DappRadar is practicing what they preach to deliver on its ambitious plans.
When products drive token growth – it’s a great signal
DappRadar’s RADAR token saw impressive gains last week as general crypto markets sank further into depression. The upward shift came off the back of several product updates and announcements that eluded further to the utility of RADAR as the token that will scale DappRadar, now The World’s Dapp Store.
BTC has fallen 3.1% in the last seven days while maintaining a position just above $20,000. At the same time, ETH seems to be finding support at around $1000 but has also declined by about 1%. On the flip side, RADAR has been up almost 150% in the last week.
Some analysis has wrongly suggested and theorized that RADAR’s price correlates to the success or failings of dapps tracked on DappRadar. I.e., the number of active users for leading dapps goes up or down, impacting the RADAR price. While our dapp rankings form the heart of the business, their performance is not directly tied to RADAR.
The data below represents each Web3 application on a blockchain and how many users it attracted in a timeframe. If anything, the token price of the dapps in the list below would pump due to a good performance. Not RADAR.
So what’s driving RADAR then?
What’s driving the price of RADAR is a continuous and exciting product and token listing updates from a leading company with a desire to be the World’s Dapp Store. A mission we outlined at the end of 2021 and have now added more concrete elements to, which signaled to investors and the broader audience that DappRadar means business.
Moreover, to see the price of RADAR increase so rapidly during such downtimes means that DappRadar is practicing what they preach to deliver on its ambitious plans.
“No matter where this pump is coming from, whether it’s the Layer3 announcement, the upcoming cross-chain staking, mobile application or BNB Chain launch, or something else entirely. The bigger picture is that many people heard about RADAR for the first time, and we gained 400+ more stars on leading token tracking site Coingecko. This is all very positive, especially in a bear market.“ says Skirmantas Januskas, CEO at DappRadar.
Furthermore, DappRadar has always maintained a transparent and community-driven culture. We recognize that the DappRadar platform will grow at the scale we want be including and working with our community and through not operating in a silo.
What is DappRadar building?
On Monday, June 20, DappRadar had its third Community Call. The team gave updates on cross-chain RADAR staking, Contribute-to-Earn, the new single dapp page, updated rankings table, and upcoming gamification features. Below are the highlights of that call and all the juicy announcements driving the price of RADAR.
DappRadar Community Call #3 highlights
- 3:04 – CEO Skirmantas Januškas talks about DappRadar’s continued growth. DappRadar is still growing and hiring. Cross-chain RADAR staking is expected during the week beginning June 27th.
- 7:24 – CDO Dragos Dunica discusses Contribute-to-Earn, through which DappRadar users can earn RADAR tokens for contributing to the community. Go to Layer 3 to create an account in time to start earning.
- 12:25 – Head of Product Nick Rennie offers insights into the new mobile app launching on iOS. DappRadar PRO members can sign up and be the first to access the app. Updates coming for the single dapp page, rankings, and some secret new features that will be revealed soon.
- 17:53 – Head of Content Robert Hoogendoorn tells us that DappRadar is currently at NFT.NYC and that our content is now available on Instagram and TikTok. We have podcasts, AMA, and community calls on Spotify and YouTube. PRO users also now receive extra DappRadar Signals via the Discord channel.
- 21:48 – Nick Rennie gives some more information on upcoming gamification elements on DappRadar. The first season will launch towards the end of Q3.
To listen to the entire call, check out the video below.
