DappRadar announced integration with Fantom

DappRadar announced this Wednesday, February 2, through its Twitter account, its new integration with Fantom. According to the company, users can analyze which #dapps attract the most volume, unique user wallets, or process the most transactions.

Image about DappRadar’s Twitter post

“DappRadar is pleased to announce the integration of the Fantom blockchain and its dapp ecosystem. Users can analyze which dapps attract the most trading volume, unique user wallets, or process the most transactions through Fantom’s rankings. In this way, everyone can get information about which dapps and tokens create strong communities and value in Fantom”, he said through an article published on his website.

The company explained that like other Ethereum alternatives, Fantom intends to provide more scalability and lower costs than the current 1.0 configuration of Ethereum. Fantom’s infrastructure is tied together through its Asynchronous Byzantine Fault Tolerant Proof-of-Stake consensus mechanism, which maintains the operational efficiency of the entire network. In addition, the Fantom network structure is designed to preserve network security and maximize speed.

Also read: Perpetual Protocol presented Silo Finance

Fantom: Built for DeFi

In his judgment, Fantom currently has $9.26 billion in total value locked, giving it about 5% of the total value locked in DeFi. An impressive figure considering that Fantom only launched its mainnet right at the end of 2019. Having reached roughly the same point as BSC, Fantom quickly built a strong user base and increased the value locked on its network. Further exposure of their dapps through DappRadar, The World’s Dapp Store, will further increase awareness of Fantom dapps.

At launch, DappRadar will track 94 dapps within the Fantom ecosystem, with the vast majority catering to DeFi and finance dapp users.

“However, there are a growing number of dapps in the gaming, collectible, and marketplace categories on Fantom. The NFTKEY Marketplace stands out as it is among the top five dapps on Fantom right now. SpookySwap is the undisputed leader, accounting for almost 20% of Fantom’s total TVL with close to 90,000 users connecting their wallets to the DeFi dapp in the last 7 days”, he added.

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