2017 to Today: Ethereum Predictions Are Aging

The most striking survey response was also the most straightforward to understand: sentiment around the 'overall state' of bitcoin and ethereum.

Less than 5 percent of those surveyed in Q1 2017 felt even slightly negative about the overall state of ethereum.

In the year between the ICO and mainnet launch, many projects were experimenting with creating early dapps, including Augur, launching a smart contract on the ethereum test net in April 2015.

Not only were participants optimistic about the future of Ethereum and its dapp ecosystem, but they also claimed to very positive about their current state.

At dapp number 48 out of 970 when ranked by users, Augur's minimal usage metrics are not an outlier among ethereum dapps.

The top used Ethereum dapps remain decentralized exchanges and games and no dapps had over 2,000 users or 10,000 transactions within the last 24 hours.

The weaknesses in comparing dapp metrics across platforms like ethereum and EOS have many parallels to the comparisons made earlier between transaction counts across bitcoin and ethereum.

In Q1 2017, 87 percent of the community thought that Raiden would be live on ethereum by the end of 2018, while 69% thought Lightning would be live on bitcoin.

Ethereum dapps including Funfair and Spankchain have however built dapp-specific scaling solutions and research on generalized state channels is ongoing by several parties.

Much like bitcoin companies benefited from the building heavy period of 2014 and 2015, hopefully ethereum and its dapps can benefit heavily in the coming years from the tech built in 2018's bear market.