The Ethereum wallet and MyEtherWallet, or MEW, interface have brought access to decentralized apps to 1.3 million monthly users thanks to the new DApps Browser feature in the MEW mobile app.

The partnership with DApp Analytics DappRadar gives MEW users access to over 2,000 Ethereum-based decentralized applications, including Defi and NFT protocols, right from their smartphones.

Through the DApps browser, users can view, search, and interact with DeDApps such as UniSwap, SushiSwap, and Balancer to access financial services such as loans, asset exchanges, and custody. They can also track DeFi loan and deposit wallets.

The wallet software provides secure access as the private key never leaves the secure encrypted storage of the device and is not transferred to the DApp.

Users can also access other decentralized wallet apps including Status and Trust Wallet. While the three apps were downloaded more than six million times in total, DappRadar’s January reports saw only 72,000 daily active users, leaving plenty of room for growth with MEW’s large user base.

Users can browse and search for specific DApps, and iOS users are expected to be able to see ratings and calculations for 2000 DApps later this year, which are usually only displayed through browsers in the MEW app. These calculations likely include daily, weekly, and monthly active users, total blocked value, and trading volume. Kusala Himachandra, founder and CEO of the Ministry of Electricity and Water, said:

“Our commitment to providing DApps to all of our users, no matter how they choose to access them, reflects our belief that wallets can and should be at the heart of the entire Ethereum DApp ecosystem.”
The new features also give users access to the non-fungible token or NFT sector. Although the sector is still very young, it grew 10 times in January to over $ 33 million, and that number is expected to skyrocket in 2021. Some NFT artworks are now selling for hundreds of thousands of dollars. …

DeFi protocols accounted for 95% of the $ 270 billion DApp transaction volume in 2020.

Earlier this week, DAppradar decided that while Ethereum is still the best in terms of active users, higher transaction fees and scalability increase the appeal of alternative blockchains. The fees associated with some of Defi’s more sophisticated protocols exceed $ 1,000 during peak hours.

However, venture capital firm Outlier Ventures reported this week that developer activity appears to be waning on older Ethereum killer networks in favor of Ethereum-based DeFi protocols like Aave and Balancer.

Source: CoinTelegraph

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