Expanding our capabilities to give users more
DappRadar has added tracking capabilities for total value locked (TVL) on DeFi dapps on both Moonriver and Moonbeam, while also adding NFT collections from both to our NFT rankings. This not only helps users gain a better understanding of the DeFi landscape on the two growing networks but also provides them insights into the performance of the hottest NFT collections.
Moonriver and Moonbeam are each independent layer-1 networks. New code ships to Moonriver first, where it is tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam. Dapp developers can deploy to either—or both—networks depending on which Relay Chain (Kusama or Polkadot) they wish to access.
The deeper integration of Moonriver and Moonbeam in the wider DappRadar ecosystem puts DeFi dapps and NFT collections into the spotlight. Now users can analyze TVL across seven blockchains, including Moonriver and Moonbeam. While users can track the performance of the most popular NFT collections on both chains.
DeFi TVL on Moonbeam and Moonriver
Total value locked, or TVL, refers to the dollar value of assets locked into the smart contracts of DeFi dapps on a network. A widely used metric that has come to represent the DeFi space’s growth over time. Across the two networks, DappRadar tracks 12 dapps on Moonriver and six on Moonbeam offering customers decentralized finance (DeFi) services. TVL reflects how much value is being poured into DeFi dapps and can also indicate their popularity and overall appeal. Within DeFi rankings, users can now analyze TVL, native tokens and explore Moonbeam and Moonriver DeFi dapps in more detail.
NFT collections to the Moonbeam
Although NFT collections are just getting started on Moonbeam and Moonriver, it is essential that DappRadar, as the world’s dapp store, conveys to users the latest trends from the hottest asset class. DappRadar tracks five NFT collections and one NFT marketplace on Moonbeam and three NFT collections and one marketplace on Moonriver. Users can now analyze NFT collections in more detail and use filters to see the top NFT sales on either network and the marketplaces they are available to trade.
DappRadar has grown tremendously over the last 24 months, from a site that tracked a handful of networks and their dapps to the World’s Dapp Store. We introduced the world to our RADAR token, a Portfolio Manager with expanding features, token swap, and explorer, but also in-depth NFT, DeFi, and TVL tracking. Furthermore, DappRadar offers industry-leading valuation tools and reports to help guide the community even further.
As we continue to build out the dapp store of the future, we ask the community to participate, contribute and build it with us.