Web3 coverage tends to focus on the most recent round of staggering NFT sales and the daily fluctuations in the price of cryptocurrencies. As a result of this narrow focus, we are missing out on more comprehensive discussions about the space, including the remarkable growth of DeFi, which is the fastest-growing blockchain category on which Web3 hinges.

There has been progressing, but developers are still working hard to overcome the unique challenges the DeFi sector faces as it begins to scale and take on the centralized financial markets.

Those in the traditional finance and fintech industries may overlook or dismiss the growth of Web3 because of these complicated dynamics. There has been a paradigm shift in financial services over the past year, and DeFi is perfectly positioned to meet this demand.

Top 5 Web3 Fintech Apps

  • Alchemy
  • The Dapp List
  • GuildFi
  • QuikNode
  • AlphaWallet

1. Alchemy

Alchemy is a leading blockchain development platform that is used by millions of people. The ultimate goal is to give developers the basic building blocks they will need to build the future of technology.

Rather than relying on centralized nodes, it uses a decentralized architecture to read and write blockchains faster and more efficiently. For cryptocurrency-related software, also provides analytics, monitoring, and debugging tools.

More than a million users across the world use the startup’s infrastructure every week, including well-known brands like Opera browser and Kyber.

Alchemy, like Microsoft, offers a variety of management tools for decentralized apps. These include analytics for keeping track of its use, and performance monitoring, which alerts the team in the event of a breakout. Also, there is a log used to trace errors and a debugger to get apps running again.

Alchemy can do this because blockchains standardize the database and how it’s accessed, whereas, on the traditional web, this would require the work of multiple startups.

2. The Dapp List

By creating a multi-chain ecosystem around the Dapp List, we hope to foster widespread adoption of Web 3. It accomplishes this by removing centralized authority, supporting developers, and providing community-curated and validated apps to explore and engage with.

It is the goal of The Dapp List to provide users with a place where they can learn about and interact with Dapps. It accomplishes this by maintaining the community as a governing body to hunt down and validate apps. TDL provides a platform for developers to build a community and find the right people to work with.

Industry leaders like CMS holdings, LD Capital and YBB foundation, AU21 capital, Bitscale Capital, BR Capital, Double Peak, and Momentum 6 invested in the Dapp List.

3. GuildFi

Aiming to bring in as many web3 users as possible is GuildFi’s ultimate goal. While crypto-natives may be perplexed by the name GuildFi because they think it refers to the traditional crypto guild model described above, non-crypto-native gamers understand that GuildFi refers to a community of gamers who are trying to add as much value as possible to a wide range of games and web3 apps.

GuildFi will continue to strive to empower token holders, granting each token holder the right to govern the protocol as time goes on. To begin, the GF token was launched and an auction was held through Copper Launch, a platform that allows every investor to purchase as many GF tokens as they want.

The GuildFi platform and, more importantly, the GuildFi community will benefit as much as possible from governance, which will be implemented in the coming months. Also in conjunction with the sGF mechanism, voting power will be based on the number of sGF tokens you own, rather than the amount of GF you hold.

When you stake GF tokens, you will receive tokens called sGF tokens. As time goes on, more sGF tokens are accumulated. In other words, those who have invested in GuildFi for a longer period or who have aligned their interests with the long-term prospects of the GuildFi community and platform will have a greater say in the voting process.

4. QuikNode

On QuikNode’s Web3 cloud, developers can rent nodes they need for working on blockchain networks that are accessible through their apps. Thus, they can save on labor and resources by not having to maintain and monitor their node.

Customers of QuikNode get a product that combines analytics and developer tools to make running a decentralized app simpler. As of now, the company has a slight advantage over the competition.

Decentralized app companies may find it more difficult to compete with larger firms that have the financial resources to build physical data centers as the market for decentralized apps expands.

Even so, QuikNode maintains a primary focus on its software, but it may in the future need to focus more on physical data centers to keep up, depending on the startup’s rate of growth and what the future holds for it.

According to the official website of QuikNode, there is no need to wait once a customer has signed up for their services. There is no waiting for the tools to become available after installing the software. From hobbyists to large-scale blockchain applications, it’s a great fit.

5. AlphaWallet

There are more than 500 derivative wallets based on AlphaWallet’s source code that cover a variety of assets and use cases.

AlphaWallet was the first crypto wallet to include native support for NFTs which is secured by a high-level security enclave.

All EVM networks including testnets are supported by AlphaWallet 3.0, which is set to be released in 2020. It features numerous features that make it accessible to developers.

TokenScript is supported by AlphaWallet in the general super user-agent scenario. To enable native mobile UX, developers can use TokenScript to design their token logic into the wallet itself, and users can use their token cards to access all of their native functions without having to open Dapps.

You can use an integrated app browser to access the entire web3 globe, gain access to the unique Ethereum tokens, earn money with Defi, take part in a DAO, spend your tokens on more things, and pay with a stablecoin.


Web3 represents a more comprehensive shift in how people interact with one another and with brands online, and as such, DeFi has the potential to grow exponentially.

Firms will find themselves scrambling to keep up with demand as mainstream users become more and more comfortable in the space.