2018 was the first year of the “dapp movement”, although the cryptocurrency market was bumpy, the entire dapp market was flourishing and it contributed $6.7 billion throughout 2018. A fun fact - compared to 2009, the year Apple opened its App Store, there were over 65,000 mobile apps built on iOS and generated $4.2 billion in revenue.
In 2018, DEX is the core contributor to the dapp market with almost 40% of the total transaction volume. Cryptocurrency trading was still in high demand and decentralized exchanges had proven to be one successful use cases of dapps.
Betting dapps took over the dominating role in the market since Q4 last year. There was a total transaction volume of almost $3 billion in Q4, almost 44% of the total volume in 2018. Betting has become the “killer apps” on blockchain due to proven fairness. The booming betting dapp market was mainly contributed by EOS and TRON, the two high-speed DPoS blockchains built for decentralized apps.
The number of blockchain gaming dapps was still leading with a large proportion of 35%, following by pyramid (20%) and betting (around 20%). Overall, the dapp market is still driven by entertainment and gambling.
You can read the full report here - https://www.dapp.com/article/annual-dapp-market-report-2018
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