DappRadar repositioning to full-scale dApp store

DappRadar, the leading platform for dApp (decentralized application) analysis and discovery, announced it was repositioning to a full-scale dApp store at an event in Somnium Space yesterday. They are also launching their native RADAR token to facilitate future decentralization of the business, Access Wire reported.

4M active users worldwide

DappRadar, to be known as The World’s Dapp Store, has 4 million unique users annually, its own portfolio management suite, and over 8,300 dApps across 27 protocols. It offers dApp users a comprehensive experience, making it possible to explore and track assets and applications seamlessly as well as to react to market movements via NFT trading and token swap capabilities.

Native token helps create self-sufficient ecosystem

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The RADAR token will enable DappRadar to achieve self-sufficiency of its ecosystem within the greater Web3 infrastructure, building the future of decentralization. It offers the potential of greater governance within the ecosystem, which will be based on publicly available statistics and transparency.

Making multichain dApps easy to discover

The initiative aims to make multichain dApps easy to discover by focusing on actionable insight while allowing the dApp store to scale at the same time. RADAR holders will receive rewards for their involvement and contribution to the DappRadar ecosystem.

Easier portfolio management  

Thanks to DappRadar’s accurate data analysis, it will be easier for users to manage their portfolios and track dApps in terms of token volume, transaction activity, and activity. This will let them access the information they need to find the most valuable dApps. Users will become the core of the DappRadar platform after RADAR is launched.

Skirmantas Januškas, cofounder and CEO of DappRadar, commented:

We built DappRadar around decentralized apps. Decentralization stands at the very core of our success and it’s only right to take it to the next level – true decentralization of DappRadar. Bringing the community closer is the only way to keep ahead of the curve and remain successful in the years to come.

About DappRadar

DappRadar enables users to analyze, track, and discover over 8,000 decentralized applications across 20+ blockchains. The platform was founded in 2018 and has served the ecosystem as it found its fit into the world through the evolution of DeFi, NFTs and GameFi.