Web3 Resilient Against US Crypto Regulations with 1.6 Million Daily Active Wallets
Deciphering the ripple effects of regulatory storms on crypto markets, dapp industry, and user behavior
Deciphering the ripple effects of regulatory storms on crypto markets, dapp industry, and user behavior
Understand the state of the dapp industry in May 2023
Number of daily Unique Active Wallets dropped only 5% to 1.9 million in November.
The Terra debacle became the Lehman brothers-like event sending shockwaves across the crypto industry.
NFTs and Web3 games keep enduring market conditions as shockwaves from the Terra collapse reach CeFi and VCs.
1.54 million user wallets connected on a daily basis in Q3 2021
1.54 million user wallets connected on a daily basis in Q3 2021
In contrast, DeFi saw 11% less unique active wallets in the past three months
In contrast, DeFi saw 11% less unique active wallets in the past three months
TVL locked into DeFi up $12 billion in the past 48 hours