The Most Popular Dapps – How To Use Them?
Recently, there have been many decentralized blockchain applications without intermediaries. They are gaining popularity quite quickly due to their simplicity and variety.
Decentralized applications have a wide range of use cases: financial services, decentralized file storage platforms, and even games.
Uniswap is an Ethereum-based decentralized exchange (DEX) that allows users to exchange their ERC-20 tokens. Its exchange function provides liquidity independence from buyers and sellers.
To use Uniswap, you must first connect your cryptocurrency wallet. The exchange supports MetaMask wallets, Coinbase Wallet and WalletConnect service. Scanning a special QR code is the easiest way to connect a wallet. After that, you only need to select the required tokens for exchange. The exchange transaction fee is 0.3%.
PancakeSwap is actually built on top of the Uniswap source code. It does not work on the Ethereum blockchain, but on the Binance smart chain. In other words, instead of ERC-20 Ethereum tokens, you are trading BEP-20 Binance Smart Chain tokens.
PancakeSwap’s interface is as easy to use as Uniswap. You can exchange tokens quite simply. In addition, you can bet tokens in liquidity pools or participate in a lottery. The platform charges a fee of 0.2% per transaction.
The SushiSwap platform also runs on the Ethereum blockchain. It was created from the open source Uniswap code.
SushiSwap supports multiple networks including Ethereum, Binance Smart Chain, xDai, Harmony, and more. It is advisable not to confuse and connect the appropriate wallet to the desired chain. Swapping tokens or adding liquidity is just as easy. You need to select what you want from the list and confirm the transaction.
SushiSwap users pay a 0.3% commission when joining a liquidity pool, in addition to a one-time transaction fee when a new token pool is approved.
Aave’s decentralized platform allows users to lend, borrow and earn interest on the crypto assets. Tokens are issued to lenders so that they can collect the interest on deposits.
Aave supports MEW wallets, MetaMask, Coinbase Wallet, Trust Wallet, and Ledger hardware wallets. After connecting the wallet, you can easily deposit, withdraw and borrow assets. Unfortunately, the interface is more complex than previous Dapps.
Aave charges a 0.09% commission on term loans. You will also have to pay a commission for the transfer of assets.
Axie Infinity is a decentralized game where players can breed, raise, fight and trade all kinds of Axies creatures in the form of non-fungible tokens (NFT). They can be stored, transferred or sold at will.
To play, you need to download a Mac, Windows, iOS or Android app before connecting the wallet. Android will have to manually install the app, and the iOS beta is currently full. After registering to play, you will need at least three Axies.
At the time of writing, Axies has a minimum price tag of $110 per unit.
In the DeFi NFT metaverse called Alien Worlds, players can collect and trade NFTs that are minted on the WAX blockchain. Users compete for a resource called Trilium (TLM) needed to run the competing decentralized autonomous organizations (Planet DAOs).
Another blockchain game is Upland. In it, users can buy, sell and exchange virtual property. Digital assets can be purchased with both fiat and UPX coin.
Upland can be easily found and downloaded from the iOS store and Google Play Store.
The interface is similar to many mobile games.
Steemit is a blockchain-powered blogging and social media platform. It rewards STEEM users for publishing and creating content. Users can vote on posts and comments, which determines the level of reward.
The platform is similar to Reddit and should be understood by almost everyone. The layout is pretty simple and intuitive, with clearly labeled features.
The blockchain-based Audius music streaming service allows artists to create exclusive, permanent content. Based on the AUDIO token paid to artists, Audius allows fans to pay directly to artists to stream their music, without the intervention of third parties or intermediaries. Most of the musicians using Audius are newbies.
You can register via PC or smartphone. Uploading your tracks or listening to other artists is pretty easy too.