The decentralized applications space is still in its early stages and faces unique challenges compared to centralized mobile app stores. The lack of a centralized authority for curation and distribution can make it difficult for users to discover relevant and high-quality dapps. Above all, user safety is not guaranteed thanks to social media scams, fake websites and false smart contracts. On the other hand, dapp developers struggle to attract new users and grow their user base due to the lack of marketing channels and high competition.
Discoverability, user safety and unique data
DappRadar addresses these challenges by providing a platform for discovering and tracking decentralized applications across multiple blockchains. Through DappRadar, users can easily browse and filter through thousands of dapps based on different categories and metrics. The platform and community curation make sure that provided information is correct, creating a safer environment to discover dapps. Dapp developers can also leverage DappRadar's analytics to track user engagement and optimize their dapps for better performance and user acquisition.
As the decentralized applications space continues to grow and evolve, DappRadar will play a crucial role in facilitating the discovery and adoption of new and innovative dapps for users worldwide.
Traditional tech behemoth not ready yet
The centralized control of mobile app stores by tech behemoths such as Apple and Google poses challenges for the Web3 industry. These challenges include limited access to the mobile market, high commissions, and restrictions on Web3 services. The recent court case between Epic Games and Apple is an example of the tension that can arise between app developers and app store gatekeepers.
While the Google Play Store is more open towards dapps, there are still limitations, and Steam also restricts blockchain-powered games. Facebook's closed interpretation of the metaverse highlights that the big tech companies don’t fully align with the Web3 ethos.
The EU's move to force Apple to allow third-party app stores on their devices could potentially open up the market, leading to more stores, more services, and more competition. This could ultimately benefit the dapp industry, and DappRadar is monitoring these developments closely.
Data & metrics become more important
With the increasing growth of Web3 and the multichain future, the amount of data in the blockchain industry will grow tremendously, which will make it challenging to determine what type of data is useful for what audience. As a result, DappRadar and its community will need to develop tailored solutions for product categories, blockchain ecosystems, and individual projects. The goal will be to introduce new metrics, analyze the wishes of the community, and work together to make the expanding complexity of blockchain data more understandable.
As the Web3 ecosystem grows and becomes more complex, the challenge of making sense of all the data will become increasingly important. One-size-fits-all metrics won't be enough to help users and developers make informed decisions about which dapps to use and invest in. Tailored solutions that take into account the unique characteristics of each dapp and blockchain ecosystem will be crucial. DappRadar has an important role to play in this by continuously evolving its metrics and working closely with the community to understand their needs and priorities.
Increased complexity for user acquisition
User acquisition in the Web3 space can be more complex compared to traditional digital distribution due to the challenges in user experience and availability of dapps. Niche marketing campaigns targeting smaller audiences are often used, but scaling these efforts to attract mass audiences can be difficult and expensive. Additionally, the prevalence of scams on social media platforms and the lack of trustworthy dapp distribution platforms can make navigating Web3 a risky endeavor for users.
DappRadar addresses these challenges by providing a trusted platform for users to discover and explore decentralized applications. By curating and verifying dapps on various blockchains, DappRadar helps users find reliable and safe dapps to use, which can ultimately aid in user acquisition for dapp developers.