DApps: 4 key characteristics of today’s blockchain app ecosystem

Decentralized applications (dApps) are one of the biggest potential uses of blockchain technology, as they open up whole new options for consumer- and business-focused products with functionality that hasn’t been seen before.

Towards the end of 2018, my team set out to investigate and study the state of dApp development in the hopes of deciphering the current state of this crucial market. We initially aggregated a list of 1,624 dApp development projects but only managed to find contact information for 900 projects. Of this pool, 160 projects filled out our full 40-question survey. Our goal was to separate the facts from speculations and rumors on what’s happening in the dApp market. We wanted to know how many active dApp projects there are, what they’re up to, and what challenges they face when building their dApps.