There are thousands of decentralized applications (dApps) running on the Ethereum blockchain. Therefore, to put it lightly, somewhat arbitrary. The top 5 "blue-chip" protocols on the Ethereum blockchain as of 2022 are listed below.
So what items did we decide should be on our list? Let's examine the most prominent projects on Ethereum at the moment.
Market maker Curve Finance is an automatic market maker (AMM). It differs fundamentally from other DEXs in that it values stability over volatility and unpredictability. In other words, Curve Finance is a fantastic way to earn a consistent and stable yield on your safe bets. (Yanno, where do degens make the majority of their money?) If you want to say goodbye to your bank, you can use Curve as a DeFi savings account.
The company, Curve Finance, is unique. It also has the lowest rates of slippage and momentary loss, as well as the lowest transaction fees. And how does Curve accomplish these feats? Why? by arranging liquidity pools around assets that behave similarly (for example, stablecoins and BTC, as well as wrapped BTC).
Last year, the Sandbox made the news. Land purchases in the Sandbox have rocketed. But what is it exactly? Think of the Sandbox as Minecraft for the metaverse. In terms of design and usefulness, that is.
If Snoop Dogg and Adidas like it, it's worth a look even though it's not for everyone. The ability to design your own games and charge players to play them on your property is what makes the Sandbox so intriguing. In addition, if you own land, you can exhibit your NFT collection. (Nice NFTy!)
Decentraland is not as much of a game as Sandbox. Although you can purchase land in the Sandbox, Decentraland is even more of a form of virtual real estate.
The options are endless in Decentraland: you can hang out with your friends, go to popular spots, literally go shopping, gamble in a casino, buy land and rent it out as advertising space to your favourite businesses.
On Decentraland, numerous well-known corporations are buying land and erecting buildings. Examples of these include Barbados and the Bored Ape Yacht Club (BAYC), which recently signed a lease agreement to develop an imaginary embassy on a piece of land.
MANA is Decentraland's native coin that also serves as the governance token.
Brave is a relatively new and quickly expanding web browser. The Brave browser differs in that it allows users to view advertisements. (Or not.). You will be compensated in Basic Attention Tokens (BAT) if you choose to view them. They're not worth much at the moment, but it's better than Facebook collecting that money, right?
Even though Brave has gained considerable popularity, BAT's price increase has been disappointing (when compared to other major gainers, of course!). However, it hasn't prevented Brave from awesomely integrating a crypto wallet into its browser. And according to our forecast, Brave will take off in 2022.
Last year, the market for non-fungible tokens (NFTs) as an alternative asset class exploded. On the other hand, OpenSea has been in development since December 2017. In terms of trading volume, it is the first and biggest secondary market for NFTs on Ethereum. It's important to note that, in contrast to other ERC-20 tokens, NFTs follow the ERC-721 standard (Magic Eden, the Solana NFT marketplace, recently surpassed it).
Recently, OpenSea created a Decentralized Autonomous Organization (DAO) for itself. Additionally, SOS or RARE token airdrops were open to users who made an NFT purchase on the platform. The sum was proportional to the number of gas fees paid to acquire the NFTs.
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