DappRadar’s price is up over 33.90% today, making it the biggest gainer on Crypto.com. As one of the most popular Dapp tracking platforms, the cryptocurrency boasts $5.9 million in 24-hour trading volume. Let’s look at DappRadar and see why its price is rising so much.
What Is DappRadar?
As the name suggests, DappRadar is a decentralized application tracking platform founded in 2018. It tracks various chains and a host of categories for dApps. Anyone can explore the dApp ecosystem and sort by Balance, Users, and Volume.
The Balance refers to the total amount of cryptocurrency in the dApps smart contracts. The Users refer to the number of wallets that interacted with a specific dApp. The Volume refers to the transaction amount for a particular dApp.
There are roughly a dozen categories available to choose from when it comes to dApps, including Games, DeFi, Gambling, Exchanges, Collectibles, Marketplaces, Social, and more.
Why Is DappRadar’s Price Rising?
In recent news, DappRadar announced plans for a dApp store business offering. According to the official announcement:
“DappRadar, The World’s Dapp Store, has revealed its plans to extend its B2C dApp store offering to business partners, building on its existing decentralized applications data and analytics B2B product and long-standing partnerships with the dApp industry’s premier brands.”
With the recent announcement, DappRadar intends to provide businesses looking to integrate Dapp capabilities with a complete, out-of-the-box Dapp store infrastructure.
At the time of writing, DappRadar’s token RADAR is trading at $0.048, up over 33% in the past 24 hours. Its fully diluted market cap is $484 million, with a 24-hour trading volume of $5.9 million.
You can purchase RADAR on Huobi Global, Sushiswap, MEXC, Uniswap, BKEX, and more.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.
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