2021 was a great year for the overall Crypto market. Moving forward, the development of DApps or Decentralized Applications will likely accelerate the innovation and funding in the space.
Currently this is the wild west; Entrepreneurs and Developers have the freedom to explore the unlimited uses of the blockchain to create applications that can provide value to the crypto market. This is an incredible investment opportunity. The companies that successfully develop the most demanded and useful app services will be incredibly valuable in the future.
These decentralized applications are boosting investor engagement in the crypto market.
The ideation and concept of decentralization have been around for quite some time, but it has recently become popular after the creation of the first cryptocurrency. Bitcoin is the perfect example to explore the possibilities that decentralization can bring to the finance industry. Even though decentralized apps are a relatively new technology, it is making great strides in the investor community. DApps run on a peer-to-peer or blockchain network. So, no single company or individual has control over it, instead, it is community-driven. Several platforms are available to deploy decentralized applications. In this article, are the top most popular decentralized apps that the crypto industry has to offer.
- PancakeSwap
PancakeSwap is one of the most popular decentralized cryptocurrency exchanges on the Binance Smart Chain. But it also provides the most popular dApp in cryptocurrency. PancakeSwap charges significantly lower transaction fees in crypto and offers several other facilities.
- MakerDAO
MakerDAO is a decentralized crypto-lending platform with its personal digital currency called the DAI. It enables the users to lend and borrow cryptos using its decentralized application without any third-party interference. Most investors are attracted to this app due to its stablecoin currency Dai.
- Golem
Golem is a decentralized application that focuses on establishing a worldwide network for idle computer power. The idea behind this app was to collaborate the powers of PCs and data centers and create a supercomputer that can be accessed by anybody in the world.
- Circulor
It is one of the top decentralized applications that enable supply chain traceability for electric cars and other electronic products. It is a track-and-trace platform that allows the users to safeguard deliveries, manage payments, and check the origin of the raw materials, to name a few.
- Uniswap
Uniswap is a top decentralized exchange on the Ethereum platform. It is one of the highest integrated platforms with more than 300 applications on its ecosystem. As a leader in DeFi, experts believe that it will lead the initiative in the future for DEXs.
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