There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in fact, less than $100,000. In the report, Augur placed the total value of bets placed on the platform at $2,040,934.63 (13,451 ETH). This value was achieved across a total of 1,724 markets. Writing on Twitter, however, Sunnarborg tore into this valuation, stating that it includes already concluded bets which when removed present a different picture of the platform’s adoption. DApp Hype Versus Adoption Reality In his Twitter post, Sunnarborg said: Augur metrics showing ~$2m ‘total money at stake’ include markets that have already ended. If we exclude markets that have ended there is <$100k total…

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