Join Our Mailing List
Tuesday March 21, 2023
Bitcoin (BTC) $28,239.57   Ethereum (ETH) $1,770.12
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology dApps

Fluence Labs: DApp Survey Provides Insight Into the State of Development in 2019

Published by CryptoNinjas.net
01/29/2019
Fluence Labs: DApp Survey Provides Insight Into the State of Development in 2019

Decentralized data management service developer, Fluence Labs has unveiled an extensive report into the health of the DApp ecosystem. Based on a wide-reaching survey of 160 DApp developers, it provides a deep insight into the rate of development and shines a light on the teething problems that are preventing wider DApp adoption.

Fluence Network, an infrastructure project whose network facilitates trustless blockchain queries, has released a comprehensive report that provides a holistic overview of DApp development in 2019, called DApp Survey Results 2019. Given the incomplete and sometimes conflicting information about DApp usage and performance, the Fluence team decided to go directly to the project developers and founders responsible for deploying DApps on blockchain networks such as Ethereum, EOS, and Tron.

Key findings from the survey include:

  • The majority of DApp projects were started in 2018 and self-funded.
  • Approximately 50% of projects use a centralized cloud backend and centralized tools like Infura to connect to the Ethereum blockchain.
  • Most projects monetize through transaction fees.
  • The biggest impediment to major DApp adoption is the onboarding process for new users, according to 75% of respondents.

After researching and compiling a list of nearly every single DApp project in existence publicly (nearly 1600 total), 160 DApp teams participated in the survey by answering a series of multiple choice questions before volunteering further information about pain points they had experienced and suggesting areas for improvement to help grow the DApp ecosystem. 72% of the projects surveyed were started in 2018, with the majority averaging a team of 2-5 developers. 87% of projects were found to be building on the Ethereum blockchain, followed by EOS (19%) and Tron (8%).

Commenting on the results of the survey, Fluence Labs CTO Dmitry Kurinskiy said: “It’s very difficult for observers to glean the true state of DApp development, as metrics such as the number of daily active users don’t reveal the extensive work that’s going on behind the scenes, and the problems that developers are overcoming to introduce decentralized applications to a new wave of users.”

He added: “In researching our report, we uncovered some surprising findings, such as the fact that the number of DApps using decentralized storage solutions such as IPFS is roughly the same as the number using a centralized CDN. Project teams are obliged to make trade-offs in order to balance their obligations to deliver a high user experience with the need to create DApps that are sufficiently decentralized.”

Developers, some speaking on the condition of anonymity, recounted the problems they had experienced in working on DApps, with common complaints including the lack of clear documentation for blockchain clients, and the difficulties of integrating different libraries. Other findings to emerge from Fluence Labs’ DApp survey include:

  • 59% of DApps were self-funded, while 16% were funded by token sales.
  • 33% of DApps do not have a scaling plan should increased transaction volume cause on-chain bottlenecks.
  • “A limited number of crypto users” (67%) and “poor user experience of the crypto” (44%) were the biggest pain points cited by developers.

Despite highlighting numerous areas for improvement, the responses provided by the 160 teams who contributed to the survey show areas for optimism. Fluence Labs’ report reveals the strength and depth of the DApp developer ecosystem. Having survived the turbulence of 2018’s cryptocurrency market, there is evidence to suggest that DApp development and user adoption will ramp up in 2019 and beyond.

168
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

No Content Available
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021

Ripple names payment network RippleNet and grows product suite

08/01/2017
How to Become a Web3 Developer: A Guide to Web3 Jobs

How to Become a Web3 Developer: A Guide to Web3 Jobs

03/15/2023
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy