Ethereum-based Applications: Top 10 to Explore in 2024

Ethereum continues to be a powerhouse in the blockchain space, and as we move through 2024, it's clear that the ecosystem is thriving more than ever. As we move into 2024, it’s safe to say that the ecosystem is flourishing like never before. With bunches of applications built on its platform, Ethereum provides a variety of solutions for different industries. Here we will explore the top 10 Ethereum applications:

1.     Uniswap

The original decentralized exchange (DEX) protocol, Uniswap (UNI) released v3 a few months ago. And with it, it heralded several notable improvements. And with v3 came several improvements. The biggest improvement for v3 is the addition of concentrated liquidity, which is a new form of liquidity where liquidity providers can set the conditions under which they would receive fees. (In essence, it essentially means setting price ranges). V3 was also released on the optimistic Ethereum network. Optimistic rollups is a layer 2 scaling solution which is much better than Ethereum’s protocol Layer 1. One of the major benefits includes reduced slippage and high gas fees, as well as near-instant transaction speeds. It is one of the top 10 Ethereum applications.

2.     MakerDAO

The popular stablecoin, Dai, was created by MakerDAO. A stablecoin, also known as a stablecoin, is a cryptocurrency whose value does not fluctuate over a certain period. The main advantage of a stablecoin is that it has a pegging system. This allows users to borrow money without worrying about getting liquidated because of price fluctuations in the cryptocurrency market. It is one of the top 10 Ethereum applications.

3.     Aave

Aave is a decentralized lending protocol that was first released as ETHlend in 2017 through an Initial Coin Offering (ICO). What sets Aave apart is that it charges interest based on the usage rate of the pool. On the lender’s side, Aave’s high-interest rate is incentivized by the low liquidity of the pool, incentivizing ETH holders to contribute liquidity. It’s a straightforward, elegant, and brilliant solution.

4.     1inch

1inch is an aggregator for crypto exchanges. In other words, dApp looks at DEXs and finds the lowest price for any particular cryptocurrency. This provides traders with many cheap entry points and helps them avoid problems such as slippage. It is one of the top 10 Ethereum applications.

5.     The Sandbox

While the Sandbox isn’t for everyone, it’s certainly not for everyone’s taste. It’s a game that’s good enough to hook Snoop Doggs and Adidas, though and is one of the applications of Ethereum. What’s really great about it, though, is that you’re able to create your own games and charge others to play them on your land. If you have any land, you’ll also be able to display your collection of NFTs.

6.     Chainlink

Chainlink is Ethereum’s first and most popular oracle. An oracle, on the other hand, is a data stream that transmits off-chain data to a blockchain and vice-versa. Oracles enable powerful protocols such as prediction markets.

7.     Brave

Brave is one of the fastest-growing web browsers. What sets it apart from the rest is that it allows its users to view advertisements. Even though Brave has gained a lot of traction, BAT’s price hasn’t budged much so far.

8.     Zora

Zora is a Non-Fungible Token (NFT) marketplace. It was founded in 2020 and is a Layer 2 on the Ethereum blockchain. Zora has a lot of great features. For example, there is a no-code Creator tool kit that makes it easy to create collections and post them for anyone to mint. The Zora chain does not yet have a token. Being active on Zora and minting regularly may help you qualify for Zora’s airdrop. You may also be able to mint on Zora, or other NFT markets that can be found on the Zora blockchain. For example, you can mint on the mint dot fun NFT marketplace. Zora also has a referral program. When you bring in creators to Zora, you’ll receive 0.000111ETH per mint. This can add up to a pretty interesting amount of ETH.

9.     Brian

Brian has a unique feature that sets him apart. He provides prompts in English, and there are three different bots you can deploy: a Telegram bot, an X bot, and a website bot. The project has already launched a token, BRAIN. Brain is based on BRAIN, which is a blockchain-based AI token. Brain’s website is named “Brainai.tech,” and it claims to be the world’s first blockchain AI software-as-a-service (SaaS). In addition to contextual chat, Brian is currently only available in a mobile version. There are also plans for staking, and the minting of NFTs.

10.  Warpcast

It provides many Web3 features, but it also allows you to port your followers to other apps. This is a unique feature. Everywhere you go on the Ethereum network, you see familiar faces like this. It's like having your hood on Ethereum! It's a decentralized application that wants to return data ownership to its users, and that's you. The team behind this app is made up of former Coinbase staff, and they have a Web3 and crypto background.

These apps are just the beginning of what Ethereum has to offer. They demonstrate the range and innovation of the Ethereum ecosystem, from decentralized file exchange (DeFi) to the metaverse and beyond. As Ethereum progresses, these apps will continue to grow and evolve, providing even more features and capabilities.