Elk Finance dApp

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to Elk Finance, 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 Elk Finance is ranked as the #168 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

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 Elk Finance 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 Elk Finance is worth tracking!

In the last 24 hours, Elk Finance had a volume of $1. This is a -90.17% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -16.11%. Lastly, if you were to look at the 30-day period, the change is around -32.2%.

A dApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled by tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no single entity has control over the network. Also, dApps are transparent as data is kept public and smart contracts are open-sourced. This is true no matter if the dApp is a crypto wallet, an exchange platform, or else.

The main benefit of dApps is that they're completely free from the control of any single authority and operate by the logic of smart contracts. This means that no individual, no matter how powerful, can control the dApp after its smart contract is 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.

dApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, the Internet of Things, elections & 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's approach makes dApp & other Web3-related information well-accessible and easily understandable for everyone globally.