This week GarudaSwap, ToppsMLB, ParaSwap and more
At DappRadar we currently track 17 blockchains and over 5,000 decentralized applications (dapps). Popular dapp categories include DeFi, NFTs and collectibles, marketplaces, gambling, and games. Leading blockchains in terms of usage are Ethereum, Binance Smart Chain, Polygon, Flow, and Wax.
These dapps are a gateway to blockchain technology in their most hands-on form and open up opportunities for financial independence, provable digital ownership, investment, and gaming. On a weekly basis, we receive hundreds of submissions and analyze these dapps for interesting projects that are exciting to our readers.
Baseball card NFTs on WAX
Topps and Wax debuted the Major League Baseball (MLB) Series 1 NFT collection on the Wax blockchain on April 20th. The iconic Major League Baseball brand teamed up with the Wax blockchain to deliver another brand-affiliated NFT collection.
DeFi on Binance Smart Chain
GarudaSwap is a new decentralized exchange, and yield farming project on Binance Smart Chain, which has surged to impressive levels just days after its official launch. Within days the platform reached $23 million in TVL. Unlike other farms, in GarudaSwap each transfer of GARUDA must pay an 8% transfer tax. Approximately 90% of the transfer tax gets added back to the liquidity pool through the contract automatically to raise the GARUDA price continuously.
ParaSwap has seen a huge surge in transaction volume recently. This has propelled the new finance app to 17th position in the DappRadar overall dapp rankings at the time of writing. Interestingly the token exchange launched on Ethereum back in December 2020, arrived on Polygon in the second week of April 2021 and has very recently launched on BSC. The user experience and general design of ParaSwap come as a breath of fresh air as most token swap platforms look and feel similar to the leading token swap platform Uniswap. One other key difference to other token exchanges is the visibility of the token’s historical value and the order routing. Again, not revolutionary features but executed nicely.
NFT Collectibles on Tron
Just like Ethereum had CryptoPunks as their first digital collectible NFTs, now the Tron blockchain has Tpunks. For 1,000 TRX or around $120, users can mint one of the first NFTs on Tron. Tpunks are TRC721 tokens, the newly implemented token standard for NFTs on the Tron blockchain. They’ve issued 10,000 Tpunks, similar to the original CryptoPunks. There are 9 aliens, 24 apes, 88 zombies, and 11 Justins among them. Yes, at least Tpunks adds a bit of their own Sun sauce to the mix.
DeFi on Binance Smart Chain
Wault Finance stands out in the crowded DeFi space right now as an all-in-one hub for primary DeFi solutions on Binance Smart Chain. The platform connects all many defi features into one including for example vaults, staking, yield farming, token swaps, and more. The WAULT / BNB liquidity pool is where most of the rewards lie. That said, there is a lot to be earned in the WAULT Staking Pools as well.
NFT Boss Battles
DeFi meets NFTs on Binance
NFT Boss Battles is a browser-based game in which players can work together. They collect unique heroes while fighting battles against monsters together. Every hero represents an NFT that can be bought or sold for BNB. The ultimate aim is to gather rare and powerful heroes, upgrade them to make them stronger, and fight the toughest battles. The creators of Litebringer and Tibia have now brought Boss Battles to Binance Smart Chain, combining NFTs and gaming with elements of DeFi with play-to-earn mechanics.
Simple DeFi Staking on Binance
Solo Top is a simplified DeFi application designed for single asset staking and reward mining on Binance Smart Chain. The dapp has been gathering attention due to its Chinese localisation and slick design.In essence, Solo Top offers users the ability to stake one token to earn that same token. For example, stake CAKE and earn CAKE rewards.