Analysts report a sharp rise in user activity for DApps

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Analysts report a sharp rise in user activity for DApps based on Ethereum

In the first quarter of 2020, the activity of users of decentralized applications (DApps) increased sharply.

A report from the DappReview company says that in annual terms, user activity of services based on Ethereum has skyrocketed by 650%. Moreover, the number of transactions grew despite the reduction in the number of blockchain applications and the minimal influx of new users.

Ethereum's main competitors are the EOS and Tron networks. They cannot boast of such good results. On the contrary, DApps activity on these platforms showed negative dynamics in the first quarter compared to the same period last year.

The researchers emphasize that about 99% of all blockchain applications are distributed among themselves by the three projects listed above. However, Ethereum remains the undisputed leader in the rating of networks in terms of the number of launched services for the umpteenth time.

The total amount of transactions by DApps users was just over $ 7.9 billion, which is about 80% more than in the first quarter of 2019.

The most common applications are casinos, trading platforms and games. At the same time, the share of casinos decreased by 64.6%.

Analysts believe that the decentralized financial services (DeFi) market is driving the growth of the Ethereum ecosystem. DeFi represents the largest share of blockchain-based applications.

The activity of DApps based on EOS and Tron in the reporting period fell by 11.6% and 74%, respectively. For example, the total amount of transactions made by users of applications on the Tron blockchain did not exceed $ 411 million in the first quarter. The lion's share of services is casinos.

Salesforce Implements Lition Blockchain for Decentralized Data Storage

A large American provider of cloud solutions for business and the developer of the eponymous CRM system Salesforce integrated the Lition commercial blockchain for decentralized data storage.

The blockchain integration will allow Salesforce to leverage data decentralization to make its CRM architecture more secure in the long run, Lition says. The statement says:

“The reliance on fully centralized data creates operational risks as there is no guarantee that this data can be retrieved. A blockchain compliant with the EU's General Data Protection Regulation (GDPR) is a great way to partially eliminate this dependency in a decentralized manner. ”

The technology will be available in an application in the cloud-based Salesforce, which will allow more than 150,000 users - from small businesses to large companies - to record, certify and protect sensitive information in a confidential manner.

“The Lition blockchain is completely unique in this context because it provides a level that complies with privacy laws and allows you to take advantage of the decentralized characteristics of the blockchain,” said Benni Woerpel, Marketing Manager at Lition.

PlanB Analyst: Futures Do Not Affect Bitcoin Price Movements

Popular blogger PlanB is confident that the launch of regulated futures in late 2017 did not have much of an impact on Bitcoin, contrary to popular belief.

“In my opinion, futures do not have a manipulative effect on the price of bitcoinCME launched futures in December 2017. Many point to the fact that on the eve of the launch, the price reached an all-time high and, therefore, the futures put pressure on the market. However, the BTC price remained exactly within the range of the Stock to Flow (S2F) model. I think it would have happened without futures. Nothing unusual"

One commentator noted that the price has tripled since the launch of the new instruments.

PlanB fully agreed, noting that the price of BTC was indeed at $ 7,000 in October. The announcement of futures gave hope to the broad masses of bitcoin investors for a huge influx of institutional money into the industry.

Against the backdrop of positive expectations, the price jumped almost threefold - from $ 3000 to $ 20,000. However, contrary to expectations, institutions did not rush to the market in a crowd. As a result, the price rolled back to the previous levels for a long time.

Galaxy Digital reports $ 33 million loss for the fourth quarter of 2019

Cryptocurrency investment bank Galaxy Digital has released a new financial report, according to which the company incurred losses of $ 32.9 million in the fourth quarter of 2019.

Galaxy Digital held a conference call on Wednesday to discuss the current financial situation. CEO Mike Novogratz tried to reassure investors who are worried about the high volatility of the cryptocurrency market and its significant drop on Black Thursday.

“I don’t think these events changed the main trend of Bitcoin. I am confident that it will grow at the end of the year, ”Novogratz said.

However, the financial performance of his company is unlikely to please investorsGalaxy Digital's sales force posted a realized loss of $ 32 million in the fourth quarter of 2019. If unrealized gains and losses are included, the amount is approximately $ 16.7 million. The above figures only cover the period up to December 30, 2019.

It is worth noting that the losses of the fourth quarter were lower than the losses of the third quarter, when all divisions of Galaxy Digital lost a total of $ 68.2 million. In general, the last year was profitable for the company - it earned $ 25.8 million. for example, in the first quarter of 2018 alone, the company lost $ 134 million.

Galaxy Digital, listed on Canada's TSX Venture, has been declining steadily since last June, when it peaked. During this time, they fell by 65%. Novogratz noted that at the moment the shares are "cheap" relative to the company's actual results. He also added that the Canadian market has traditionally been "cool" towards cryptocurrency companies.

In addition, the other day Novogratz in a conversation with CNBC said that he was buying bitcoins against the background of the active work of the printing press of fiat currencies.

“I make a big bet on bitcoin, gradually increasing it. I find the current conditions to be excellent for Bitcoin and Gold. Now money grows on trees, but as a child I realized that this does not happen. The whole world is actively engaged in issuing fiat currency, ”he said.

Novogratz also noted that he buys shares in several companies, including Starbucks, but still believes more in assets outside the stock market.


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Comments

Excellent article

$ 0.00
3 years ago

That is a good news though knowing things are in a better way arranged that us still a good news to read

$ 0.00
3 years ago

A plan without a plan B is no more a plan anymore so if bitcoin will have a plan B i think that us a good news for the traders and we all

$ 0.00
3 years ago

Lition really made a very good speech there which when analyze its nothing but just the facial truth

$ 0.00
3 years ago

Casino is really something that brought a well huge amount of funds without we even knowing at all which is a very good and perfect sign by the way

$ 0.00
3 years ago

Ethereum really is undisputed ntill those smart contract keep showing faces then ethereum needs to be very steady before it gets wipe from the market

$ 0.00
3 years ago

by how things are going taht is a very good data which are about to be lost at least it should be maintain in the meantime not destroy i think that will be very much better so as to keep everyone save

$ 0.00
3 years ago

a lot more amount of contract this days are so using thr ERC20 which is an ethereum blockchain so i think even this can explain for the rise in that as many are so not used to it before this very time that it got into this high

$ 0.00
3 years ago