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Smart contracts have been a revolution for the entire crypto industry. Following Ethereum, other projects wished to do the same, such as EOS, Steem, Tron or Cardano. Unfortunately for them, none of these "Ethereum-killers" can compete.
Ethereum represents 82% of Dapps
In its latest developer report, the company Outlier Ventures analyzed all of the smart contract protocols over the past 12 months, to compare their activity in terms of development and users.
The results presented place Ethereum in first place, whether in terms of number of smart contracts or decentralized applications (Dapps). In fact, the network hosts 78.9% of smart contracts and 82.1% of all Dapps. We find EOS in second place with 9% of smart contracts and Dapps, followed by Steem with 3% of smart contracts and 2% of Dapps.
Distribution of smart contracts and Dapps across networks - Source : Outlierventures.io
It is also Ethereum which comes in first place in number of daily users, with 32,000 daily users against less than 15,000 for EOS which we find in second place.
Classification according to the number of users - Source : Outlierventures.io
It took only a few months for the blockchain Klaytn, launched in 2019, to reach the top 5, both in terms of number of contracts and in terms of daily users.
Polkadot at the heart of active development
As we saw earlier, the report also deals with the development of each of the protocols.
While some protocols like EOS or Bitcoin Cash have witnessed a significant decline in their development activity, with respective decreases of 85% and 62% in activity, others are progressing.
The two competitors Polkadot and Cosmos both experienced a 44% and 15% increase in development activity respectively. The Polkadot blockchain, which recently deployed its mainnet, saw the number of developers who participated in the project increase from 80 to more than 110.
Evolution of the number of developers involved in the Polkadot protocol
Competition in blockchains continues to rage. Ethereum has so far managed to maintain its place as queen of blockchains with smart contracts. However, projects like Polkadot or Cardano could catch up with it.
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