EOS (EOS), the blockchain platform known for its delegated proof-of-stake (DPoS) consensus model, has added nearly 200 decentralized applications (dapps) and around 500,000 users in the last five months.
However, according to Chinese crypto media outlet 8BTC, which cites data from research firm Peckshield, 63% of the accounts on the EOS blockchain are currently inactive.
“[Data] shows [that] among the 500,000 users, nearly 120,000 accounts are controlled by certain groups, and more than 200,000 accounts are pretty dormant by November 26. That would mean active users only account for 37% of the total,” reads the report.
Despite the relative dormancy of the EOS network, the active accounts have been enough to push it past the incumbent Ethereum. Since October, EOS’s network activity has been multiples higher than Ethereum.
Although a good number of dapps have been related to gambling to date, the EOS network is quickly gaining momentum as more gaming dapps receive funding and attention.
Most recently, Mythical Games exited stealth mode and raised $16 million to develop a line of PC, mobile and console games on EOS. Mythical Games’ first title, Blankos, is a multiplayer collectibles game that looks to sarcastically draw inspiration from Fortnite.
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