Analysis of The Top Other dApps
Top dApps in the Other category, ranked by Users in the last 24 hours, reveal that SCV.finance takes the top spot with a 1.3K user base that has been decreasing by -4.15%. ToCandy has the second biggest user count - 976 users with a dip of -2.3%. In the third spot is Seedify with 272 users.
Filtering Top Other dApps by Balance reveals that in the last 7-day period, tipit had the highest value of assets - $565.8B. According to the data crawled, the second biggest Balance is held by CPUbaole with $192.1B, and the third one is iBank with the Balance of $106.7B.
After filtering Top dApps in the Other category by Volume, SCV.finance is clearly bullish with a 85.06% increase & takes the first place with the Volume of $4.4M in the last 30 days. Token Batchsender has a Volume of $3M, and is second with a -14.99% dip. In the 30-day time window, the third spot is taken by Token Batchsender with a rising $1.5M Volume.
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All Crypto dApps can be analyzed by applying a few different metrics to the analysis process. If you see that the dApp has a high market cap, a lot of users, and the volume stat is relatively big, too, you can be certain that there’s a lot of public interest surrounding it. It might just be the next big thing in the dApp space!
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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.