The interest in decentralized applications is constantly growing. It is a trending topic now, just like CBDC and NFT. DApps appeared a long time ago and at first were actually ignored by the cryptocurrency community, but now the situation has changed.
In addition to Bitcoin, which has risen in value dramatically over the past few months, DApps have attracted the attention of the cryptocurrency community. Decentralized applications are dramatically transforming the way a business operates today, and this is very important.
DApps are Decentralized Applications, which represent a new category of blockchain-based applications. DApps applications are decentralized, they are not controlled by anyone’s central authority or company. DApps applications use blockchain technology and operate over a peer-to-peer network as opposed to a computer network.
In a peer-to-peer network, information is continuously distributed among its participants, rather than stored on a central server. Although a large, decentralized network suffers from lower speed and performance compared to a central server, the large number of participants makes the peer-to-peer network optimally resilient.
One of the earliest examples of DApps was Bitcoin, which sparked a wave of innovation. Since then, thousands of new DApps have been created. Today, the Ethereum blockchain is the most popular platform for building DApps, supporting almost 2000 such applications.
Among the most widely used Ethereum DApps are decentralized exchanges, cryptocurrency trading applications, and even games. The ability to use smart contracts on the Ethereum blockchain is one of the most important building blocks for DApps.
DApps can have a wide range of functionality that goes beyond the simple transfer of digital currencies. DApps can transfer all types of digital data and have a variety of use cases. These applications are much more powerful than traditional applications.
Many popular programs and related services may become decentralized in the future due to their inherent flexibility, security, and transparency. The only downside to decentralized networks is that they are harder to scale for application use.
While centralized servers, managed and coordinated from a central location, can be easily upgraded for specific uses, the computing power of a decentralized network fluctuates in more than just the number and power of nodes. Power is influenced by many factors. This makes it difficult for developers to predict network capabilities.
DApps statistics 2021
As of March 21, 2021, the DApps ecosystem has 3,809 applications with over 145,000 active users. More than 2,000,000 transactions worth more than $ 400,000,000 were carried out in 24 hours.
Most of the decentralized applications are based on Ethereum — 3075, then EOS — 336, and Tron — 71. Ethereum is the undoubted favorite among developers of decentralized applications due to its versatility and flexibility. However, the situation will change when DApps are fully developed on the basis of the Free TON blockchain, after the adoption of the corresponding proposal on the forum.
In total, as of March 21, 2021, out of 3809 decentralized applications:
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More than 1800 — live/active.
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More than 1100 — closed/inactive.
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Are in testing (are in beta tests) — 292.
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In development — 246.
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There is a prototype — 178.
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Broken — 58.
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Only the concept has been developed — 42.
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Hidden — 11.
Decentralized applications based on Ethereum are used daily by more than 90,000 active users, EOS — 30,000, Tron — 10,000. In December 2018, there was a surge in the number of new decentralized applications — 172.
This is the highest rate of new decentralized applications in the entire history of this market. as of March 21, 2021. Main events on the DApps market for February 2021:
● BSC (Binance Smart Chain) has overtaken Ethereum in terms of transaction volume and unique active wallets. Blockchain has generated over $ 700 billion in transaction volume.
● Venus, powered by Binance Smart Chain, had $ 400 billion in deals.
● Ethereum posted the largest Total Value Locked (TVL) in February at $ 40 billion.
● The NFT sector has performed the best ever. The top 3 NFT dapps have grown from $ 71 million to $ 342 million. The NBA Top Shot accounted for 67% of the transaction volume.
Ethereum’s scalability problems persist, with the result that other solutions (blockchains) have begun to strengthen their position in the market. At the same time, the NFT sector began to show its real potential. Not only well-known projects have achieved record-high sales, but the industry’s newcomers have shown impressive results.
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