DRIP Social Profiles:
DRIP Social Profiles:
DRIP dApp Analysis
Get the most important DRIP dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!
DRIP DAPP Technical Analysis
DRIP dApp is a crypto asset from the DeFi category built on the Binance Smart Chain protocol. Now it’s ranked as #2 in general dApp rankings according to the user count, and #2 in the DeFi category, which gives you a good idea of how DRIP dApp performs among its competitors.
By analyzing DRIP dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $2.6M, and the Volume is bullish with $11.2M. DRIP has generated 1.2M Transactions with a 6.61% rise in the 30-day period. Clearly, the Volume has been growing by 43.32% in comparison to the previous 7-day period. The data of the last 7 days show that the DRIP user base is 1M & has been increasing by 11.05%.
We also recommend taking a look at the DRIP Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.
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What sort of information can I get about DRIP with the BDG Crypto Portfolio Tracker tool?
The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to DRIP, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you’ll learn that Binance Smart Chain-powered DRIP is ranked as the #2 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.
How should I know if the DRIP dApp is worth tracking?
The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how DRIP compares with other dApps, as well. Depending if the results satisfy you or not, you’ll have a much better idea of whether or not DRIP is worth tracking!
How has the DRIP volume changed over time?
In the last 24 hours, DRIP had a volume of $488.7K. This is a -8.21% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by 43.32%. Lastly, if you were to look at the 30-day period, the change is around 3.42%.
What is a dApp?
DApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled with tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no one has control over the network and operate on their own. Also, dApps are transparent as data is kept public and smart contracts are open-sourced.
What are the main benefits of dApps?
The main benefit of dApps is that they’re completely free from the control of any single authority and operate by logic of smart-contracts. This means that no individual, no matter how powerful, cannot control the dApp after its smart contract was launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. DApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.
Where can dApps be applied?
DApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, Internet of Things, elections and voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it’s unclear what more the future will bring. BitDegree approach makes dApp & other blockchain-related information well accessible and easily understandable for everyone globally.