DApp activity rises 3.7% in August for the first time since May: Finance Rede...
DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.Decentralized applications, or DApps, finally showed a glimmer of recovery in August as the daily average of unique active wallets rose by 3.7% compared to May.With just under a week left for the Merge, SEBA Bank has opened Ethereum....
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Despite a slight recovery, DeFi TLV has lost $250 billion this year. DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram's support of its NFTs and the game Solitaire Blitz. On the other hand, Solana UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.There were 1.67 million unique wallets connected....
On the horizon of yield farming Dapp on Binance Smart Chain, it is hard to find the best ones. What is the best option for Dapp, which offers high ROI to their customers and is also secure? The innovative Dapp BUSDMatrix has been recently talked about a lot in the crypto community. It is a […]
The play-to-earn gaming space is one of the most discussed ecosystems in today’s crypto industry. According to Dapp Radar’s Q1 report, blockchain games accounted for over 50% of the total DApp activity. There has also been a significant inflow of funds, with VCs investing close to $2.5 billion this year. Looking at these stats, one […]
On April 10th 2021, the ZooKeeper DApp emerged on Wanchains mainnet to complement another Wanchain community DApp, Wanswap. ZooKeeper is a gamified yield farming DApp built on Wanchain, where the focus of the team was to make crypto farming a lot more fun and rewarding. For approximately a week now, it’s been possible to dual […]
Ethereum (ETH) has become a beacon in the sea of blockchains, boasting a staggering 92% surge in dApp (decentralized application) volume over the past week. This news, however, comes with a layer of complexity, revealing a landscape of both opportunity and potential setbacks for the leading blockchain. Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market Cheap Gas Fuels The Fire Analysts attribute the dApp volume explosion to the Dencun upgrade in March, which significantly reduced gas fees – the cost associated with processing transactions on the Ethereum....