EIDOS dApp Dominates 2019 Transactions, Alters EOS Landscape

EIDOS dApp Takes Center Stage

The rise of the EIDOS decentralized application in late 2019 sent shockwaves through the dApp universe. Operating only for two months, EIDOS single-handedly skewed the dApp Market Report by recording nearly 2.4 billion transactions. This astonishing figure eclipsed the total transaction count of all other dApps on leading platforms, which hovered around 3.26 billion.

The Power of airdrops

Initially launched on November 1, 2019, the EIDOS dApp exclusively utilized token airdrops as a core mechanic. Users sent EOS to the contract and in return, effortlessly earned EIDOS tokens. Each transaction was incentivized by a meager 0.01% of the total tokens held by the contract. With 20 tokens replenished every second, it’s no wonder that EIDOS became the belle of the blockchain ball.

Impact on the EOS Network

However, every rose has its thorns. With EIDOS accounted for a staggering 95% of all EOS transactions, the sheer volume paralyzed the EOS network, making it a struggle for everyday users to engage. Post-EIDOS launch, the daily active users plummeted from an average of 80,000 to just over 15,000. Talk about a user exodus!

A Double-Edged Sword

Statistics reveal a striking dichotomy; new user registration across nine platforms surged to 3.11 million, marking a significant increase. Yet, 90% of these users were classified as newcomers to the world of dApps in 2019, while returning users from previous years made up only 11%. It’s a classic case of one app dominating the conversation while leaving the rest gasping for air.

What Lies Ahead for EOS?

The future of EOS hangs in the balance. While the EIDOS dApp has undeniably attracted users and transactions, it has simultaneously cast a long shadow over the entire EOS ecosystem. Developers and stakeholders are now left wondering: how can they restore the balance? It’s a conundrum that they’ll need to tackle, lest EIDOS remains the only dance partner on the blockchain floor.