China’s Center for Information and Industry Development (CCID) has released its monthly ranking of cryptocurrency projects. The latest ranking which was released on March 22 featured EOS, TRON and Ethereum in the top 3 positions.
Background of China’s Monthly Cryptocurrency Rankings
Although China has in place a blanket ban on cryptocurrency activities in the country, it has kept an eye on the space. Through the CCID, China monitors and ranks leading blockchain projects.
The first ranking was published in May and featured Bitcoin, Ethereum and other cryptocurrencies. However, in subsequent releases EOS has become the best-ranked project and the trend continued this month. The CCID and researcher at China Software Testing Center rate the projects on 3 criteria, namely:
- the application of the project,
- the technology of the project, and
- the innovation of the project.
China Cryptocurrency Project ranking for March 2019
The rankings published in March is the 11th monthly ranking. The agency ranked 35 projects, the highest number it has evaluated since the inception of the exercise. The top three positions remained unchanged from last month. EOS [EOS], TRON [TRX] and Ethereum [ETH] kept their places. Interestingly they are the three most popular platforms for launching decentralized apps (DApps) and smart contracts.
EOS [EOS] Stays Top for 10th Consecutive Time
Since it was named the first spot in June 2018 edition, EOS has maintained the top position and was not replaced now. It scored a total of 155.5 points, greatly helped by a high 104 points for basic technology.
TRON [TRX] Edges Ethereum [ETH] for the Second Time
In the second position, TRON stayed above Ethereum (ETH) after it first overtook it in last month’s ranking. Previously unranked TRON came in to flip Ethereum to second place helped by a superior score of 99 points in basic technology.
Ethereum, which has always played second fiddle to EOS in the previous rankings complete the top 3 positions. EOS and TRON also top Ethereum for the number of active users of DApps deployed on their networks.
Tron (TRX) has had a series of good developments in the past month. One is the decision by Tether to create a version of its stablecoin on the TRON network. Huobi Global exchange and OKEx exchange have declared support for the stablecoin.
Bitcoin [BTC] Drops To 15th Position Again
Last month Bitcoin BTC moved from position 13 on the rankings to 15. However, in the latest announcement, Bitcoin goes back to a 15th position below Stellar and Komodo in joint 13.
Top 10 Cryptocurrencies by CCID Ranking
According to the Chinese researchers, other top 10 cryptocurrency projects apart from EOS, TRON, and Ethereum include BitShares, Nebulas, Ontology, Nash Chain, GX Chain, NEO, and Steem Chain.
Top cryptocurrencies like Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR) and Cardano (ADA) ranked outside the top 15.