11 Popular Crypto DApps For March 2022
A Decentralized Application (dApps) is a distributed open-source software application that operates on a peer-to-peer (P2P) blockchain network instead of a single computer. DApps are very similar to other software apps that can be backed by a website or mobile device, but supported by P2P.
DApps may include decentralized exchanges, blockchain-based games, NFT markets, financial dashboards, and other similar applications. Developing dApps is feasible on a variety of platforms, the most prominent of which being Ethereum, BNB chain, Solana, and others. This Crypto blog will look at the most popular Decentralized applications in Cryptocurrency for March 2022, as determined by user activity over the last 30 days.
1. Magic Eden (Solana) — 220.07k
This dApp was launched in 2021 as one of the main NFT Marketplaces based on Solana. It includes hundreds of collections, a Magic Decentralized Autonomous Organization, a Launchpad platform for NFTs, etc. After Magic Eden, Solana’s two most popular dApps are Raydium and MeanFi. It features a 24-hour trading volume of over $4.2 million with a total trading volume of over $653 million
2. Trader Joe (Avalanche) — 220.76k
It was established in June 2021 as the main decentralized cryptocurrency exchange for the Avalanche network. After Pangolin Exchange, it is the second most popular dApp on Avalanche. Trader Joe’s Finance dashboard includes a swap feature and methods for Yield Farming, Staking, and Lending. Utilized transactions are also available on Trader Joe’s Exchange.
3. Katana (Ronin) — 288.58k
Katana, which was founded in November 2021, is an exchange designed specifically for a major Crypto game called Axie Infinity, in which players gather tiny creatures called Axies and receive prizes by playing. The organization built its own blockchains Ronin and Katana in order to support a huge set of participants on Axie Infinity.
4. Upland (EOS) — 293.2k
In May 2019, this blockchain-based Metaverse game, built on the EOS blockchain, was released. The Upland game offers players a unique method to earn and generate value. The game is run by Uplandme, a multinational company located in Silicon Valley, wherein players swap virtual properties based on real-world locations.
5. Bomb Crypto (BNB) — 299.08k
Bomb Crypto is a play-to-earn NFT-based game that was released in October 2021 leveraging the Unity engine. Players earn rewards by regulating their heroes’ NFTs and slaying enemies. To start a game, users must first acquire a Bomb Hero NFT, which costs around $50. After PancakeSwap, it is the second most popular dApp on the BNB network in terms of usage.
6. Axie Marketplace (ETH, Ronin) — 376.87k
Axie Marketplace, which launched in March 2018, allows users to exchange their Axie NFTs as part of the Axie Infinity ecosystem. We have covered it before when discussing Katana. While Katana allows users to exchange the underlying assets associated with Axie Infinity, the marketplace allows users to sell genuine Axies. Apart from Axies, players may also buy Land, Items, and Bundles in the marketplace.
7. OpenSea (Polygon) — 412.32k
The NFT market OpenSea was established on Ethereum and then connected with Polygon to reduce the transaction costs that users must pay. OpenSea was released in December 2017. This platform introduced markets in NFT, and it was the first to become a mainstream platform, establishing the norm for others to follow. If you want to acquire an NFT, we recommend a visit to OpenSea, where hundreds of these NFTs are sold every hour.
8. AtomicAssets (Wax) — 468.78k
AtomicAssets is one of the leading NFT markets on the Wax and EOS blockchains. Since AtomicAssets’ inception in July 2020, there have been over 140 million NFTs and hundreds of collections on this platform. NFTs are used in a number of AtomicAsset’s NFT-based and metaverse games, namely Farmer World, Alien Worlds, Blockchain Brawlers, and many others.
9. Alien Worlds (Wax, BNB) — 501.26k
Alien Worlds was released in April 2021. It is the second-most popular Metaverse game, built on the Wax blockchain. We consider it to be our particular favorite. Mining Trilium, the platform’s primary asset, is a fundamental component of the gameplay. Trilium may be mined using AtomicAssets NFT mining tools, or it can be staked on the BNB chain to gain benefits after a staking interval.
10. Splinterlands (Hive, Wax) — 592.57k
Splinterlands, a collectible trading card game built on the Hive and Wax blockchains, debuted in March 2021. Trading card games, such as Hearthstone, replicate the game’s gameplay. The key distinction of Splinterlands is that it is blockchain-based, which means that players have complete control of their in-game assets. It has a market value of $58 million and 856k trading transactions each day.
11. PancakeSwap (BNB) — 2.98 M
PancakeSwap, the most popular dApp on the market, controls a significant portion of the industry. It was founded in September 2020. The derivative is based on the Uniswap DEX, but traders benefit from significantly cheaper costs because it is constructed on top of the BNB chain. PancakeSwap’s popularity can be attributed to its cheap costs and features such as a wide user base. Because it offers liquidity and develops a market for the token, the PancakeSwap exchange is generally the first to list the most newly-introduced cryptocurrencies on the exchange.
Disclaimer — The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.