Major cryptocurrency exchange Binance caused decentralized app (DApp) information startup DappReview, according to a press release on Dec. 2.

Per the release, DappReview's platform provides its visitors with information analytics, user insights and information for over 3,900 DApps on 13 public blockchains.

DappReview founder Vincent Niu explained that the visitor besides provides support for DApp developers in fundraising, product development and marketing. When asked by Cointelegraph whether he believes the acquisition by a crypto company could damage the platform's independence, he said:

"DappReview provides accurate information analysis, users insight and market trends by accumulation the on-chain information, which is transparent to everyone. So our reports and views will non be affected by who we are. The data talks."

Per the release, DappReview will maintain its independence in technical evolution and operations as well, while Binance will offer support in non-technical fields such equally marketing and business concern development.

Niu as well explained that the conquering will provide his company with the resources to grow faster and that the firm's next objective is to land more DApp data-integration partnerships with blockchain protocols and developers. He did non disclose the cost of the acquisition.

While many hope that DApps will drive blockchain technology's mass adoption, the marketplace has not yet seen a decentralized application to accomplish mainstream use. Every bit Cointelegraph reported at the beginning of October, a new study has shown that DApp transaction volumes and user action slumped in the third quarter of 2019.

Binance scoops up blockchain firms

Binance has made a number of acquisitions in the blockchain and crypto space in contempo months. In September, the substitution acquired JEX — a crypto-nugget trading platform that offers spot and derivatives trading services — while just a few weeks ago it bought the well-known Indian crypto exchange WazirX.

The major exchange made its start public acquisition last yr when it bought Trust Wallet with a reported mixture of fiat money, Binance stocks, and its native cryptocurrency Binance Coin (BNB).