DApp is a factor that determines the value of cryptocurrency, as it is used for cryptocurrency!
If there are more uses of currency and more people use it, the value will increase accordingly😊
First of all, it is important to decide what kind of asset you want to use the DApp for and what its purpose is!
Choose a category according to the service you want.
When selecting a DApp, select one that fits the category based on the intended use!
DEFI (Decentralized Finance): Virtual assets support transaction services such as loans and insurance without a centralized platform and personal data sharing.
- Lending : A lending platform that allows lending and borrowing through liquidity provision
- Staking (deposit): The most popular defi that can earn interest through cryptocurrency deposits
- DEX: A token exchange-like platform
- Peer-to-peer(P2P) trading and prediction markets: betting on sports and economic outcomes, peer-to-peer trading platform
In addition, decentralized financial products such as decentralized investment, crowdfunding, insurance, and asset portfolios.
Furthermore, there is an arts and collectibles marketplace that handles NFTs, P2E games, and M2E Protocol that can use virtual assets through decentralized games!
And our Burrito Wallet, which manages all of this, is also a DApp. 🙂
For reference, when accessing these Dapp protocols, don't forget that you must connect your wallet, “Wallet Connect,” 😊 This part will be explained more in the ’How to use DApp’ section!