Sat. Sep 25th, 2021
    dApps, Free TON, DeFi

    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.

    Auctions

    One of the most popular sites is Auctionity.

    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.

    One of the first decentralized games was CryptoKitties, developed on the Ethereum blockchain.

    It caused such a stir that the number of transactions on the network reached a record, overloading the blockchain.

    Finance

    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.

    The most popular decentralized application from the DeFi world is the Uniswap cryptocurrency exchange.

    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

    Such aggregator platforms as Dapp Radar, Dapp Review, and Dapp.com have become the solution for searching, analyzing, and tracking the dynamics of all kinds 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.

    Dapp Radar

    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.

    Dapp Review

    Tracks over 5000 dApps on 15 blockchain protocols.

    Dapp.com

    The app has a DAPPT token, tracks over 3,000 dApps on protocols such as Ethereum, EOS, Tron, Klaytn, NEO, Steem, IOST, TomoChain.

    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?

    DApps categories

    DeFi
    Games
    Exchanges
    Gambling
    Marketplace
    Collectibles

    Protocol (blockchain)

    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?

    Are you into online games? Meet the TOP 10 most popular blockchain games.

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    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!”

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