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What does DappRadar do?

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DappRadar

Your most trusted source for dapp data.

DappRadar is a data acquisition and analysis company that tracks over 2,900 decentralized applications (dapps) across multiple blockchains including Ethereum, Tron, EOS and lately WAX, ranking them by various metrics. Specifically, DappRadar fuses the fragmented dapp ecosystem and brings increased trust, transparency and discovery. 

By and large, the platform acts as a distribution funnel through which dapp users, investors, and newbies can easily access actionable market data and make informed decisions. Likewise, dapp developers can utilize the platform and use it to reach new users.

A Trusted Source of Dapp Data

Their overarching objective is to become a trusted source of dapp data for developers, investors and the wider blockchain community. Blockchain as an emerging and disruptive technology forced changes that triggered a tech evolution. Similarly, in the dapp sector, the platform seeks to collect data of all relevant smart contracting platforms and relay useful data to curious users ready to use the platform. 

For this precise reason, DappRadar continues to offer support for new dapp development platforms as they become relevant. 

Distinctively, DappRadar doesn’t make recommendations but instead is working diligently to become a trusted platform from where people can gather dapp market intelligence. It was built to solve a problem. 

Understandably so, the space is barely two years and with dapps sprouting from all corners, DappRadar’s goal is to bring information people need onto one platform while simultaneously weeding out inactive dapps, furnished with fake data or with irrelevant activity so that users could confidently gather actionable market intelligence.

To achieve this, DappRadar tracks dapp performance based on volumes, daily active users, and transaction activity. This way, on a single glance, a user can know the trends in the burgeoning and widely misunderstood dapp ecosystem.

Dapp Rankings as shown on DappRadar

Support from Venture Capital Firms

Unlike competitors, DappRadar provides informative insights of each supported ecosystem and the performance of each dapp. To check the performance of a dapp, all a user has to do is click on the dapp and he/she will access its objective lifetime information including volume graphs and more. 

For smooth operations and to actualize the goals of the founder, Skirmantas Januskas, DappRadar raised $2.3 million from two seed rounds. They concluded the latest round. Their latest investors included Blockchain Ventures and Angel Invest, Berlin. 

However, Netherlands-based Prosus (formally Naspers) was the first to identify their potential. The funds will be used for research and development and to add new services.

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