Cryptocurrency and blockchain have witnessed a surge of excitement in the last few years, and for good reason. Blockchain, the decentralized public ledger system that underpins cryptocurrencies, has the potential to transform how businesses operate. Its ability to provide secure, verifiable transactions, and its decentralized nature, means it can act as an efficient and transparent means of exchange. DApps, or decentralized apps, are applications built on blockchain technology that operate independently without being subject to control from a central authority.
Crypto investors are always on the lookout for the latest and greatest DApps as they provide the opportunity for long-term growth and profits. That’s why we’ve decided to present 5 DApps every crypto investor needs to know about in 2021.
1. Uniswap
Uniswap is a popular DApp built on the Ethereum blockchain that enables trading without the need for intermediaries, such as centralized exchanges. Uniswap allows users to swap Ethereum-based tokens without the need for an order book or an exchange. Its simple user interface makes it easy to use for both seasoned and beginner users, making it one of the most prominent decentralized exchanges in the market.
2. Aave
Aave is a DeFi (decentralized finance) platform that allows users to lend, borrow, and earn interest on their cryptocurrencies. Unlike traditional lending platforms, Aave operates on the blockchain and is not subject to the restrictions and regulations of traditional finance. Aave has become an increasingly popular lending platform due to its broad range of cryptocurrency options, security, and ease of use.
3. Chainlink
Chainlink is a DApp that connects smart contracts on the blockchain to real-world data and events, making it possible for the smart contracts to operate automatically. This means that smart contracts can be created to execute based on real-world data inputs, which is a game-changer for use cases across multiple industries, including supply chain management and insurance.
4. The Graph
The Graph is an indexing platform for blockchain data, enabling developers to build decentralized applications on blockchains. With The Graph, developers no longer need to build custom indexing solutions, making it possible to create blockchain-based applications faster and more efficiently. This DApp is already powering over 10,000 decentralized applications and is expected to keep growing in the coming years.
5. MakerDAO
MakerDAO is another DeFi platform that operates on the Ethereum blockchain. The platform offers a stablecoin called DAI that is backed by Ethereum. This means that the value of DAI is pegged to the value of the Ethereum blockchain, providing a stable means of exchange. Users can earn interest on their DAI holdings, making it an attractive option for savers.
Conclusion
These are just a few of the many DApps that investors should keep an eye on in 2021. These DApps not only provide exciting opportunities for profit but also offer innovative solutions for various industries. As the blockchain space continues to mature, these DApps will likely become even more crucial for the adoption of decentralized technology.
