1/
Despite the @FTX_Official crypto drama, blockchain #dapp activity has increased significantly, pushing the volume per protocol up. #Ethereum went from $7.18 billion on November 7 to $23.47 billion on November 10.
Despite the @FTX_Official crypto drama, blockchain #dapp activity has increased significantly, pushing the volume per protocol up. #Ethereum went from $7.18 billion on November 7 to $23.47 billion on November 10.
2/
Decentralized applications work as intended. #DeFi #dapps have seen increased activity across all blockchains, from 1.46 million transactions on Nov 7 to more than 2.2 million on Nov 10.
Decentralized applications work as intended. #DeFi #dapps have seen increased activity across all blockchains, from 1.46 million transactions on Nov 7 to more than 2.2 million on Nov 10.
3/
Because of the price action following the #FTX drama, the Total Value Locked in the #DeFi sector has taken a hit. Down from $51.93B to the current $42.33B.
Because of the price action following the #FTX drama, the Total Value Locked in the #DeFi sector has taken a hit. Down from $51.93B to the current $42.33B.
4/
DeFi #dapps allowed users to move their assets away from risky projects. #DeFi dapps on @solana have seen their UAW double or even triple over the past 7 days.
➡️ Read more here: dappradar.com/blog/ftx-cause….
DeFi #dapps allowed users to move their assets away from risky projects. #DeFi dapps on @solana have seen their UAW double or even triple over the past 7 days.
➡️ Read more here: dappradar.com/blog/ftx-cause….
5/
While other sectors were hardly impacted by the crypto crash. For some NFT traders, the price drop provided a buying opportunity. On @MagicEden, the no. of traders increased 89% to 92,181 (7D).
Trading volume shot up 402% to more than $29 million over the same time period.
While other sectors were hardly impacted by the crypto crash. For some NFT traders, the price drop provided a buying opportunity. On @MagicEden, the no. of traders increased 89% to 92,181 (7D).
Trading volume shot up 402% to more than $29 million over the same time period.
6/
The leading NFT marketplace, @opensea, saw 120,148 users trade #NFTs (7D), an increase of 5.6%.
While the damage caused by #FTX will be felt across the industry for some time, #dapp activity remains strong.
Dapps users still use these #dapps in times of crisis.
The leading NFT marketplace, @opensea, saw 120,148 users trade #NFTs (7D), an increase of 5.6%.
While the damage caused by #FTX will be felt across the industry for some time, #dapp activity remains strong.
Dapps users still use these #dapps in times of crisis.
7/
You can discover all these #dapps through @DappRadar, the World's Dapp Store.
Make an account, become a PRO member, and discover dapps together with our community.
➡️ dappradar.com
You can discover all these #dapps through @DappRadar, the World's Dapp Store.
Make an account, become a PRO member, and discover dapps together with our community.
➡️ dappradar.com
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