After the DApp browser MetaMask got removed from the Google Play Store, Apple followed suit and is forcing crypto exchange Coinbase to remove the DApp browser feature from its iOS app.
While many saw this as blatant censorship and a danger to the crypto industry, it goes to show that the DApp market has gotten so big, it's putting both Google and Apple at risk.
The same week, Google announced that it has banned Ethereum wallet and decentralized app browser MetaMask from its Google Play Store.
DApps threaten Apple and Google's dominance in the market.
According to Brian Armstrong, the CEO of Coinbase, Coinbase was instructed to remove the DApp browser feature from its iOS wallet application.
Just as Google did before them, Apple also seems to be set on eliminating the usage of DApp on its platform.
While many saw this as a troubling issue that could threaten the future of many companies and DApps, these events go to show just how big the DApp market has become.
According to the DappRadar 2019 dapp Industry Review, the Ethereum dapp ecosystem showed significant growth this year.
Throughout 2019, daily active unique wallets across the Ethereum dapp ecosystem rose 118%, with daily value in terms of US dollars up 166%. However, the biggest growth the ecosystem has seen was in volume, with DappRadar reporting that total value in terms of ETH tokens for all Ethereum dapps during 2019 was $1.8 billion, up 202% in terms of USD value.
With almost $2 billion locked in the heavily-competitive and still relatively young ecosystem, it's no wonder why both Apple and Google want to limit the contact their users have with it.
The DApp market is getting so big, it's putting Google and Apple at risk
gepubliceerd op Dec 30, 2019
by Cryptoslate | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.