Having established itself as the world’s leading cryptocurrency trading exchange in terms of transaction volume and client base, Binance has added another achievement to its credit. The globally reputed trading platform has acquired Beijing-based blockchain-driven decentralized applications supporting platform, DappReview.
According to the statement given by Viktor Radchenko, founder at Binance’s Trust Wallet, the collaboration between DappReview and Binance will allow DappReview to strengthen Binance’s ecosystem by providing aid in developing the current dapps along with the creation of new innovative blockchain solutions.
DappReview has placed itself in the marketspace as an unprecedented provider of data analytics, user insights, and dapp information for more than 3,900 decentralized applications running across thirteen public blockchains. The prestigious platform came into existence in February 2018, and since then it has become the one-stop solution for dapps assistance for more than 300,000 monthly active users spread across 120 countries around the globe.
Binance CFO, Wei Zhou shared views regarding the acquisition stating that “On-chain applications are still the missing piece for mass blockchain adoption. The DappReview team has shown its commitment to dapps and strong execution in building a leading global dapps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications. This acquisition marks a significant step into the dapps ecosystem, and we will have more exciting developments in the near future.”
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DappReview’s excellent tools and operational pedagogies have been acknowledged by the biggies of the blockchain industry, the most recent being TRON Foundation spearhead Justin Sun. The founder stated that DappReview offers the community members of TRON with the latest information about the dapps performance in comparison to other applications on the network. He added that “To make the service more enticing, Vincent and his team frequently share industry insights based off their deep understanding of the overall ecosystem and detailed data analysis, offering analytical guidance on latest industry trends.”
The news about Binance acquiring DappReview has witnessed a celebratory welcome from the blockchain industry, with leaders sharing the news on their official handles.
Building the Binance ecosystem, one product at a time 🚀 https://t.co/JEodseD134
— Nischal (Shardeum) 🔼 (@NischalShetty) December 3, 2019
Huge Congrats to @dapp_review @binance @cz_binance ! https://t.co/tjLSx7tGYO
— H.E. Justin Sun🌞(hiring) (@justinsuntron) December 3, 2019
Post the acquisition process, DappReview will continue to work in technical development and operation while Binance will lend its expert services to strengthen the non-technical operations like marketing and business development. In the first quarter of 2020, DappReview will unveil an array of new products for the customers.
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“Binance’s acquisition will empower DappReview with more resources to accelerate our business growth. Our next step is to partner with more blockchain protocols and developers on dapp data integration, and push for dapps adoption on a greater scale,” quoted Vincent Niu, Founder and CEO of DappReview.
