Decentralized applications: why they appeared, how they are evaluated, what platforms for analysis exist.
Decentralized application (dApp) is a computer application that is based on such blockchain technology as smart contracts. In fact, the task of the dApp is to receive data from the user and launch the corresponding blockchain smart contracts.
A decentralized application can have a user (client) interface written in any language that supports the communication protocol with the decentralized part.
DApps Application Areas
Many people associate dApps only with cryptocurrencies, but their scope is much wider.
Thanks to smart contracts, online auctions become as transparent as possible, as the system automatically records the time and size of bids, excluding manipulation.
Gaming And Gambling
In online games, dApps guarantee transparency of bets and reliable protection of users’ funds and offer the user applications with built-in marketplaces where players can buy and sell their game items already using NFT technology.
It caused such a stir that the number of transactions on the network reached a record, overloading the blockchain.
Decentralized financial applications (DeFi) are another popular type of dApps. They provide data transparency and confidentiality at the same time. The distinctive features of DeFi include its accessibility: everyone who has an Internet connection can use the financial system.
Decentralized apps appeared in 2017, with the main growth period in 2019. The largest number of dApps are created based on smart contracts in the Ethereum ecosystem.
As the dApps market became established, the question arose about the need to track, evaluate, and simply search for various decentralized applications created in different blockchains.
Platforms For Diving Into The World Of DApps
They track the appearance of new dApps in various protocols, such as ETHEREUM, NEAR TRON, EOS, IOST, STEEM, NEO, ONT, LOOM, WAVES, WAX.
The company began its development in 2018, after the launch of the platform of the same name. Currently, they are tracking over 5,837 dApps on 20 blockchain protocols.
Tracks over 5000 dApps on 15 blockchain protocols.
A huge number of decentralized applications have been collected on these platforms, and their number is constantly increasing. But how do you know what application was created, what it’s for, and how it works?
Each platform analyzes different protocols. Here are the main ones whose ecosystems have the most dApps.
Ethereum / Polygon / WAX / BSC (Binance Smart Chain) / EOS / TRON / NEAR / NEO / STEEM
DApps Evaluation Parameters
Balance — valued in USD. The total amount of cryptocurrency on a smart contract in dApp.
Users — the number of dApp users.
Volume — dApp daily trading volume.
Activity — user activity. It is evaluated by the activity of transactions within the smart contract.
Balance in some applications is several million dollars, and the number of users reaches 350 thousand people. Doesn’t this show the usability of dApps and their growing popularity?
Perhaps someday someone will read this article and exclaim, “And 10 years ago I could not have imagined centralized applications would disappear and the world would be built on the blockchain!”