Analysis of The Top dapps.social dApps

Top dApps in the dapps.social category, ranked by Users in the last 24 hours, reveal that Livepeer takes the top spot with a 167 user base that has been decreasing by -12.11%. Minds has the second biggest user count - 7 users with a spike of 75%. In the third spot is Sense Chat with 2 users.

Filtering Top dapps.social dApps by Balance reveals that in the last 7-day period, Sense Chat had the highest value of assets - $244.3M. According to the data crawled, the second biggest Balance is held by Yup with $5.5M, and the third one is Cent with the Balance of $686.8K.

After filtering Top dApps in the dapps.social category by Volume, Cent is clearly bullish with a 59.72% increase & takes the first place with the Volume of $658.08 in the last 30 days. Yup has a Volume of $199.18, and is second with a -76.99% dip. In the 30-day time window, the third spot is taken by Ideamarket with a steady $107.67 Volume.

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FAQ

What does the “Users” metric tell me about the top Crypto social dApps?

The “Users” metric tracks unique source addresses in dApp transactions with smart contracts, on the blockchain. This, in turn, allows you to learn about the popularity of the Crypto social dApp, and just how many unique addresses are associated with it at any point in time.

Can I track more than one of the top Crypto social dApps?

Yes - the Crypto Tracker tool allows you to track and follow any number of Crypto social dApps, whether it be the leaders in the space, or some of the less-known social decentralized applications. It’s simple and intuitive to do, too!

How can I use the BitDegree dApp Tracker?

BitDegree dApp Tracker is a #1 tracking platform where you can easily explore, combine and manage thousands of dApps to stay well-informed & always ahead of the game. By incorporating BDG dApp Tracker into your strategies, you’re able to set events and event notifications, to react and reach your goals according to real-time market conditions. We not only provide statistical analysis but also historical data and experts’ insights for more in-depth knowledge. All these resources are 100% free to use.

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.