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Augur Passes CryptoKitties: Ethereum App Sees $400K in First-Day Betting

However, it's hard to say if the wider crypto world shared this early adopter's enthusiasm. As decentralized applications (apps powered by blockchains but operated by no single entity) are a new phenomenon, there remain few ways to gauge whether one could meet any criteria for success. Still, a useful method might be to compare Augur's use to that of other major dapps , and on that front, there's an argument Augur is doing well. Just over 12 hours after Augur's launch, the http://pokeronline0ru.blogs4funny.com platform has become the fifth-most popular dapp on the ethereum http://vegasonlineg8b.wallarticles.com blockchain by total users, according to DappRadar , putting it ahead of CryptoKitties, which has arguably been the perceived market leader since it went mainstream in December. That makes Augur a big fish in a very small pond, though, with just 300 wallet addresses (a flawed proxy for users) interacting with its smart contracts. It does better – third place – in terms of the volume of ether those smart contracts have processed, as the figure is 910 ETH (or around $400,000). By comparison, CryptoKitties saw just 23 ETH (or $10,000) in volume. But metrics aside, Augur's promise of low-fee wagering that governments can't easily disrupt surely has its fans (and detractors) who were there to assess the launch. On the latter front, it seems that Augur didn't live up to the outsized demands of some of its supporters. One user posted to the project's Discord forum following the launch: "I was hoping institutions would be on Augur right away, but I guess that was naive." Viewed in the context of its cryptocurrency peers, there's a strong argument Augur's launch was a success. Gaining a couple hundred daily users is rare for a dapp (just look at the hundreds http://poker0lv.apeaceweb.net of single-user examples listed on DappRadar).

For the original version including any supplementary images or video, visit https://www.coindesk.com/augur-passes-cryptokitties-crypto-app-enters-top-5-with-400k-debut/

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