The price may be in the gutter, but that hasn't stopped the Steem blockchain from rating well
China’s Center for Information and Industry Development (CCID) published its year end blockchain rankings last month and steem scored a Top 10 rating.
It rated as the 7th best blockchain to be precise.
Overall, China rated 35 different blockchain projects in total.
The full list can be seen below:
Steem rated within the Top 10 for all of 2019
This year end report would be the 15th time the CCID put out a blockchain rankings list since they began in early 2018.
At one point in 2018, steem was listed as the 2nd best blockchain project:
Though since that time, steem has mostly been hanging around the 10th spot during previous releases over the past year.
EOS and Ether have mostly enjoyed the top couple of spots since the list was created as there is definite weighting towards platform tokens/projects.
The Weiss Crypto ratings show more of the same for Steem...
Steem was listed as the 16th highest rated project overall according to Weiss.
Not as good as the CCID rating, but keep in mind that EOS was rated as the 20th highest rated project overall according to Weiss:
This may be the first time I have ever seen steem rate higher than EOS on any kind of ranking list! :)
Either way, having steem rate as the 7th best blockchain project in the world (or the 16th best) yet be listed as the 80th most valuable project seems to be a bit off.
Steem continues to lack application
According to these rankings, steem is still searching for its killer application.
Much of crypto is still searching for its killer app, but steem seems to be doing worse than most in this regard (at least according to the rankings)
In fact, steem has the lowest score of any of the 35 projects rated on that first list, even lower than the previously tied-with monero.
That is a bit ironic in that steem was supposed to be revolutionary in that it powered one of the most widely used apps in all of crypto with steemit.com. That was supposed to be the gateway for the masses to get into crypto.
However, it hasn't really panned out.
Overall, these rankings pretty much tell us what we already know...
After close to 4 years of existing in the wild, steem is still a good blockchain, a great blockchain in fact, but it is still searching for a real use case.
Perhaps SMTs, Communities, or Splinterlands can help change that as we move forward.
Stay informed my friends.