Ethereum

NEAR Protocol

DappRadar

Security

<p>Web3 has shown signs of resurgence in this ‘Uptober,’ according to DappRadar’s latest <a href="https://dappradar.com/blog/dapp-industry-report-october-2023-dapps-defi-games-nfts">industry report</a>, suggesting the dApp market may have finally found its footing after a long bearish trend. The analysis points towards a potentially imminent bull run, as crucial metrics have either stabilized or recorded growth.</p> 
<table> 
 <thead> 
  <tr> 
   <th>Chain</th> 
   <th>Unique Active Wallets (Sep)</th> 
   <th>Unique Active Wallets (Oct)</th> 
   <th>Average dUAW, % change MoM</th> 
  </tr> 
 </thead> 
 <tbody> 
  <tr> 
   <td>Near</td> 
   <td>641K</td> 
   <td>687K</td> 
   <td>7%</td> 
  </tr> 
  <tr> 
   <td>BNB Chain</td> 
   <td>446K</td> 
   <td>433K</td> 
   <td>-3%</td> 
  </tr> 
  <tr> 
   <td>Wax</td> 
   <td>328K</td> 
   <td>313K</td> 
   <td>-5%</td> 
  </tr> 
  <tr> 
   <td>ZKsync</td> 
   <td>302K</td> 
   <td>242K</td> 
   <td>-20%</td> 
  </tr> 
  <tr> 
   <td>Polygon</td> 
   <td>194K</td> 
   <td>199K</td> 
   <td>3%</td> 
  </tr> 
 </tbody> 
</table> 
<p>NEAR Protocol continues to lead with the most daily average unique active wallets (dUAW), growing by 7% to 687,000. Gaming dApps have seen a notable increase in activity, with their industry dominance rising to 62%. This sector now accounts for 1.66 million dUAW, a 17% increase from September.</p> 
<p>The Decentralized Finance (DeFi) landscape, while seeing a 14% rise in Total Value Locked (TVL), has experienced a 13% drop in dUAW. Ethereum maintains its stronghold in the DeFi space, with a 10% increase in TVL, but Solana outpaces all with a 40% surge.</p> 
<p>The NFT market has broken its year-long decline, with trading volumes spiking by 32% to $405 million, nearing August levels. Notably, Ethereum dominates this uplift, while other chains have seen reductions in sales volumes.</p> 
<p>Security within web3 has improved significantly, with a 93% reduction in funds stolen via hacks and exploits. The reported $800,000 average loss per incident in October is the lowest in the year, hinting at a growing savviness among web3 users.</p> 
<p>DappRadar’s analysis underscores a cautious optimism for the dApp industry’s future, linking positive trends in gaming and NFT trading with potential market recovery. This bounce-back in web3 is paralleled by the fall in exploit cases, suggesting an overall maturation of the space. However, consistent growth across several months is needed to confirm a true market turnaround.</p> 
<p>The full report is available on the <a href="https://dappradar.com/blog/dapp-industry-report-october-2023-dapps-defi-games-nfts">DappRadar website.</a></p> 
<p>The post <a rel="nofollow" href="https://cryptoslate.com/gaming-corners-62-of-active-wallets-in-uptober-as-dappradar-reveals-wall-of-bullish-metrics/">Gaming corners 62% of active wallets in ‘Uptober’ as DappRadar reveals wall of bullish metrics</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Gaming corners 62% of active wallets in ‘Uptober’ as DappRadar reveals wall of bullish metrics

CryptoSlate

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