Crypto assay firm DappReview published its quarterly report examining transaction volumes for decentralized applications (DApps) on Apr eight.

The report finds a significant increment in total DApp activeness during the past three months when compared to Q1 2022, despite a drop in the number of new projects and users.

Quarterly DeFi volume nearly doubles year-over-twelvemonth

While Quarterly Ethereum-based DApp activeness has surged almost 650% year-over-year (YoY), both EOS and Tron-based DApps take seen a decline in volume compared with Q1 2022.

DappReview notes $7.ix billion in DApp volume transpiring across 13 blockchains in Q1 2022 — an 82% increase YoY. Ethereum, Tron, and EOS based protocols represent 99.1% of total volume.

The written report lists games, exchanges, and casinos every bit the top three sectors for DApp activity. However, Casinos have seen a 64.six% reduction in volume since comprising the most ascendant DApp industry during the kickoff quarter of 2022.

Activity consolidates around leading DApps

Despite total volume growth, the number of new DApps to launch this quarter roughshod by 60% compared to the same quarter concluding year. The number of active addresses interacting with the protocols also roughshod by 22%.

The increase in volume despite the number of new users and projects launching indicates a consolidation of activity around leading decentralized finance (DeFi) projects.

Notwithstanding, the written report notes that record volume among the violent March 12–xiii crash also contributed to the quarterly growth in volume for DApps.

DeFi drives Ethereum DApp growth

The increasing popularity of leading Ethereum-based DeFi protocols was the primary forcefulness driving Ethereum's 650% DApp growth.

Of the $v.64 billion worth of transactions occurring on Ethereum in Q1 2022, DappReview estimates that 84% can be attributed to ERC-20 activity.

DeFi represented the largest share of Ethereum DApp volume, followed past "adventure" protocols such equally Ponzi schemes, and games.

EOS and Tron DApp activity drops

Despite the massive growth in DApp volume for Ethereum-based protocols, both EOS and Tron saw declines in quarterly activity amid a roughly 75% reduction in casino transactions.

EOS' Q1 volume dropped eleven.67% to $1.74 billion among a decrease of nearly 90% in average daily address action from 85,000 to eleven,000. All the same, EOS saw a 225% growth in exchange transactions.

Total Tron DApp activity barbarous a whopping 74% from $1.57 in Q1 2022 to $411 1000000 this past quarter. 92% of Tron-based DApp activity is casino book.