EOS Has “At Least 260 Projects” in Progress, Block.One Says

Block.one, the creator and initial owner of the EOS code, claims the platform has attracted 260 projects currently in progress.

EOS has no fewer than 260 projects in development as the platform takes its place among the leaders and starts to displace Ethereum (ETH), Block.One said in a recent blog post. The owner of the EOS code, which conducted a months-long initial coin offering (ICO) in 2018, based its data on dApp Radar, where 282 distributed apps are listed as running on the EOS network. Some are minor projects, and the majority of users concentrate on a handful of distributed apps (dApps), such as EOSBet.

The EOS ecosystem is attractive for not having gas costs although those are replaced by the need to buy RAM to run any dApp and get users on board. Still, the EOS network has shown it can handle above 48 million microtransactions a day, with its system of 21 block producers being able to update the distributed ledger much faster once the initial glitches were smoothed out.

But based on a directory of EOS projects, there are fewer infrastructure builders on the network. While the accounts and users are growing in number, EOS is still raising some skepticism about its success, as well as whether the number of transactions is organic or merely generated to imitate activity.

EOS market prices have also proven relatively stable in the past months. The asset traded at around $2.35 on Tuesday, with only a small slide in recent days. EOS RAM prices have also fallen in the last three months, dropping from around 0.1 EOS to 0.05 EOS. 

The EOS trading profile has been altered by the presence of the ZB.com exchange, and the EOS/ETH market pair has become more influential. It has been suggested before that Block.One would use its stash of ETH to boost EOS market prices. The EOS/USDT pair makes up more than 33% of volumes, additionally allowing the asset to be de-coupled from Bitcoin (BTC).

Still, Ethereum-based dApps are far more numerous - 1,353 as of January 2018 - but most dApps still have only a handful of users.

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