Get to know 4 popular decentralised applications (DApps)
Running on top of a blockchain network, DApps are one of the fastest-growing sectors in the blockchain space.
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Highlights
- DApps are developed on a blockchain ecosystem
- They are used in a wide range of fields, like finance, online games, banking, etc.
- UniSwap, OpenSea, Audius and Aave are some of the renowned DApps
Decentralised applications, also known as DApps, run atop a blockchain, thereby creating an innovative open-source software ecosystem that is both secure and resilient.
In fact, it is one of the fastest-growing segments in the blockchain space as these DApps have large use cases in major industries like finance, e-commerce, banking, social media, gaming, etc.
This article would talk about the four renowned DApps of today.
Uniswap
Uniswap was one of the first decentralised finance (DeFi) applications running on the Ethereum blockchain. Launched in 2018, the said platform allows users to swap and trade ERC-20 tokens. It is compatible with wallet services like MetaMask and MyEtherWallet.
It is completely open source, meaning anyone can access the platform by simply connecting a crypto wallet. As per its official website, the platform boasts a trading volume of over $1.4 trillion with more than 300 integrations.
Aave
Another popular DApp is Aave, which is an open-sourced liquidity protocol, that offers users complete transparency. Originally built atop the Ethereum network, Aave has expanded to other chains, like Avalanche, Fantom, and Harmony.
It also has a native crypto token, known as AAVE and the platform uses a decentralised autonomous organisation (DAO), which is operated and governed by the people who hold and vote with its in-house currency.
OpenSea
OpenSea is one of the leading NFT trading marketplaces, which was introduced in 2017. Initially, the platform was created on the Ethereum network but was integrated into the Polygon blockchain later.
It has several NFT categories, including art, collectibles, music, sports, photography, real-estate, in-game possessions, and heaps more.
Audius
Next comes Audius which is a unique DApps, catering to the entertainment sector using blockchain technology. It offers a steaming platform created for musicians. Moreover, it allows creators to mint NFTs of their music and make them immutable tokens on the blockchain.
Here one can find big names like deadmau5, Steve Aoki, Katy Perry, and other new and emerging artists.
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