RenVM dApp

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to RenVM, 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 Ethereum-powered RenVM is ranked as the #91 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 RenVM 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 RenVM is worth tracking!

In the last 24 hours, RenVM had a volume of $0. This is a 0% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by 0%. Lastly, if you were to look at the 30-day period, the change is around -100%.

DeFi stands for decentralized finance and is also known as the blockchain-powered form of finance. It doesn’t rely on any centralized banking institutions and uses smart contracts instead. Those smart contracts are usually based on the Ethereum blockchain. The most popular DeFi projects include Uniswap (UNI), PancakeSwap (BSC), ChainLink Token (LINK), Wrapped BTC (WBTC), Dai Stablecoin (DAI), and others. You can take a look at the top DeFis in our comprehensive DeFi directory.

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.

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.