Vitalik Buterin Likes Maker, Augur and Uniswap as Top Three Most Adopted Crypto Projects to Date
During an interview with Kobe van Reppelen, Vitalik answered many issues that were presented by the Ethereum community on Reddit.
Which Are the Most Successful dApps?
There are hundreds of different decentralized applications (dApps) that have been developed on top of Ethereum for users to be able to enjoy them at any moment. Nonetheless, not all of them were able to gain traction and attract a large number of users.
About the most successful decentralized applications and utility tokens, he said that there are several projects such as Maker or Augur that are very promising.
On the matter, Buterin commented:
“I mean in terms of like things that people are using, Maker, Augur and Uniswap, kinda seem clearly be the top three in, like, a lot of people’s minds I think. People are making trades on Augur, people are using DAI, and Uniswap is being used for exchanging all sorts of things.”
MakerDAO is a platform that offers smart contracts and that is powered by the Dai and the Maker (MKR) cryptocurrencies. The platform stabilizes the value of the Dai to the US dollar using external market mechanisms and other incentives.
At the moment of writing this article, Maker is the 16th largest digital asset in the market and it has a valuation of $700 million. Each MKR coin can be purchased for $700.
Augur (REP) is a decentralized prediction market platform that works with the Ethereum network and allows users to bet on the outcome of future events and monetary prizes. Clearly, if there is a less likely event to occur, then the bigger the reward. Augur is the 41st digital asset with a market cap of $159 million. Each REP coin can be bought for $14.47.
Meanwhile, Uniswap is an open source interface that aims at improving the interaction between users and smart contracts.
Buterin has also been asked whether he is concerned about the future of the MakerDAO project and how the team is dealing with it. As he said, what makes him worried is the fact that there is over 2 million Ether locked up in a smart contract.