#4294 In General #2024 In DeFi #2793 In ETH

YoBit.net ETH Protocol Dapp DeFi

YoBit.net ETH Protocol
Dapp DeFi

YoBit.net DeFi is a fully decentralized platform that offers 16 liquidity pools in addition to near-instant low-fee swaps. The liquidity pools hold an APY of 277%. They also contain cryptocurrencies like Bitcoin and Dogecoin. Users can deposit or withdraw fiat currencies without having to go through KYC procedures. Moreover, users of the platform can participate in a trading contest everyday and win prizes worth up to $30,000.

YoBit.net Social Profiles:

YoBit.net Social Profiles:


YoBit.net dApp Analysis

Get the most important YoBit.net dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

YoBit.net DAPP Technical Analysis

YoBit.net dApp is a crypto asset from the DeFi category built on the Ethereum protocol. Now it’s ranked as #4294 in general dApp rankings according to the user count, and #2024 in the DeFi category, which gives you a good idea of how YoBit.net dApp performs among its competitors.

By analyzing YoBit.net dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $40.45, and the Volume is stable with $0.00. YoBit.net has generated 10 Transactions with a -52.38% drop in the 30-day period. Clearly, the Volume has been steady by 0% in comparison to the previous 7-day period. The data of the last 7 days show that the YoBit.net user base is 10 & has been increasing by 100%.

We also recommend taking a look at the YoBit.net Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.


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FAQ

What sort of information can I get about YoBit.net with the BDG Crypto Portfolio Tracker tool?

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to YoBit.net, 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 YoBit.net is ranked as the #4294 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

How should I know if the YoBit.net dApp is worth tracking?

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 YoBit.net 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 YoBit.net is worth tracking!

How has the YoBit.net volume changed over time?

In the last 24 hours, YoBit.net had a volume of $0.00. 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 0%.

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.

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.

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.