Blockchain technology has an open-source license. So anybody can read or modify it. Because of this, developers all over the globe use open-source code to build multiple decentralized applications.
The number of applications running on the blockchain is much. To keep track of them, dapprader is a tool that compiled a list of all the decentralized applications like games, exchanges, wallets, tokens, etc.
How to use Dappradar
Dappradar is a user-friendly interface. Their website is open for discovery and learning of new projects. They are no complicating steps required to look up a project. It’s as simple as searching for the project of your choice, then click on it once the result is out. Then you will be directed to the App’s official website where you will read how well it’s performing in the market.
What are the details they provide about a project?
The details they give users about different projects of market capitalization, prices, project website, and a few other information about the project. Their open data feature enabled a user-friendly interface for users to explore the data of decentralized exchanges, decentralized finance, Reddit points dashboard, etc to gain information such as:
- Unique trader count
- Dex ranking by trading volume
- Trading volume per Dex
- Daily dex trading volume, etc.
To participate in analyzing the open data interface. Dappradar presents a doc file for interested people with SQL knowledge, cryptocurrency knowledge, and a passion for data analysis. After filling the file then click on submit and a support person will contact you through E-mail.
Advantages
They are some benefits of Dapprader you need to know.
- Easy access to an App or project
- Saves the stress of searching for good projects on blogs
- Ranks projects by their performances
- Contains what you need because of the numerous projects listed on their website.
Disadvantages
They are no actual disadvantages to this project. But one disadvantage is the provision of some projects that their future performance is not guaranteed to be good or not. For instance, new projects might crash.
In summary, dappradar is like a Dapp search engine, do not trust a project completely because it’s on dappradar. Dappradar has relieved so much time for investors and researchers seeking projects to work with. Dappradar is imposed on projects like Ethereum blockchain, Tron, etc. This makes it easier for them to extract projects hosted on this project. This is exactly how Dappradar works.
