Fluence Network releases Decentralized Application
by Gerald Fenech
Fluence Network has released a comprehensive report that provides a holistic overview of Decentralized Application (DApp). DApp was developed in 2019. This was called DApp Survey Results 2019. Fluence Network is an infrastructure project whose network facilitates trustless blockchain queries. 160 DApp teams participated in the survey after researching and compiling a list of nearly every single DApp project in existence publicly (nearly 1600 in total).
Due to the incomplete and conflicting information, the Fluence team decided to go directly to the project developers and founders responsible for deploying DApps on blockchain networks. Some of these include Ethereum, EOS, and Tron.
Approximately 50% of projects use a centralisesd, cloud backend and centralised tools such as Infura to connect to the Ethereum blockchain. According to 75% of respondents, the biggest impediment to major DApp adoption is the on-boarding process for new users. The majority of DApp projects are self-funded and were started in 2018. Most projects monetise through transaction fees.
Fluence Labs CTO Dmitry Kurinskiy said: “It’s very difficult for observers to glean the true state of DApp development, as metrics such as the number of daily active users don’t reveal the extensive work that’s going on behind the scenes, and the problems that developers are overcoming to introduce decentralised applications to a new wave of users.”
160 DApp teams participated in the survey by answering a series of multiple choice questions. They did this before volunteering further information about pain points they had experienced and suggesting areas for improvement to help grow the DApp ecosystem. 72% of the projects surveyed were started in 2018, with the majority averaging a team of 2-5 developers. 87% of projects were found to be building on the Ethereum blockchain, followed by EOS (19%) and Tron (8%).
Dmitry Kurinskiy added: “In researching our report, we uncovered some surprising findings, such as the fact that the number of DApps using decentralised storage solutions such as IPFS is roughly the same as the number using a centralised CDN. Project teams are obliged to make trade-offs in order to balance their obligations to deliver a high user experience with the need to create DApps that are sufficiently decentralised.”
Common complaints included the lack of clear documentation for blockchain clients, and the difficulties of integrating different libraries. Other relevant information to emerge from Fluence Labs’ DApp survey state that 33% of DApps do not have a scaling plan whenever increased transaction volume cause on-chain bottlenecks. “Limited number of crypto users” (67%) and “poor user experience of the crypto” (44%) were the biggest pain points cited by developers. 59% of DApps were self-funded, while 16% were funded by token sales.
The responses provided by the 160 teams who contributed to the survey show grounds for optimism despite highlighting numerous areas for improvement. Fluence Labs’ report reveals the strength and depth of the DApp developer ecosystem. There is evidence to suggest that DApp development and user adoption will ramp up in 2019 and beyond.