DappRadar, a data provider of decentralized applications (dApps) running across multiple protocols, announced that it will be adding WAX into its platform.
Tracking trends in the WAX protocol
WAX stands for World Asset eXchange. This is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve over 400 million online players.
Due to the significant stance that this network has in the gaming industry, one of the leading blockchain insights provider DappRadar decided to include it into its platform.
Starting now, DappRadar will filter data from Dapps running on top of the WAX blockchain. The firm will be able to collect insights about active users, token volume, and transaction activity. This would allow investors to have thoughtful information about the trends developing in the WAX protocol.
The move comes after WAX introduced the WAX Cloud Wallet last week. This is a brand new wallet designed to simplify the login process of several blockchain applications. Since most crypto wallets available in the market are too complex for daily use, WAX Cloud Wallet was brought out for mainstream adoption, according to WAX’s co-founder William Quigley:
“The WAX Cloud Wallet is part of our continuing effort to make blockchain easy for everyone. We’ve made it as easy to use as logging into your Amazon account. You can create a blockchain account in two clicks.”
As part of the efforts to show the usability of the WAX Cloud Wallet, WAX partnered upwith Prospectors. This is an online strategy game with a free-market economy. Prospectors have already amassed 5,500 daily active users since launching. The massive success sends a clear message to other blockchain-based games that they should migrate into WAX.
Like what you see? Subscribe to CryptoSlate
Get our daily newsletter containing the top blockchain stories and crypto analysis straight to your inbox.
After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.