a round of moon-themed LAND pre-sales, which lasted for one month.
Axie Infinity: Axie Infinity is a cute pet collecting game. At the end of April, Axie partnered with esports-focused DAO project MetaClan to hold a breeding competition. At the same time, COO Psycheout became a new board member of the Blockchain Gaming Alliance (BGA). At present, Axie has ended the competition for the fourth to sixth seasons, and the seventh season is in progress. Except for the bonus of KNC in the fourth season, the bonus of other seasons is DAI.
SoRare: On May 12, Sorare officially migrated from Loom to Ethereum. In terms of operation, the game has established a cooperative relationship with the Opera browser. The official also launched a membership program, and participating in game promotion can earn commissions. In terms of teams, Sorare has newly joined Real Betis, Shakhtar Donitsk, CSKA Moscow, Gimnasia and many other powerful teams. Among them, the card of Gimnasia's head coach Maradona is also online on the Sorare platform. At the end of June, with the addition of the Korean K-League and the American Major League Soccer, Sorare's territory in the football world has been further expanded. In addition, the transaction volume of Sorare ranks among the top among game Dapps, and a rare card of Ronaldo was sold at a price of 59.181ETH.
God Unchained: The blockchain card game Gods Unchained has updated the game engine and graphics, and has iterated to version 0.23. The game's official marketplace now supports trading card backs, battle panels, and trinkets. Last month, GU also released a set of cards specifically for new players, which is a collection of 70 cards that are not stored on the blockchain and cannot be traded and merged.
My Crypto Heroes: From the end of April, MCH prohibits users from using email to create new accounts. Players who use Google to log in to the game need to migrate their accounts to Ethereum. After the opening of the 16th season, MCH changed the "Dungeon Hero System" to allow more players to participate in PvP battles. Currently, Season 18 is underway. At the same time, the official release of the community activity support plan encourages the community to hold more contests initiated by users. In mid-June, MCH and Binance Charity Foundation jointly held a charity event to fight against the epidemic.
Splinterlands: On April 9, Splinterlands integrated the WAX Blockchain. In addition, the game began to accept HIVE and HBD token payments from the beginning of April, and integrated Hive-Engine at the end of the month, allowing users to send multiple game tokens to the HIVE Engine wallet. On June 1, the game was officially migrated from Steem to the Hive blockchain. Splinterlands has also made an API update that will phase out the API for the steemmonsters.com domain.
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DeFi
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Maker: In terms of governance updates, MakerDAO has added WBTC, TUSD, KNC, and ZRX as Dai collateral. Dai limit increased to 123 million. On April 24th, MakerDAO launched an executive vote and decided to officially shut down the single-collateral Sai system on May 12th. In terms of product integration, Blockchain Art Exchange has begun to accept Dai for digital art transactions; Decentral Games supports the use of Dai to purchase and bet on Tominoya Casino’s NFT. In May, Maker and Dharma cooperated to launch an emoji reward activity on Twitter. Furthermore, Dai became the most popular cryptocurrency in Latin America. Marble Cards and Battle DAO were awarded 1,500 Dai each, becoming the first recipients of the Dai game plan.
Uniswap: In the second quarter, Uniswap, a decentralized trading protocol, completed its seed round of financing, led by cryptocurrency investment institution Paradigm, with an investment of US$1 million. In addition, the USDC Bootstrap fund established by Coinbase invested USD 1 million in USDC in Uniswap's USDC/ETH fund pool. On May 18, Uniswap V2 was launched, adding new functions such as ERC20/ERC20 trading pairs, price oracles, and lightning interaction. Two days after its release, its liquidity grew to $11 million, a quarter of Uniswap V1. In addition, Uniswap also sponsored the HackMoney hackathon; in June this year, Uniswap announced that it would withdraw $10,000 from the Unisocks liquidity pool to donate to the National Association for the Advancement of Colored People (NAACP) and Black Girls CODE, which is committed to providing technical education for African-American girls Two non-profit organizations to support economic and legal equality. At the end of June, the Uniswap team launched a new mechanism, and the open source Uniswap interface will be automatically deployed to IPFS every day.
