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- 1 Decentralized Applications (dApps) are digital applications running over the blockchain network consisting of smart contracts.
- 2 The running of the backend code on a decentralized peer-to-peer network makes DApps different from normal social media applications.
With the ongoing craze of cryptocurrencies, the market for dApps has boomed rapidly in recent years. DApps are software programs running over the blockchain instead of a single computer. The software simply combines the smart contract and the frontend users to generate an outstanding user experience.
Let’s take a look at some of the most popular and high-volume social media DApps.
MetaWin
MetaWin is a leading social media DApps in the crypto landscape running over the Ethereum blockchain. The platform offers huge crypto prizes, instant win games, and digital collectibles, adding a remarkable gaming experience. The DApps was launched on 16 May 2023 and holds a total volume of $1.16 Million, an increase of 6.811% in the past seven days. The application allows users to play different competitions, including mini-games, instant wins, and upcoming games. Also, individuals can see the list of winners. MetaWin holds a total balance of $424.54K with Unique Active Wallets (UAW) of 2K.
Friend.tech
Friend.tech is another DApp that created a strong and popular image in the crypto market within a few days of launch. The DApp was launched on 10 August 2023 and secured a strong position in the list of crypto-based social applications. Friend.tech simply allows users to tokenize their social network and is developed on Base, a crypto exchange Coinbase’s layer 2 network. From the day of launch, the DApp made around 26.7K transactions with a total volume of $420.58K and a total balance of $1.13 Million.
Meta Pool
Another popular name in the list is Meta Pool, a liquid staking solution running over different blockchains including Ethereum, Near, and Aurora. The DApp simply brings once stand-alone blockchain services under a single, interlinked platform, offering services like staking, trading voting, etc. Meta Pool holds around 67 UAW and completed total transactions of 1.23K within the past 7 days. Also, the total volume of the DApp in the past month is $1.85 Million with a balance of $346.5K.
Galxe
Galxe DApp is an innovative and leading Web3 credential data network worldwide offering a collaborative credential infrastructure. The DApp runs over a wide range of blockchains such as Ethereum, Polygon, BNB Chain, etc. The platform engages communities in Web3 using different digital assets, credential data, and NFTs. Within the past 30 days, the DApp holds 825.66K UAW with a total transaction of 4.89 Million and a total volume of $207.58K.
XCAD Network
Another DApp to explore 2023 with high volume is XCAD Network, introduced in 2021. The network is a platform utilizing the value of the content creator audience through tokenization. XCAD Network simply rewards users for watching content directly and includes two areas that are the play area and the fan token area. In the past 30 days, the DApp holds around 6.57K UAW and completed total transactions of 146.88K. Also, the total volume of XCAD Network is $1.5 Million, an increase of 120% in the past 30 days.
Conclusion
Galxe, Friend.tech, XCAD Network, MetaWin, and Meta Pool are some popular DApps in the crypto landscape holding high volume.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
