DApp trading volume fell by nearly 40% in the third quarter

In the third quarter of this year, the total DApp total transaction volume of the six major DApp-centric networks was only $2.03 billion, a drop of nearly 40%. Only 148 DApps were released in the third quarter. This figure is lower than the monthly average for the first half of 2019 (at the time 164 new DApps were deployed each month). According to Dapp.com's latest quarterly report, more than half of these transactions are related to cryptocurrency gambling. However, the DeFi DApp has become increasingly popular. More than $525 million was spent on DeFi DApp in the previous quarter, 88% of which was processed on the Ethereum blockchain.