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The crypto ecosystem is evolving at an unprecedented rate. As more and more novel solutions are introduced to facilitate use cases that benefit the global crypto community, the market is witnessing an influx of new decentralized applications (dApps), non-fungible tokens (NFTs), decentralized finance (DeFi) initiatives, and tokens, spread across multiple blockchain networks.
Even though Ethereum still has the lion’s share of the dApp and DeFi market, its ongoing network congestion and inflated gas fee have paved the way for third-generation blockchain platforms to emerge as potential competitors.
Due to this, the already fragmented dApp ecosystem has scattered across the ever-expanding blockchain ecosystem. Users often find themselves lost between blockchain networks with so much to track. In most cases, this fragmentation within the crypto ecosystem leads to missed opportunities.
At the rate at which blockchain and crypto adoption is growing, the dApp ecosystem has a huge market to tap. However, finding the right dApp at the right time can pose a challenge for many users, given the limited number of tools available.
This is where blockchain analytics platform DappRadar comes into the picture. DappRadar is already the go-to source for all data related to NFTs, DeFi, dApps, airdrops, and much more. To expand beyond its initial offerings, the platform will soon launch the first-ever decentralized “World dApp Store.”
The One-Stop-Shop For All dApp Demands
Founded in 2018, DappRadar entered the crypto scene as a blockchain analytics platform and has gradually repositioned itself as the “World’s dApp Store.” It now intends to expand into a full-scale dApp store that will cater to the B2B consumers as well, similar to existing app stores on Android, iOS, and Windows, but with significant differences.
The expanded B2B model extends DappRadar’s existing B2C lineup, covering the full dApp user journey. The B2B dApp store concept, which challenges traditional app store mechanics, will maintain the core values of decentralization, including user sovereignty in the form of real ownership, data-driven discovery, and decentralized storage, as well as DappRadar’s “0% dApp store tax” policy.
Aligning to the long-term goal of expanding into the B2B model, the DappRadar team recently launched the RADAR token, which will act as the primary utility token for its community-led platform. The DappRadar team also clarified that there wouldn’t be any pre-sale for the RADAR token, which is intended to reward the dApp community. The RADAR token will be the basis of the DappRadar ecosystem, rewarding users for their contributions and giving token holders influence over the Dapp store.
Since its launch, the DappRadar platform has witnessed significant growth. It has continuously shared its data and reports with prominent market players like Blockchain.com and MyEtherWallet. To keep up with the exponential growth of the dApp industry, the platform will build upon its existing offerings with a supportive dApp store infrastructure designed to appeal to businesses seeking to integrate dApp capabilities.
Fastest-Growing dApp Analytics Platform
DappRadar currently boasts over four million unique website visits per year and more than 600,000 daily active users, with details of more than 9,000 dApps across 30 protocols available on the platform. Additionally, DappRadar also offers a portfolio management suite.
As a fully-featured B2C infrastructure, DappRadar has integrated TokenSwap into its platform, enabling users to exchange ERC-20 tokens across multiple blockchain networks. Leveraging on its existing features of multichain data coverage across a wide range of dApps, NFTs, DeFi projects, and more, DappRadar’s dApp store will enable businesses to integrate Dapp capabilities with a fully-featured decentralized dApp store infrastructure.