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- 1 Hedera utilizes fast, fair, and secure hashgraph consensus.
- 2 SaucerSwap, SentX, and Pangolin Exchange are some of the DApps built on the Hedera network.
Hedera has a unique feature of grouping transactions called Hashgraph which claims to process more transactions, cheaply than existing blockchains. It has gained new users and partnerships.
This network is efficient and much faster than others. Since it uses the consensus algorithm which allows nodes to quickly reach the consensus of the network. In other blockchains, the transaction time is high with more energy consumption.
Some of the top DApps on the Hedera network are:
SaucerSwap
SaucerSwap is a full-fledged decentralized exchange (DEX). It is based on the automated market maker (AMM) protocol. This app leverages the Hedera Smart Contract Service (HSCS) and Hedera Token Service (HTS) to offer users the fastest, most affordable DeFi experience in Web3. It is powered by the most sustainable public network: Hedera Hashgraph.
It has a reputation for low fee framework and enterprise focus which promises exciting benefits to consumers worldwide.
The DApp Stats of 24 hours show 527 Unique Active Wallets, transactions of 2.87K, a volume of $462.98K, and a balance of $32.16M. The historical activity shows that on 28th August 2023, UAW was 524, transactions were 3.61K and volume was $729.65K. On 31 August 2023, UAW was 506, transactions were 2.83K, and volume was $800.82K. On September 2023, UAW was 521, transactions were 2.78K, and volume was $361.38K
SentX
SentX is a marketplace, launchpad, and explorer. It is built on the Hedera Hashgraph network. Increased user base and activity are seen on this platform. It has fulfilled the need for reliable infrastructure and tooling. It has main listings in Koala Klub, SauceInu, and Hedera Yacht Club.
The 24-hour DApp stats show that it has 83 UAW, transactions were 318, a volume of $263.8, and a balance of $9.54K. The seven-day historical activity shows that on August 28, 2023, UAW was 82, transactions were 333 and volume was $159.59. On August 30, 2023, UAW was 120, transactions were 593, and volume was $502.87. On September 3, 2023, UAW was 76, transactions were 280 and volume was $280.43
Pangolin Exchange
Pangolin Exchange is a decentralized community-driven exchange. It has fast settlement and low transaction fees. It offers easy swaps and a great experience for projects and traders.
The 24-hour DApp stats show that it has a UAW of 198, transactions of 542, a volume of $45.09K, and a balance of $1.06M. The historical activity shows that on August 29, 2023, UAW was 244, transactions 854, volume of $313.24K. On September 01, 2023, UAW was 219, transactions were 535, and volume was $74.24K. The September 3, 2023 data shows that it had UAW 183, transactions 462, and a volume of $32.8K.
Summary
The DApps of the Hedera network are beneficial because it is built on a fast and secure public ledger. The usage of these DApps is more due to speed and efficiency. They are more resistant to censorship and tampering. Hedera also provides a high level of security for the DApp users.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
