Finance
Wallets: Several, including Coinbase Wallet, Blockchain Wallet, Ledger, Trezor, Wasabi, BRD, etc.
Borrow / Lend: Compound*, Dharma*, bZx
Payments: Coinbase Commerce, BTCPay, Celo*, and base cryptocurrencies like Bitcoin Lightning Network, XRP, etc.
Stablecoins: Several, including USD Coin, MakerDAO (Dai), Reserve*, etc.
Exchanges: 0x, Uniswap, Kyber, dYdX
Insurance: Etherisc, Nexus Mutual
* Coinbase Ventures Portfolio Company
** This list is informational only and does not constitute investment advice.
Interestingly, these crypto-economic networks also change traditional cost models by more efficiently utilizing previously wasted resources, and removing intermediaries.
For example, individuals participate in decentralized storage or compute networks by loaning out their spare hard disk or CPU cycles, and are paid in each network’s native token. In return, app developers pay for these resources to store encrypted files or perform app computations, all while operating on a decentralized censorship-resistant network.
In theory, the result is greater efficiency of resources, lower costs to consumers, and decentralized platforms where individuals control their own data and intermediaries cannot restrict access or change the rules of participation.