DappRadar Unveils Own DeFi Ecosystem, $RADAR Token Launch Imminent 

DappRadar has announced that it is repositioning its platform to become a full-scale decentralized application (dApps)  and DeFi store. Via the new DappRadar Dapp Store, users can now discover, track and trade all-things decentralized finance, NFTs, and gaming. The team has also revealed plans to roll out its native crypto dubbed $RADAR shortly.

DappRadar Launches Dapp Store

DappRadar, the leading decentralized applications data aggregator and analytics platform, is transforming itself into a full-scale dApp store, making it a one-stop-shop for all things decentralized finance, NFTs, and blockchain gaming.

The Lithuania-based firm revealed plans for its Dapp Store launch during an event in Somnium Space on November 25. In addition to launching its Dapp Store, DappRadar is also putting preparation in top gear to roll out its native cryptocurrency dubbed $RADAR, which will function as the governance and utility token of its new DeFi ecosystem.

Commenting on the launch of the DappRadar Dapp Store and $RADAR token creation, Skirmantas Januskas, co-founder and CEO of DappRadar said:

“We built DappRadar around decentralized apps. Decentralization stands at the very core of our success and it’s only right to take it to the next level – true decentralization of DappRadar. Bringing the community closer is the only way to keep ahead of the curve and remain successful in the years to come.”

$RADAR Token Launch Imminent

DappRadar says it has experienced exponential growth since its launch in 2018, becoming the preferred dApp discovery and analytics platform for its more than four million unique users across the globe. 

At its core, DappRadar tracks and offers its users in-depth analysis of more than 8,300 dApps across 27 blockchain networks, plus its proprietary portfolio management suite, enabling its users to seamlessly explore and track applications and digital assets and take advantage of market movements through token swaps and NFT trading.

“DappRadar was born with the objective of offering accessible information and tools for those who believe in blockchain and in a decentralized world. In an environment that grows exponentially every day, discovering new dApps and filtering which ones can be useful might be confusing and risky for users, especially when this involves trading and investing,” wrote the team, adding “With its accurate data analysis, DappRadar facilitates users managing their portfolios and helps them to track dApps in terms of transaction activity, token volume, and active users, giving them the information they need to identify the most valuable dApps.”

With the introduction of the RADAR token, DappRadar aims to become a fully decentralized, and community-curated platform where key governance and decision-making activities will be undertaken by holders of the token. 

The DappRadar team has hinted that holders of its native RADAR token will be rewarded for their contribution and involvement in its ecosystem, and further details concerning the token launch will be released shortly.