DappRadar added tracking capabilities for total value locked (TVL) on DeFi dapps on Hedera and NFT collections to our NFT rankings page. This helps users gain a better understanding of the DeFi landscape on the Hedera Network and provides them insights into the performance of the hottest NFT collections on Hedera.
Hedera is not a typical network and it’s not technically a blockchain. It’s easiest to imagine it as a moving graph, whereby the speed of transactions goes up as more transactions are added to the network.
This technology helps Hedera to achieve more than 100,000 transactions per second, making it a true competitor to Visa and other mass-market payment systems. The Hedera Network currently performs 6.5 million transactions per day with an average transaction time of 5 seconds.
The deeper integration of Hedera dapps in the broader DappRadar ecosystem puts DeFi dapps and NFT collections into the spotlight. Now users can analyze TVL across thirteen blockchains, including Hedera, Ethereum, Polygon, and BNB Chain. At the same time, NFT admirers can track the performance of the most popular NFT collections on Hedera using the DappRadar NFT Rankings.
Hedera DeFi TVL on DappRadar
Total value locked, or TVL refers to the dollar value of assets locked into the smart contracts of DeFi dapps on a network. A widely used metric that has come to represent the DeFi space’s growth over time.
DappRadar currently tracks one dapp on Hedera offering customers decentralized finance (DeFi) services. TVL reflects how much value is being poured into DeFi dapps and can also indicate their popularity and overall appeal. Within DeFi rankings, users can now analyze TVL, and native tokens and explore and analyze Hedera DeFi in more detail.
Hedera NFT Collections on DappRadar
The NFT ecosystem on Hedera is starting to mature and show the signs of a solid community. It is essential that DappRadar, as the world’s dapp store, conveys to users the latest trends from the hottest asset class. DappRadar currently tracks four NFT collections and two NFT marketplaces on Hedera.
Its leading marketplace is called the Zuse Market and has accumulated more than $1.4 million in all-time sales volume, while Hash Axis is quickly gaining ground. Users can now analyze NFT collections in more detail and use filters to see the top NFT sales on the network and the marketplaces they are available to trade.
Expanding capabilities
DappRadar has expanded its tracking capabilities immensely over the last 24 months, from a site that tracked a handful of networks and their dapps to the World’s Dapp Store. We introduced the world to our RADAR token, a Portfolio Manager with expanding features, NFT Explorer and value estimator, token swap and explorer, and in-depth NFT, DeFi, and TVL tracking.
Furthermore, DappRadar offers industry-leading valuation tools and reports to help guide the community even further. As we continue to build out the dapp store of the future, we ask the community to participate, contribute and build it with us.
Hedera for dapp developers
DappRadar invites dapp developers to submit their dapps to DappRadar, creating more visibility on The World’s Dapp Store. Developers interested in learning more about Hedera, its tech stack, funding, and how to get started can use their website and Github resources.
