87% of New Dapps Launch on Ethereum Says Survey

Ethereum dominates the dapp space by far as the platform of choice for new dapps according to one of the most extensive survey of its kind.

Fluence Network, a blockchain data analytics start-up, says they reached out to 900 projects out of 1,624. About 700 had no means of contacting them, while 160 completed a survey.

Some 72% of all dapps launched in 2018 (pictured above) they say, with the vast majority self-funded at close to 60% while 16% had an ICO with 18% being VC backed.

87% of dapps use ethereum, with 19% on EOS and 8% on Tron. 10% choose one or more platform with 4% building on all three.

An incredible 63% choose Infura to connect to the ethereum network, with Infura being a node infrastructure provider handling billions of requests per day.

One reason for choosing Infura was because “Geth could not finish synchronisation for 4 weeks on a good machine,” according to feedback from Alice devs with Alice itself being an interesting project that ensures you pay a charity only if they achieve their stated goals.

In addition, “almost half (48%) of surveyed DApp projects were relying on a traditional cloud to run their backend code,” the survey says, adding:

“The same number of DApps were using a decentralized storage solution like IPFS (32%) as were using a centralized CDN (31%). A similar proportion was found in respect to databases: 31% of DApps relied on a centralized database while 25% of DApps used a decentralized DB.”

The survey makes for a sombre and a more realistic reading of pain-points, with most dapp developers saying on-boarding users was an obstacle in addition to safely storing the crypto.

Their main concern, however, was the “limited number of users” (67%) and “poor user experience” (44%) with 36% citing scalability which itself might affect the other two.

So although ethereum does dominate by far, there’s a lot that can be improved with the crypto space still at a very early stage of the game.

Copyrights Trustnodes.com