Introducing Dapp.com Ranking: Here is how to measure a dapp’s health

2018-07-19 10:58:50 · 44 views · 6 min read

There’s nothing like finding a super cool game in a dizzying array of video game store, or on Amazon — We bet these days some of us still make a trip down to a local video game shop to check out what’s new, and maybe play one round or two with other shoppers (right?). Well, choosing a crypto game is slightly different from shopping a regular video game.

There are around 150 crypto games on Dapp.com, but how to pick the right one? It can be a daunting challenge. You might have heard of CryptoKitties, but does it really worth playing / trading? A couple days ago, a game called Gods Unchained was all over the crypto news, but why only few people play it so far? And not just games, there are many other kinds of dapps seem have the same “problem” for end user as well — Shall I use this financial tool? I haven’t seen any reviews yet, but might be a niche and shall I just get on to that now?

Before we jump into our main topic today, let’s do a quick “test” first. See these four images below? Each one of them represents a dapp’s performance. Guess which dapp has the best performance?

The answer is the second one. Surprised? These images actually mean user dynamics. Each dot represents a user (account), and the one closer to the center has more value than others (users). The more and denser dots to the center, the better the contract performance. Just so you know, we are not trying to confuse you, in fact, we provide the Dapp.com Ranking, which makes the crypto life easier for you.

The Dapp.com Ranking is an index to assess the health and growth potential of dapp projects that powered by Dapp.com. We bring together and normalize all the important dapp metrics, such as activity level, timeliness, the profitability of the contracts, and the authenticity of the contributors and the communities.

Before Dapp.com Ranking or any other kinds of ranking, rating used to be the quickest way for a user to see what other users think of the dapp. But what about a new dapp hasn’t got enough review? Or, some bots left tons of fake reviews? Unfortunately, it happens a lot.

Without further ado, here’s how you can use this ranking to measure dapps’ performance aka dapps’ health.

The Dapp.com Ranking shows a few key metrics:

  • User statistics: New users / New accounts interact with the dapp contracts in one day; Daily users / Total accounts interact with the dapp contracts in one day.
  • Transaction statistics: Daily transactions - Transactions of the contracts in one day; Non-zero transactions - Daily Transactions with non-zero value.
  • Contract Statistics: Dapp balance / Total balance of dapp contracts; Dapp volume / Total volume of dapp transactions.

(DAU: Daily active users; DTV: Daily transaction volume)

Let’s take CryptoKitties as an example. It currently ranked as NO. 9 among all the dapps on Dapp.com with a *24.848 scores.

The scores are based on:

  1. Its user number, including new users and daily active users.
  2. Transaction amount, including daily transaction volume with non-zero value.
  3. Contract balance, including total dapp contract balance and the total volume of dapp transactions.

And then we use all these metrics with our comprehensive algorithm to get the 24.848. Actually, if we go back to those four images, CryptoKitties is the second one — The one has the best performance. You can see the all the dots around the center, the density and user dynamic — It is a healthy dapp indeed.

We consider any dapp with above 20 scores is a health dapp.

So from now on, you don’t have to draw a data graph. Just go to see the score on Dapp.com and you will know the answer!

To sum up, Dapp.com Ranking is designed to give you the full picture of the dapps at a glance, deep-dive into the data when you need, and monitor real-time trading volume and purge fake users. You can use the Dapp Ranking as a basis to assess and measure the current dapps situation fairly and transparently. Go check it out and enjoy the ranking:)

  • The data was collected at 8:22 am EST on July 19.
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