Crypto

Popular Dapps Contribute Nothing new to Crypto

There are always questions as to which Dapps are effectively popular and which are just a flash in the pan. A new report by DappRadar shows that high-risk projects will always attract  a certain crowd, for some reason.

It is always intriguing to see how the Dapp ecosystem evolves.

High-Risk Dapps Remain Popular

With so many projects coming and going, it can become difficult to keep track of everything.

A new report by DappRadar shows that things are still evolving every quarter.

Especially high-risk projects and offerings will be of great interest to a lot of users.

This is primarily because gambling, betting, and high-yield investment programs have always been popular among crypto holders.

Related Post

Overall, it would appear that Ethereum remains the go-to Dapp platform for most users. 

It also maintains 99% of the entire transaction volume for high-risk offerings in Q1 2020.

The high-risk Dapp segment of Ethereum has also grown significantly, indicating that the growth spurt may not be over.

It is also worth noting that HEX contributed to a lot of this volume.

That project still remains controversial, despite it still attracting investors every week.

All in all, high-risk Dapps remain popular, yet they contribute nothing new to the blockchain and cryptocurrency industry.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

9 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

11 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

1 day ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

1 day ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

2 days ago

Exponent Finance Launches V2 To Expand Institutional Yield Markets On Solana

From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…

3 days ago