DApp in-depth report: Daily active addresses doubled in 2 years, DeFi and game apps are the most active

Ryan Brown
3 min readSep 8, 2021


If the blockchain is regarded as the next-generation infrastructure technology after the Internet, then, referring to the development trajectory of the Internet, building applications for the vast number of uncertain users on the blockchain will naturally become the next step in the development of the industry. In fact, the story about “public chain” and “decentralized application (DApp)” has already begun as early as the end of 2018. In the past two years of performances, from the perspective of the public chain, this track has evolved from the “three-legged” pattern of Ethereum, EOS, and TRON to the dominance of Ethereum, with BSC, Polygon, TRON, HECO, etc. From the perspective of DApp, the coexistence of “one super and many strong” situation, this track has changed from the dominant game, gambling, high-risk category to the absolute dominant of DeFi, and the common development of games, NFT, gambling, social networking, etc. Pattern.

According to statistics, more than 8,000 DApps have been built on 20 public chains (including Layer 2) such as Ethereum, TRON, BSC, EOS, Polygon, etc., covering DeFi, card collection (Collectibles), market (NFT and other token assets) Exchanges), games, social networking, gambling, high-risk, and other (mainly tools) 8 categories.

From the perspective of the public chain field, Ethereum, TRON, and BSC are currently the three public chains with the largest number of DApps. The total number of DApps on them each accounts for 39%, 21% and 18% of the total, accounting for about 78% of the total. Secondly, the number of DApps on EOS and Polygon accounted for 8% and 5% of the total, respectively, belonging to the second echelon. In addition, the number of DApps on the other 15 public chains is less than 100, and the ecological scale is small.

From the perspective of DApp categories, currently, DeFi, high-risk and game DApps are the three dominant types, accounting for approximately 27%, 17%, and 26% of the total, respectively, accounting for 70% of the total. Another thing worth paying attention to is the game DApp, which currently accounts for about 12% of the total. In addition, the number of card collection (NFT), social and trading markets (NFT and other token asset exchanges) is less than 300, and category development is still insufficient.

See through product user scale and user interaction mode, DeFi is easily driven by events

The basic characteristics of DeFi DApps are rapid product iteration, highly active users, and the user’s transaction mode is a medium-frequency high-value transaction. The daily activity trend of multiple DeFi shows an obvious “single peak” pattern, that is, in a short period of time (usually a week), the number of daily active addresses quickly reaches a peak, and then quickly falls back to the previous level. This may indicate that DeFi’s daily activity is subject to special events ( Such as marketing events) have a greater impact.

The basic characteristics of game DApps are that the product relies on long-term accumulation, slow iterations, high user activity, and the user’s interaction mode belongs to high-frequency small-value transactions. The daily activity trend of many games shows continuous growth and stronger user stickiness.

The basic feature of the card collection (NFT) DApp is that the product iteration is extremely fast, but the explosion of the two “veteran” applications, Crypto Punks and NBA Top Shot, which have been in operation for more than 4 years and 1 year, respectively, has driven the NFT sector to strengthen. Emerging applications take advantage of the rising trend. The user activity of this type of DApp is low, and the user interaction mode is mostly low-frequency small-value interaction.

The basic characteristics of gambling DApps are rapid product iteration, low overall user activity, and users mostly interacting with high-frequency and large amounts, but the daily activity trend of many gambling applications is relatively stable. The basic feature of high-risk DApps is that the product is super fast iteration, but the user activity is moderate, mostly low-frequency small-value interactions.

The basic feature of social DApps is that product development relies on long-term accumulation. The operating hours of multiple contracts with higher daily activity are all over one year, and it is difficult for new applications to achieve breakthroughs in a short period of time. This year, the number of daily active addresses for multiple applications has steadily increased, and the development trend is relatively healthy. However, the overall activity of current users is low, mostly low-frequency small transactions.



Ryan Brown

An analyst who recommends high-quality digital assets