DappRadar: Ethereum Decentralized Applications Chart List?
What Is DappRadar?
On DappRadar, the ethereum-based Dapps are ranked according to the DAU or Daily Active Users. This site shows the real popularity of a dapp and its usability. You also have to sort the dapps by their transaction volume or transaction count. It is a great way to gain insight on dapps with just the click of a button.
The DappRadar site lists almost 10 new apps daily. Here, you will find 100 of the most popular dapps on the ethereum blockchain being tracked. In just two weeks, this site has shown that dapps had a circulation of 95 thousand ether. In terms of cash, that is about $82 million. Most of this dapp market is occupied by gaming dapps. However, some of the games have been frowned upon by experts, who view them as some kind of Ponzi schemes.
Right now, there are not many dapps with real-world use cases. However, this could change with time as technology around the blockchain continues to develop. With so much going on around the world of the blockchain, this could happen as soon as in just a few years. Once dapps with real-world use cases emerge, the ethereum blockchain could explode. At that point, its value could become significantly higher than that of the bitcoin, which can only be used as currency or a store of value.
However, we have to be cognizant of the fact that current dapps will be here for quite a while. According to current projects, most of the dapps in existence today are expected to generate about a billion dollars’ worth of circulation in just seven months. If you are hoping to benefit from some of these developments, the best time to jump and start working on dapps is now.
For developers, this would also be a great time to come up with dapps, which have real-world use cases. There is already enough experience in this field from which to learn. Thus, you can use the experience gained from the creators of gaming dapps and utilize it to create useful dapps for the future.
Who Can Use DappRadar Eth Decentralized Applications Chart List?
The DappRadar.com site is a free site that is open to anyone. If you have an interest in dapps, you can come to the site and learn more about them here. For instance, you will get to understand which ones have the highest volumes and which ones are most popular. You can then use this information to conduct further research into a particular dapp.
Some Significant Insight Gain From DappRadar
One of the significant news that was gained from the site is that CryptoCountries made $25 million worth of transactions in just 24 hours. According to the site, transactions on the site had reached volumes of 27,309 ETH, which is about $25 million. In CryptoCountries, you are allowed to buy a virtual country until someone else pays more for it. There has been a lot of hype around this dapp, which may help to explain these trading volumes.