EOS (EOS) Sees Robust Distributed App Activity, One Million EOS Spent on Gaming

The EOS (EOS) ecosystem is already hosting well-used distributed apps, or dApps, according to traffic and transaction statistics. Recently, Dapp Radar expanded its monitoring to the EOS network, and the results show increasing usage only months after the mainnet launch.

After a few glitches with the elections, token swap, and consensus, the EOS network is already hosting several games and other types of dApps. But the best-used application is a gambling app:

https://twitter.com/eosforumorg/status/1035477639488786432

In the meantime, the EOS network is constantly posting average activity of 4.7 million transactions per 24 hours over the past week. Based on data from Blocktivity, the peak for the EOS network saw peak activity of more than 10 million transactions in 24 hours.

The EOS network, which has been deemed one of the most innovative by the Weiss Ratings Agency, as well as the monthly Chinese lineup of blockchain projects, is beginning to prove itself. Recently, EOS received an award for Best in Protocols/Platforms by Block Award 2018:

https://twitter.com/EOS_io/status/1035475031273267200

The positive news around EOS adds to the expectation of a price hike. EOS has recovered rather strongly from the recent crash, and is moving above the $6 range. EOS grew to around $6.16 as of 13:30 UTC on Friday, up nearly 5% in the past 24 hours.

EOS now predominantly trades against Tether (USDT), with the EOS/USDT pair making up more than 38% of volume. Around 25% of trades are against Bitcoin (BTC) based on data from CryptoCompare. EOS is present on both well-established exchanges, and smaller markets, with a relatively new DobiTrade exchange carrying 16.3% of all EOS trades in the EOS/BTC pair. The EOS digital asset has always come with a warning of volatility, as well as suggestions of outright price manipulation.

EOS RAM manipulation has also abated, leaving RAM prices at around 0.12 EOS per kilobyte. The period of overheated RAM prices was seen as a risk for EOS, as prices were rising to levels prohibitive for the creators of dApps.

Neither the author nor the publication assumes any responsibility or liability for any investments, profits, or losses made as a result of this information. Cryptocurrency trading and investing are risky propositions, and market participants are advised to always conduct thorough research.