The wallet gives you the benefits of trading and earning interest, without surrendering control of your money, unlike competitors. The most popular way to buy, sell, and store crypto. A custodial version that enables you to use all our features like buying and selling, swapping between crypto like bitcoin and ethereum, and transferring to interest accounts where you can earn up to 12%. While games remain the main driver, a bigger metaverse vision is emerging as gaming, DeFi and NFTs increasingly intersect.- A non-custodial version, which means that only YOU control access to your crypto and private keys. The state of the dapp industry today is more exciting than ever as all three main categories experience organic growth in both usage and value at a rate not observed before. The effect of celebrity endorsement in India - the fifth wealthiest country with a population of 1.38 billion - is certainly one to monitor in the months to come. This will likely not only strengthen India-based Polygon’s NFT offering, but also expose the NFT market beyond a very US-concentrated base. As NFTs continue to capture public attention, the market cap for the 100 most traded collections on Ethereum and Flow’s NBA Top Shot grew substantially, gaining 18% in September to reach capitalization just shy of $17 billion.īesides the news of Coinbase branching out into NFTs, which will indisputably contribute to the growth of the segment, another announcement that promises to propel non-fungible tokens on a scale not seen before is Bollywood and cricket stars entering the market. Having accumulated over $10.6 billion in the past quarter, the NFT segment kept its pace with more than $4.2 billion traded in October alone. The category marked the greatest improvement in terms of usage at 32% month-on-month and an 803,500 daily UAW average as blockchains like Solana, Terra, Avalanche, and Fantom established themselves as solid DeFi ecosystems. Judging by this promising start to the quarter, I would expect to see new all-time highs across dapp segments by end of the year and mass adoption within 2022,” said Modesta Masoit, Head of Finance and Research at DappRadarīlockchain’s original darling - DeFi - saw renewed interest in October following a Q3 focused on NFTs and games. At the same time, the space remains fluid and dynamic, consistently branching out into new markets, product configurations, and uses. Growth is stabilizing but maintaining a fast pace.
The industry seems to be establishing itself firmly, cementing its positions - no longer are we seeing the steep, hype-driven spikes of the DeFi summer, nor of the onset of the NFT craze. “October’s figures point in two directions: consolidation and diversification. The news sent metaverse-related tokens skyrocketing, with Decentraland’s MANA up 303% since the announcement to reach a $4.11 all-time high, and Sandbox’s SAND up 125% to $2.35 since its September all-time high. However, it was arguably Facebook’s rebranding announcement that stole the show in October. Nearly 1.2M UAW, or 55% of the total registered daily usage, was connected to game dapps in October. This 21% month-on-month increase in UAW boosts the space’s annual growth up to an impressive 626% in October and sets the scene for yet another record-breaking quarter.īlockchain gaming - now firmly established as the industry’s darling - once again accounted for the greatest portion of dapp activity. The blockchain space continued its rapid expansion against a backdrop of leading cryptocurrencies reaching all-time highs, notably registering two million unique active wallets (UAW) interacting with dapps on a daily basis for the first time. October industry report confirms games can lead to mass adoption
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