April 23, 2024

EOS, Bitcoin Cash, and Tron Developers Leave Projects Massively

EOS, Bitcoin Cash, and Tron Developers Leave Projects Massively

A new study from Outlier Ventures found a massive migration of DApps developers from the EOS platform.

According tocompanies, about 85% of developers leftEOS ecosystem. The number of active users has decreased by 80%. Most likely, because of this, EOS will not be able to remain in the top 10 blockchain projects. Currently, no more than 9% of DApps are launched in the EOS ecosystem. 

The TRON blockchain also has a sharpa decrease in developer activity, according to the report, the number of code updates fell by more than 50%. A similar crisis overtook the Bitcoin Cash network. A little more than 60% of its developers changed the platform.

Parallel Outlier Ventures notes elevatedinterest in new market participants. The non-profit Web3 fund released the first version of Polkadot just a month ago, but the number of developers has already grown by 40%. The recently launched Band Protocol 2.0, saw an increase in active developers by 15%.

According to the report, the decentralized computing space is currently dominated by Ethereum, which accounts for 80% of DApps products. 

The Ethereum ecosystem has released nearly 2,900 applications and more than 4,500 smart contracts, while EOS has replenished with only 325 dapps and 515 smart contracts.

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