The Ethereum blockchain currently leads the pack as the best blockchain to build a DApp.
Here is a look at some of the best DApps built on Ethereum.
It serves as an automated market maker (AMM) for swapping ERC20 tokens.
This is done via a collection of smart contracts that determine the creation ofliquidity poolsand asset swapping.
Uniswap is one of the world’s most popular and largest crypto exchanges.
The platform boasts over $1.2 trillion in trade volume since its inception.
This is where OpenSea comes in, one of the largest decentralized NFT marketplaces.
Users can easily buy, sell, andmint NFTson OpenSea by connecting their web3 crypto wallet.
The platform also supports multiple blockchains and the biggest digital collectibles.
OpenSea has more than 1.5 million active users and supports up to 150 different cryptocurrencies.
3.MakerDAO
MakerDAO is adecentralized lendingplatform where users can lend and borrow different types of cryptocurrencies.
The MakerDAO protocol uses smart contracts to manage borrowing and lending.
The platform allows users to lock in cryptocurrencies as collateral and receive DAI tokens in return.
With the anonymous nature of blockchain technology, MakerDAO uses liquidation to ensure loan payment and recovery.
4.MetaMask
MetaMask is an extension that can be used to access DApps via a internet tool.
MetaMask brands itself as “a crypto wallet and gateway to blockchain apps.”
It is one of the most widely usedcrypto walletsand serves as an easy entry into blockchain apps and assets.
Users can create and manage their own wallets.
It can also be downloaded as a free mobile app on iOS or Android.
5.Axie Infinity
Gaming DApps with NFTs and crypto collectibles embedded in them have exploded in popularity.
Both tokens can be earned by performing different activities within the game.
Axie Infinity (AXS) is also tradeable on major exchanges, which makes it unique.
Axie runs on Ethereum with the help of Ronin, a sidechain that minimizes fees and transaction delays.
Users can access Compound’s features by connecting their wallets.
Supported wallets include MetaMask, Ledger, and Wallet Connect.
Using an automated matching protocol, Compound matches lenders to borrowers.
COMP is an ERC20 token that serves as Compound’s native currency and its governance token.
As a result, COMP holders can participate in governance activities that determine Compound’s future development.
Compound’s protocol can also be integrated with other compatible DeFi platforms.
7.Wormhole
Wormhole gives crypto holders the best of blockchain worlds.
It acts as a bridge between several blockchains for the efficient movement of digital assets seamlessly across blockchains.
Wormhole solves the difficulty of moving tokens across blockchains and interoperability between chains.
In addition, Wormhole supports a range of DApps built on it and cross-bridging for NFTs.
This has already seen some great DApps built, and there will likely be many more to come.
Overall, Ethereum has had great success in developing a solid platform for DApps to accomplish their goals.
