DappRadar Report Shows NFTs Are Still In demand
One of the popular sectors in the digital asset world is Non-fungible tokens. NFTs find utility in the real world as means to store and trade digital assets. Despite challenges from the crypto bear market, there are still many opportunities for investors in the NFT marketplaces. But now, NFTs are not doing well despite gaining […]
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A DappRadar report found that despite a fall in NFT trading volumes and sales counts throughout October, monthly unique traders increased. October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.”According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million, increasing 18% from September, of approximately 950,000. This is despite trading volumes falling 30% to $662 million in October,....
Blockchain-based games and NFT trading were the driving force behind dapp adoption during Q3, according to defi insight platform Dappradar. In its Dapp Industry Report: Q3 2021 Overview, Dappradar states that the importance of these new activities in the crypto industry rose dramatically, making the space more diversified and competitive in the process. Defi also got a boost with platforms like Solana and Terra maturing to accommodate more projects.
Dappradar: NFTs and Play-to-Earn Were Key During Q3
NFTs and play-to-earn games were very important for the industry during the last....
Despite the reports surfacing of low numbers of unique active wallets on Decentraland, the metaverse hype, investment and development go on. An initial interpretation of DappRadar numbers on Oct. 11 reported extremely low engagement numbers for Decentraland, one of Web3’s most-hyped metaverses. The numbers shocked the community, as the platform has a current market evaluation of $1.2 billion.Shortly after the initial report broke, both DappRadar and Decentraland verified that the published number of less than 40 unique active wallets (UAW) was not an accurate representation of activity on....
According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of macroeconomic events have influenced the crypto market, and Dappradar researchers say it’s currently “impossible to foresee a worldwide expansion of cryptocurrencies without a general recovery in conventional financial markets.” Dappradar Report Highlights Crypto Economy’s Slow but Steady Recovery The crypto industry is still dealing with the....
There’s no question that blue-chip NFT collections such as BAYC have declined in value recently, but the market for digital collectibles is much bigger. The market for nonfungible tokens, or NFTs, has slowed from its peak, but that doesn’t mean the industry is dead — far from it, actually. NFT sales volumes came in at a healthy $3.7 billion in May, according to DappRadar’s latest Industry Report, which was released on Wednesday. While volumes were down 20% compared with April, industry activity remains robust considering that crypto assets as a whole are in a bear market. DappRadar also....