Dappradar Coin: A Good Investment Or Just Hype?

DappRadar (RADAR) is a platform that provides insights and analytics on decentralized applications (dapps), including non-fungible tokens (NFTs), decentralized finance (DeFi), and blockchain-based gaming (GameFi). It aims to be a simple mass-market platform by utilising an app store discovery system similar to those on smartphones. DappRadar also has its own token, RADAR, which is used for governance, voting, and influencing purposes. The token also gives holders premium access to exclusive content on the platform. With the rise of the Metaverse and the play-to-earn gaming sector, DappRadar's role in providing data and analytics on dapps and NFTs has become increasingly important. This paragraph introduces the topic of DappRadar and its potential as an investment opportunity, highlighting its key features, benefits, and recent developments.

DappRadar's current market price and rank

DappRadar (RADAR) is a popular app market and community that provides insights into the state of the DeFi market and individual Dapps. It is a comprehensive database and analytics platform dedicated to decentralized applications (dapps) within the cryptocurrency ecosystem. It offers a range of services, including insights, rankings, and detailed usage statistics of various dapps.

As of August 28, 2024, the live DappRadar price is $0.004744 USD, with a 24-hour trading volume of $459,466 USD. The current market capitalization of DappRadar is $4,555,039 USD, and it is ranked #1271 in the most valuable coins list. The price of DappRadar has decreased by 10.09% in the last 24 hours. The circulating supply of DappRadar is 960,096,177 RADAR, with a maximum supply of 1,000,000,000 coins.

DappRadar's price has fluctuated over time. On December 23, 2021, the highest price paid for DappRadar was BTC0.051775. In contrast, on August 5, 2024, the lowest price was BTC0.077479. The 24-hour high and low prices of DappRadar were $0.005303 and $0.004591, respectively.

DappRadar can be traded on decentralized and centralized crypto exchanges, with Sushiswap being the most popular exchange. The RADAR token is an exclusive utility token for the DappRadar network, used to reward users for their contributions, pay fees, send value, and interact with network features. It also has governance and voting capabilities, allowing holders to influence the platform's future direction.

DappRadar offers a range of benefits, including user-friendly onboarding, excellent asset and application overviews, and flexibility in tracking over 3,000 dapps across top-performing blockchains. It is a valuable tool for gamers and NFT enthusiasts, providing a platform to swap, buy, and sell NFTs. Additionally, DappRadar supports staking features, offering low-risk and consistent returns for users.

The RADAR token's utility and governance functions

The RADAR token is integral to the DappRadar ecosystem, serving multiple purposes. It acts as both a utility and governance token.

Utility Functions

• Payments: DappRadar accepts RADAR as a payment option for its services.
• Access to DappRadar PRO: Community members with 5000 RADAR tokens in their wallet can access exclusive analytics, data, features, content and reports.
• Staking: Users can provide liquidity in the ETH-RADAR liquidity pool on SushiSwap to receive LP tokens, which can then be staked.
• Enhanced Insights and Tools: The use of RADAR tokens will enable users to gain extra insights, more filter options, and powerful tools to discover the best dapps on the market.
• Enhanced Dapp Pages: For dapp developers, RADAR tokens can be used to enhance their dapp page and expand their user acquisition capabilities.

Governance Functions

The RADAR token gives holders a say in the platform's development and decision-making processes. Community members with 100,000 RADAR tokens in their wallet can create proposals and contribute to shaping the future of DappRadar. Anyone holding RADAR tokens can vote on these proposals, giving the community influence over the platform's direction. This governance mechanism ensures that the community has a stake in the platform's development, aligning the interests of users with the platform's success.

The combination of utility and governance functions empowers developers, partners, publishers, and users alike, and is central to DappRadar's multifaceted approach to security and community engagement.

DappRadar's staking features

DappRadar (RADAR) is a popular app market and community that provides insightful information on the state of the DeFi market and individual Dapps. It is a comprehensive database and analytics platform dedicated to decentralized applications (dapps) within the cryptocurrency ecosystem. DappRadar supports staking features as an option, which is a great choice for new users due to its low risks and consistent returns.

Staking is very different from trading, as staking protocols don't require you to risk losing your original asset. With staking, you can calculate your payout in advance using a staking calculator. Staking is a great way to secure low-risk returns, and DappRadar's staking features make it a convenient platform for users interested in this option.

The RADAR token, native to the DappRadar ecosystem, is integral to its staking features. It serves as a utility token, facilitating transactions and interactions within the platform. The token can also be staked to secure low-risk returns, and it plays a crucial role in the platform's governance model, giving holders a say in its development and decision-making processes.

In addition to staking, DappRadar offers a range of other features, including portfolio tracking, a global app store for decentralized applications, and a token swap protocol. The platform is committed to data accuracy and market intelligence, providing users with facilities like token swaps, NFTs, Dapps, and portfolio management. With its staking features, DappRadar offers a comprehensive suite of tools for users interested in the decentralized application space and exploring various investment options.

How DappRadar works

DappRadar is a database and analytics platform for decentralized applications (dapps) within the cryptocurrency ecosystem. It was established in 2018 and serves as a resource for users, developers, and investors interested in the decentralized sector. The platform covers a wide range of protocols and verticals, positioning itself as a global hub for dapps.

DappRadar's platform includes features such as insights, rankings, and detailed usage statistics of various dapps. It also has a decentralized autonomous organization (DAO) that allows for community governance and involvement. The RADAR token, native to the DappRadar ecosystem, is used for governance and decision-making, as well as powering the platform's operations.

The DappRadar website is easily accessible and free to use. It includes options such as a global app store for decentralized applications and a focus on the Metaverse, a virtual 3D world where people can create their own assets. The website also has portfolio tracking options, allowing users to see their gains or losses and track their digital assets.

The market is broken down into multiple sections, including Dapps, NFTs, Tokens, and DeFi, making it easier for users to find the projects they want to track. Tokens can be ranked based on value, market cap, users, and more, with vital information provided for each token.

DappRadar also features a token swap protocol that enables users to trade their Radar tokens for other top-performing ERC-20 tokens securely and without the need for a third party. The RADAR token can also be staked to secure low-risk returns.

DappRadar's competitors and alternatives

• Four Pillars: A blockchain research firm that provides insights into the latest trends, technologies, and developments in the cryptocurrency industry.
• Mint Songs: A company that develops and manages the music industry, enhancing the interaction and relationship between artists and their fans.
• Candy: A digital asset content company that provides a platform for users to purchase, trade, and share sports-related non-fungible tokens (NFTs).
• Dapper Labs: A blockchain-based collectibles and NFT platform that enables customers to engage with brands and track ownership securely.
• Dibbs: A company specialising in the tokenisation of physical collectibles, providing a platform for brands and intellectual property holders to create and manage asset-backed NFTs.
• Big Time Studios: A company focused on developing free-to-play multiplayer action role-playing games.
• Sorare: A company operating at the intersection of digital collectibles and fantasy sports, offering a platform for users to collect, play, and win with officially licensed digital cards of athletes from various sports leagues.
• Sweet: A company in the digital collectibles industry, providing a platform for buying and selling officially licensed digital collectibles, connecting sports fans with top teams and leagues worldwide.
• Magicave: A UK-based company that creates digital toys and develops new hobbies, offering collectible digital items such as dice, figures, and tiles, with related games, hobbies, and communities.

Other alternatives to DappRadar include Smile Coin SDK, RankTracker, and Airtext, which offer various features for users interested in blockchain, cryptocurrency, and NFT-related services.

Frequently asked questions