The ideation and concept of decentralization have been around for quite some time, but it has recently become popular after the creation of the first cryptocurrency. Bitcoin is the perfect example to explore the possibilities that decentralization can bring to the finance industry. Even though decentralized apps are a relatively new technology, it is making great strides in the investor community. DApps run on a peer-to-peer or blockchain network. So, no single company or individual has control over it, instead, it is community-driven. Several platforms are available to deploy decentralized applications. In this article, we have listed the top most popular decentralized apps that the crypto industry has to offer.
PancakeSwap is one of the most popular decentralized cryptocurrency exchanges on the Binance Smart Chain. But it also provides the most popular dApp in cryptocurrency. PancakeSwap charges significantly lower transaction fees in crypto and offers several other facilities.
MakerDAO is a decentralized crypto-lending platform with its personal digital currency called the DAI. It enables the users to lend and borrow cryptos using its decentralized application without any third-party interference. Most investors are attracted to this app due to its stablecoin currency Dai.
Golem is a decentralized application that focuses on establishing a worldwide network for idle computer power. The idea behind this app was to collaborate the powers of PCs and data centers and create a supercomputer that can be accessed by anybody in the world.
It is one of the top decentralized applications that enable supply chain traceability for electric cars and other electronic products. It is a track-and-trace platform that allows the users to safeguard deliveries, manage payments, and check the origin of the raw materials, to name a few.
Uniswap is a top decentralized exchange on the Ethereum platform. It is one of the highest integrated platforms with more than 300 applications on its ecosystem. As a leader in DeFi, experts believe that it will lead the initiative in the future for DEXs.
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