EOS (EOS), the blockchain platform well-known for its delegated proof-of-stake (DPoS) consensus model which works to speed up transactions and block creation at the expense of some level of decentralization, has recently surpassed Ethereum (ETH) in daily decentralized application (dApp) users and transaction volume.
According to data compiled by cryptocurrency market researcher Kevin Rooke, EOS has had 11,428 total dApp users over the last 24 hours, as compared to 10,562 on the Ethereum network. Additionally, EOS has seen a 7-day dApp transaction volume of $48 million where Ethereum only had $26 million.
This news comes a little over a week after TRON (TRX) surpassed the total number of accounts on the EOS network and even recently reached roughly 40% of the total daily transactions of the Ethereum network.
The latest contender, Tezos (XTZ), a new blockchain platform that has the ability to essentially self-evolve by upgrading itself over time without having to hardfork, will launch its mainnet this Monday. Given the popularity of the project, it could add additional competition to the evolving landscape.
While things are clearly heating up between smart contract platforms, the total usage at this point leaves much to be desired and brings in questions regarding the lofty, billion-dollar valuations.