New Report Finds DApps Useless EOS Users Are Mostly Bots

New Report Finds DApps Useless  EOS Users Are Mostly Bots

The majority of blockchain DApps, including EOS, are clunky, slow, and struggling to attract users. Now, according to a shocking report by AnChain, theyre also rife with bot traffic.

Blockchain DApps Struggling to Attract Users

The vast majority of blockchain DApps are struggling to consolidate a user base. Decentralized exchanges suffer from lack of liquidity, a poor user experience, and high latency.

Most gambling DApps fail to offer a more attractive value prop than a regular smartphone app, and gaming DApps lack a compelling enough reason for users to take the extra steps. CryptoKitties may have been novel at first. But the buzz around decentralized collectible felines quickly faded.

On February 11, 2019, 93 percent of Ethereum DApps did zero transactions. These are not very encouraging results for the case of mass adoption. And its a lot worse than we thought.

According to a blockchain bot report released by blockchain security firm AnChain, most of the dismal stats churned out by DApps arent even coming from real people.

AnChain Finds Bot Activity Is Rampant in EOS DApps

AnChain uses AI to detect any suspicious activity among blockchain DApps and to monitor transactions. In what is the largest study of blockchain DApps and bot activity to date, the intelligence firm analyzed millions of transactions from the Top 10 EOS gambling DApps.

Gambling DApps on EOS make up the majority of all transaction volume, accounting for around 65 percent. What they found was disturbing.

In the first quarter of 2019, blockchain bots made up 51 percent of unique accountsand more than 75 percent of transactions! As the report states:

In other words, every day the equivalence of $6 million USD in transaction volume is driven by bad bots.

Good and Bad News for Ethereum as EOS on the Chopping Block

The good news for Ethereum is that its DApps arent mentioned in this report. The bad news is that they werent studied by AnChain as:

EOS is the #1 DApp blockchain with $480 million in weekly transaction volume.

To be fair, Etherum still has more DApps than any other platform. The only problem is that most of them have low-to-no adoption.

All but one of EOS top performing DApps are gambling related and bot-driven. So, what does this mean, if anything, to the crypto space at large?

Rather like Bitwise reporting that 95 percent of trading volume is fake on cryptocurrency exchanges, if the growing number of DApps is a metric to measure blockchain adoption, then it cant be trusted since its being manipulated by interested parties.

This could be to boost DApp rankings through bot transactions, increase the liquidity of DApp utility tokens, earn profits on payout dividends or even sabotage competing DApps by congesting them with traffic.

In short? It turns out it wasnt just a suspicion or bias. Blockchain DApps are in fact more useless than we thought.

What do you think about DApps? Do they have any use in the real world? Share your thoughts below!

Images via Shutterstock

The post New Report Finds DApps Useless EOS Users Are Mostly Bots appeared first on

05.06.2019 / 05:20 36
Report: Ethereum (ETH) DApps Not Being Used Productively Report: Ethereum (ETH) DApps Not Being
A new report claims that Ethereum-based Decentralized Applications (dapps) are not being used productively. While the industry of crypto has rightly
CryptoKitties Now Sells Its Crypto Collectible Cats for Around $1 CryptoKitties Now Sells Its Crypto
Remember when virtual cat game CryptoKitties collapsed the Ethereum network? The feline frenzy in 2017 saw gaming fanatics spend hundreds of
TRON Fastest Growing Decentralized Application (DApp) User Base TRON Fastest Growing Decentralized
TRON investors have reason to celebrate. While the entire cryptocurrency market is experiencing a bullish turn-around, with coin prices entering
Less Than 1.5 Million People Used dApps in 2018 Less Than 1.5 Million People Used dApps
According to a report from, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most
Ethereum and EOS Only Have 8 dApps Combined with 300+ Active Users Ethereum and EOS Only Have 8 dApps
According to Kevin Rooke, a cryptocurrency researcher, Ethereum and EOS currently have a combined eight decentralized applications (dApps) with more
Gnosis Creator: Ethereum Adoption is About dApp Network Effect, Not Users Gnosis Creator: Ethereum Adoption is
Martin K?ppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect
Comments (0)
Add a comment
Comment on