Decentralized applications built on the Ethereum blockchain hit a transaction volume of $ 10.17 billion by Q2 2020, according to Dapp.com.
Ether Ethereum more than doubled (97%) active DApp users in Q2, with a sharp increase from 637,278 in the first quarter to 1,258,527 this quarter, reaching its highest value. At the same time, the number of DApp users active on EOS and Tron also increased 30% and 50%, reaching 116,389 and 392,657, respectively.
Although transaction and user volumes increased, there were only 99 new DApps this quarter across all 12 blockchains, representing the lowest number of new DApps launched in three years.
Do you think ETH price will reach 500 $ by the end of this year?
Although the amount of Dapp on Ethereum is less than that of EOS and TRON, you can see that the majority of large projects are dependent on ERC-20. This shows that Ethereum's reputation is particularly great so other platforms won't be able to compete in this respect either. Ethereum is still the number 1 platform.
More and more Defi projects are being developed on ERC-20 so I think the price of ETH will go up even more than $ 500, possibly priced around $ 700.