Blockchain, Cryptocurrency

Top 10 Blockchain DApps for Finance industry

Here is a list of top 10 blockchain DApps for Finance industry:


Feature dApps

1.MakerDAO

1

Overview

The MakerDAO Collateralized Debt Position (CDP) is a smart contract that runs on the Ethereum blockchain. It is a core component of the Dai Stablecoin System the purpose of which is to create Dai in exchange for collateral which it then holds as custody (escrow) until the borrowed Dai is returned.

CDPs change the total supply of outstanding Dai, creating Dai when new assets are leveraged and destroying existing Dai when it is repaid to the party. This cycle of controlled accretion and spending allows the contract to account for the total supply of the stablecoin, thus confirming that the duty of the backing collateral can always guarantee the value of the in-circulation Dai.

The amount of collateral in a CDP is always defaulted to be significantly higher than the amount of the debt, so stability seekers who wish to use Dai as a predictable store of value can always be confident that 1 DAI is worth approximately 1 USD for their trade.

Website: https://cdp.makerdao.com/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 826

Transaction volume to DApp contracts: 25,003 ETH

Number of GitHub events that the project generates: 1,126

2.FriendsFingers

2

Overview

FriendsFingers is an open-source Decentralized Application (DApp) built on Smart Contracts running on Ethereum Blockchain. FriendsFingers helps startups and small businesses to start a stable crowdfunding ecosystem and issue an ERC20 token with no setup costs and no line of code required.

Website: https://www.friendsfingers.com/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 1,817

Transaction volume to DApp contracts: 0 ETH

Number of GitHub events that the project generates: 65

3.Fundition

3

Overview

Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and donation platform that brings backers, project founders and followers together. Crowdsales is nothing new, but Fundition has taken advantage of innovations in technology to bring project founders together with funding investors without the need of a middleman.

Website: https://purplepaper.fundition.io/?utm_source=StateOfTheDApps

Platform: Steem

Daily Active Users: 115

Transaction volume to DApp contracts: 0 STEEM

Number of GitHub events that the project generates: 0

4.Smartsteem

4

Overview

Smartsteem was launched in late 2017 as an investment and promotion-service for the Steem blockchain. Ever since the onset, the aim of Smartsteem was to not only make it easier for users and investors of all trade volumes to grow their investment on STEEM but also to do it in an ethical manner.

Website: https://smartsteem.com/?utm_source=StateOfTheDApps

Platform: Steem

Daily Active Users250

Transaction volume to DApp contracts: 55,111 STEEM

Number of GitHub events that the project generates: NA

5.MinnowBooster

5

Overview

MinnowBooster’s flagship product is a novel Steem Power Delegation Leasing Market, released in mid-2017 with the purpose of connecting delegators with users wanting to rent Steem Power. The app facilitates prepaid escrow and distributes funds to delegators in daily increments for the fulfillment of leases.

Website: https://minnowbooster.net/?utm_source=StateOfTheDApps

Platform: Steem

Daily Active Users: 116

Transaction volume to DApp contracts: 24,936 STEEM

Number of GitHub events that the project generates: NA

6.Bounties Network

6

Overview

The Bounties Network helps people organize dynamically around what needs to get done, by allowing people to put bounties on any task, paying in the token of their choice.

Website: https://bounties.network/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 28

Transaction volume to DApp contracts: 29 ETH

Number of GitHub events that the project generates: 295

7.PRA Candy Box

7

Overview

PRA Candybox is a dapp for EOS token distribution. The users can claim a token every 4 hours. The more EPRA token that is deposited, the shorter duration and more times accumulated you can grab tokens again. There is also a web version for Chrome users who have Scatter installed.

Website: https://chain.pro/web-prabox/#/home?utm_source=StateOfTheDApps

Platform: EOS

Daily Active Users: 6,342

Transaction volume to DApp contracts: 0 EOS

Number of GitHub events that the project generates: NA

8.Polymath

8

Overview

Polymath enables trillions of dollars of securities to migrate to the blockchain. Polymath guides issuers through a token launch. What Ethereum does for tokens, Polymath will do for securities.

Website: https://polymath.network/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 137

Transaction volume to DApp contracts: 0 ETH

Number of GitHub events that the project generates: 814

9.OmiseGO

9

Overview

OmiseGO enables financial inclusion and interoperability through the public, decentralized OMG network.

Website: https://omisego.network/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 295

Transaction volume to DApp contracts: 0 ETH

Number of GitHub events that the project generates: 2,053

10.VeADIR

10

Overview

VeADIR is an interactive, digital research driver that offers exposures to its core research subjects. The research takes advantage of the distributed ledger (blockchain) and smart contract technology in that it can be both dynamic and applied.

Website: https://veritaseum.com/?utm_source=StateOfTheDApps

Platform: Ethereum

Daily Active Users: 55 ETH

Transaction volume to DApp contracts: 0 ETH

Number of GitHub events that the project generates: NA

Conclusion

Dapps are decentralized applications that use the blockchain technology, to create a platform for developers. Dapps are generally built on the Ethereum protocol and are mostly a public ledger used to delegate transactions on decentralized or distributed networks.

The immutable nature of Dapps makes it attractive to a list of industries, deployable in web or mobile platforms. Dapps are used to embed smart contract networks, offering more versatility to the centralized system. There are many projects currently leveraging on Ethereum with the aim of building a new financial system.

The world is getting mesmerized by the potentials of everything that revolves around blockchain, among which is Dapps. The Ethereum based applications seek to change the financial sector, and stakeholders can’t wait to have the applications on their systems.

Decentralized blockchain applications are steadily getting traction and entering into all verticals like Games, Gambling, Social, High Risk, Exchanges among others. You should definitely keep an alert eye on these apps and use them for your convenience.

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