EOS, we have a problem! Developers are leaving the blockchain
Outlier Ventures research reveals massive exodus of developers from the EOS platform.
The decrease in developer activity was also noted on the TRON blockchain.
Between themes Polkadot, Cosmos, Theta and Cardano are eager to challenge Ethereum.
The situation in the blockchain development segment-projects has changed recently – and not for the better for EOS.
EOS is losing popularity
maybe, one of the world’s largest ICO projects EOS, included at this moment in the top 10 cryptocurrencies by the size of its market capitalization, was in danger. According to a study by a blockchain-focused venture capital company Outlier Ventures, the state of affairs in the blockchain development segment has significantly changed compared to last year.
So, number developers on the EOS platform decreased for last year over than by 85%. As a result, the number of code updates tracked by Github fell by an impressive 94% over the same period.. Activity in the segment of decentralized applications (Dapp) on blockchain EOS also fell by more than 70%.
These alarms, which indicate that developers and users are leaving the EOS platform, make members of the crypto community wonder if it will drop out of the top 10 crypto projects. EOS conducted its IPO in 2018, raising over $ 4 billion. Since, according to State of statistics the Dapps, on this about 325 dapps and 515 smart contracts were created on the blockchain.
For comparison, similar figures for the Ethereum blockchain are almost 2900 and over 4500, respectively. According to Outlier Ventures, Ethereum remains the undisputed leader – at him share accounts for about 80% of all developed smart contracts and decentralized applications. Previously we already said that at present, many fundamental factors promise networks Ethereum bullish perspectives.
EOS takes second place in the segment of similar developments, but wherein its separation from Ethereum looks almost insurmountable, as the share of EOS is Total only 9%. The TRON platform is not doing better either. Here versus the past year the number of active developers has decreased more less than half, and the number of code updates dropped by 96%.
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A holy place is never empty
On the other hand, as the results of the report demonstrate, other players have become active in the crypto arena, who until recently time stayed in the shadows and did not attract big attention. So, the promising platform Polkadot, which launched in May your mainnet notes a tangible increase in the number of active developers. This the figure increased by more than 40 percent over the previous year.
An increase of 15% showed a similar index Cosmos platforms, online which recently was updated Band Protocol 2.0 launched. Growth activity is also noted on the Theta and Cardano platforms, where quantity code updates grew by 930% and 580%, respectively.
However, it is too early to give up on EOS. So, eg, recently edition BeInCrypto said that in addition to Ethereum, EOS and Tron remain the leading blockchains for creating games. Besides Togo, EOS is still the second largest user base after Ethereum with daily active users platform reaches nearly 15 thousand.
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