Kyber: In the second quarter, Kyber successfully processed more than $1 billion in on-chain transaction volume, and more than 5 million KNC were burned. In terms of integration, Enjin Wallet and 2Key Network have integrated Kyber's on-chain liquidity protocol, enabling ERC20 token exchange. The blockchain strategy game League of Kingdoms uses the Kyber protocol to accept ETH and ERC-20 token payments in the land pre-sale. In terms of cooperation, ParaFi, an encrypted asset investment company, has invested in Kyber and established a cooperative relationship to jointly prepare for the launch of KyberDAO. Stake Capital cooperates with Kyber to provide convenient KNC staking and delegation services. Kyber has newly added more than ten currencies including COMP, BUSD, BAND, and QNT. Among them, COMP can only be sold after Katalyst is upgraded. Kyber Network’s next protocol upgrade, called Katalyst, is expected to go live on July 7.
Compound: From April 16th, COMP token holders will take over the governance of the platform, and protocol amendments will be proposed and voted by the community. On April 29th, the first community proposal was passed, which added USDT as a loanable asset with its own interest rate, but did not allow USDT as collateral. On May 28, Compound released information about the distribution of the governance token COMP. It will allocate 4.2 million COMP, and each ETH block will allocate 0.5 COMP. The tokens will be distributed in proportion to the interest generated in each market. The launch of COMP has stimulated the development and integration of new tools: the mobile wallet Exodus Wallet and the Ethereum security wallet Gnosis Multisig integrated the Compound protocol; both Opyn and UMA have released innovative financial tools for COMP. At the end of June, Compound’s funding scale was close to $1 billion, and it is now $999 million, a nearly seven-fold increase in two weeks. On July 1, a total of 17 exchanges joined the COMP token, and users can earn interest and COMP just by holding assets.
dYdX: On April 20, dYdX launched the BTC perpetual contract market. On May 19, the 24H trading volume of BTC perpetual contracts exceeded 14 million US dollars. On June 2, dYdX added the spot market function, and users can trade ETH, DAI, and USDC. On June 17, the BTC perpetual contract was renamed to BTC-USD, and users were allowed to deposit and convert USDT into collateral. The dYdX website also newly supports three languages: Chinese, Japanese and Russian, and has added an email notification service. At the same time, a membership program and a bug bounty program were released: members can earn 30% of transaction fees by referring users, and can earn up to $50,000 for each bug found.
tBTC: tBTC is an open-source project that allows people to safely use Bitcoin in Ethereum DeFi applications. Jointly developed by Summa, Cross-Chain Group and Keep. It has been running on the Ethereum Ropsten testnet since February. On May 15th, the first version of the tBTC mainnet was launched, and two days after the launch, the recharge was suspended due to the discovery of a loophole. tBTC launched the pledge airdrop (stakedrop) activity of its working token KEEP on June 8, and the activity will last for about 6 to 12 months. During this period, all ETH holders can become tBTC validators by staking ETH.
Futureswap: On April 21, the decentralized exchange FutureSwap was launched on the Ethereum mainnet. It allows traders to trade perpetual futures with up to 20 times leverage, and liquidity providers can earn fees and interest. The Alpha version of Futureswap was closed 3 days after its opening. The total trading volume in these three days was close to 17.02 million US dollars, and the total liquidity (Total Liquidity) was close to 1.36 million US dollars. Due to the trading volume far exceeding expectations, the team decided to advance Close the alpha version.
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Enjin: Grasshopper Farm, Cryptonom, and War of Ants games were all announced to join the Enjin multiverse in Q2. In addition, Enjin also released the EnjinCraft blockchain plugin in May, allowing people to integrate, use and trade blockchain game items in MineCraft servers. The MineCraft server "Hunters of Rio" (later renamed MyMetaverse) also integrated NFT with WordPress and MineCraft, allowing players to use legal currency to purchase blockchain game assets in the server and use them in the server.
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