CandleFocus Hot Protocol becomes the top multi-chain app ahead of Particle Network and Uniswap
2024-10-14
Author: Content Editor
Hot DAO, also known as Hot Protocol, has become the top decentralized app (dApp) according to DappRadar, displacing Particle Network. It has even outperformed Uniswap V3 in terms of unique active users. Hot DAO is active on multiple blockchains, including Ethereum and BNB Chain, but most of its traffic comes from NEAR Protocol. The app is a hub for Multi-Party Computation (MPC) wallets and has seen significant growth in users and transactions. Hot DAO's success is partly attributed to its Hot Wallet, which is integrated into the mini-app ecosystem on Telegram. The protocol has also opened its SDK for mini-apps and offers wallet integration for various EVM-compatible chains. There is anticipation for an airdrop of the native HOT token, but there have been delays and concerns about the value of the airdrop. Overall, Hot Protocol's recent activity boost has raised hopes for its utility in the Web3 ecosystem.
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