DappRadar, a company that assists in the discovery and analysis of decentralized applications run on distributed ledger blockchain platforms, announced today it has raised $2.33 million in seed funding.

The investment in DappRadar announced today was led by Naspers, a global internet group, with the participation of Blockchain.com Ventures and Angel Invest Berlin.

Blockchains operate using peer-to-peer networks, which means no centralized server infrastructure is needed to run applications. As a result, apps are distributed across the network and are executed by the interaction of multiple users. Thus the term “dapp” or “decentralized app.”

To track dapps, DappRadar watches the execution of smart contracts — encoded contracts that execute automatically when certain conditions are met and gathers data on their usage. Information gathered might include the number of transactions, tokens exchanged, user interaction and similar data.

“In the short time since we founded DappRadar, we’ve seen the technology mature quickly and its commercial prospects are clearer,” said Skirmantas Januskas, DappRadar’s co-founder and chief executive.

DappRadar tracks more than 2,500 dapps across seven different blockchains, including Etherum, EOS and TRON, and has plans to continue to expand to others. The platform filters the data it examines to remove fake and irrelevant activity in order to provide actionable market intelligence about dapp usage.

As one of the few tracking services that provide this sort of information, DappRadar has become the starting point for the discovery of dapps and acts as a distribution channel for dapps to reach new users.

“DappRadar is playing a vital role in bringing trust, transparency and discovery to the fragmented world of dapps,” said Samuel Harrison, managing partner at Blockchain.com Ventures. “We hope to play a role in accelerating their impact on the ecosystem.”

Dapps are used for a wide variety of purposes and cover a huge ecosystem. For example, dapps on the Theta Labs Inc. blockchain connect with video media distribution and Legaler Pty Ltd. developed a dapp called Leagler Aid that connects clients in need of legal aid with pro bono assistance. Other dapps operate within “internet of things” networks, provide supply chain management orchestration, enable voting, financial services, identity verification, gaming and more.

DappRadar intends to use the new funding to expand its functionality in order to deliver more types of actionable data about dapp usage. The company will also use the money to advance its own business operations to the next level, which includes growing the company and adding services for customers.

Developers can submit their dapp to DappRadar on the company’s website to have their app listed and tracked. Users interested in what dapps are available can also visit the website and search across any number of categories.

Image: DappRadar