With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume across all decentralized exchanges rising from under $40 million back in December 2019 to a whopping more than $26 billion within a span of just nine months.
However, it’s important to understand the core concepts underlying decentralized finance, or DeFi, and decentralized applications, or DApps, as many routinely use the two terms interchangeably. For starters, while both innovations share many similarities — such as using blockchain technology, eliminating third-party intermediaries, and providing users with complete control over their finances — there are a few key differences that are worth pointing out.
Why DApps, you ask?
Uniswap
InterPlanetary Search Engine
CryptoKitties
Rarible
Axie Infinity
Steemit
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