ICON might not have many DApps compared to some other networks. But the platform is definitely punching above its weight in terms of transaction volume.
According to DappReview’s 2020 Q1 DApp market report, ICON placed fourth overall in terms of transaction volume.
The platform’s DApps recorded over US$19 million in total transactions in the 2020 Q1. Not a bad number at all when you consider that the number takes into account just seven active DApps on the network.
According to the report:
“In 2020 Q1, the total transaction volume of ICON dapps was over $19 million. ICON already has 7 active dapps on the consumer side. There are DAO platforms like ICONBet and ICON Vote. Most of the Q1 volume was contributed by ICONBet. STAYGE, an incentivized fan community for K-pop music, has the largest user base on ICON.”
Statistics at State of the DApps would seem to confirm this, with ICONbet generating the most transaction volume by far, at least over the last seven days.
The site has no information on STAYGE’s number of users, but DappReview puts it at 631 in the last 24 hours.
Blockchain-powered karaoke service Somesing also boasted around 700 users over the last 24 hours.
Ricky Dodds of ICX Station notes that while this is good news, ICON still has a long way to go in expanding its user base:
“Nice to see #ICONProject near the top. But active user stats show just how early we are… even for the most used platforms.
Still a lot of progress to be made. Let’s celebrate after we 10x or better yet 100x the user base 🚀. I’ll buy the rounds 🍻 $ICX pic.twitter.com/fIUDLVrDJ1″
— Ricky Dodds (@RickyLeeDodds) April 15, 2020
DappReview integrated ICON last month to provide trusted data analytics to users. The integration into the Binance-owned information and analytics platform for blockchain-based decentralized applications was a community grant project.
In an interview that appeared on the website on Thursday, ICX Station’s Daeki Lee introduced the ICON network to readers.
