Analysis of The Top Marketplaces dApps
Top dApps in the Marketplaces category, ranked by Users in the last 24 hours, reveal that PlayDapp Marketplace takes the top spot with a 3.6K user base that has been growing by 360.28%. tofuNFT has the second biggest user count - 1.3K users with a dip of -4.31%. In the third spot is Foundation with 901 users.
Filtering Top Marketplaces dApps by Balance reveals that in the last 7-day period, TopBidder had the highest value of assets - $5M. According to the data crawled, the second biggest Balance is held by Foundation with $124.6K, and the third one is OpenSea with the Balance of $68.1K.
After filtering Top dApps in the Marketplaces category by Volume, LooksRare is clearly bearish with a -15.48% decrease & takes the first place with the Volume of $93.9M in the last 30 days. Foundation has a Volume of $8.2M, and is second with a 2.14% spike. In the 30-day time window, the third spot is taken by tofuNFT with a rising $4.4M Volume.
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How can I track the top Crypto marketplace dApps?
In order to track and analyze the top Crypto marketplace dApps, you simply need to check out the “Marketplaces” category on the Crypto Tracker tool, and find the metrics that are relevant to you. You may compare and contrast these metrics with different dApps, and follow the ones that are most important to you.
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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.
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.
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.