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dApp Transaction Volumes Hit New Highs in April

Dapp transaction volumes hit new highs in april

dApp Transaction Volumes Hit New Highs in April

Dapp transaction volumes hit new highs in april

April was an excellent month for Ethereum, as users of Ethereum-based decentralized applications (dApps) transacted a whopping 776,000 ether (ETH). This marks a new high in both ether and USD value, though the number of newly deployed dApps has also hit a 15-month low, according to a Diar report on May 6, 2019.

Higher Transactions, No New Trends

As stated in the latest Diar report, the total number of ether tokens transacted on Ethereum dApps in April 2019 surpassed the all-time-high of December 2018 by a tiny margin, setting a four-month growth trend in on-chain volume. At the same time, the number of new dApps has taken the opposite direction, crashing to a 15-month low.

Reportedly, 776k ether (about $132 million) was transacted on Ethereum-based decentralized exchanges (DEX) and decentralized gambling applications.

Notably, the report has also revealed that the Ethereum dApp transaction volumes represent a 46 percent increase and a massive 186 percent when compared to volumes seen at the beginning of 2019 when they hit an all-time low.

While user activity is steadily increasing on existing Ethereum dApps, Diar says new projects are not going on-chain, even though Ethereum is arguably the platform of choice for developers.

Specifically, only 88 new decentralized applications were deployed on the network, hitting the lowest level since the start of 2018 when the entire crypto markets went through a severe “recession.”

“April wraps up a continuous declining trend in deployment since September 2018, bar a flurry of new dApps that got launched at the end of 2018 which marked the highest point of development to date,” declared Diar.

Although blockchains like TRON (TRX), IOST, and others are working to attract devs to their platforms, Diar says developers’ interest in Ethereum is still very high. Truffle Framework downloads, for instance, have hit an all-time high in 2019, “with sustained quarter-on-quarter growth.”

With other blockchains continually raising the bar, Diar says developers are exploring alternatives, as demonstrated by the impending migration of Aragon from Ethereum to Polkadot.

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Published at Tue, 07 May 2019 16:08:19 +0000

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Tim Draper: People Will ‘Laugh At You’ For Using Fiat By 2022

Serial investor, bitcoin holder and Tezos advisor Tim Draper says fiat currency will be “laughable” within just five years.

Cryptocurrency Will Be ‘So Relevant’ In 5 Years

In comments to Forbes at the WebSummit 2017 conference in Lisbon, Draper, who purchased bitcoins in the Silk Road auctions now worth over $200 million, said people who use fiat in 2022 will find people ridiculing them.

“In five years, if you try to use fiat currency they will laugh at you,” he stated.

Draper’s forecast is a bold depiction of bitcoin and cryptocurrency’s ability to achieve mass adoption along the lines of John McAfee’s $500,000 price prediction by 2020.

The mogul remains steadfast in his beliefs as Wall Street begins to see genuine commitments to interacting with “new asset class” bitcoin in the form of futures trading.

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In the medium term, cryptocurrency will usurp fiat activity and become the natural choice, Draper says.

“bitcoin and other cryptocurrencies will be so relevant… there will be no reason to have the fiat currencies,” he continued.

Smart Wallets, Thousands Of Coins

The future landscape may not be bitcoin-dominated. Rather, multiple – or even thousands – of cryptocurrencies would interoperate, wallets picking the best-value option for payment at point of sale.

“My guess is that it will centralize around a wallet that you have, and when you pay for that Starbucks, your wallet will optimize to whichever currency has most value,” he added.

“Good marketing people” would be the situation easy for lay consumers to understand.

Draper has equally vigorously defended current upset at Tezos as the project is hit with a user-activated lawsuit over its ICO funds worth over $500 million.

Having remained silent as news of infighting between developers and the Swiss custodian of the funds broke last month, he sought to defend Tezos’ ICO practices after news media outlet Cointelegraph published material alleging foul play.

Do you agree with Tim Draper’s 2022 fiat currency predictions? Let us know about in the comments below!

Images courtesy of Shutterstock, Twitter

The post Tim Draper: People Will ‘Laugh At You’ For Using Fiat By 2022 appeared first on Bitcoinist.com.

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