Mon 07 Nov 2022 ▪ 14:00 ▪
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“Hello November”! Last Thursday DappRadar released a report highlighting encouraging data for the month of October. These statistics refer to individual wallets for dApps, cryptocurrencies, NFTs, etc. DappRadar also announced that the month that marked the start of the Russian Revolution (1917) was a very eventful one for the company.
NFTs are still relevant
The image above gives us an overview of the different points that DappRadar has focused on. Cointelegraph, on the other hand, focused on NFT statistics. According to the trade press, October saw an 18% increase in unique NFT traders to 1.11 million. Proof that the market is still dynamic despite a 30% drop in transaction and sales volumes.
” The increase in the number of unique traders indicates that new people are entering the NFT market and it is still in high demand “, We specify in the report.
The cryptocurrency market resists hackers
Always inspired by this report, CryptoNews highlighted the rebound in the cryptocurrency sector. In October, the market capitalization of cryptocurrencies surpassed $ 1 trillion according to DappRadar.
Compared to September, the number of unique active portfolios (UAWs) increased by 6.84%, with an average of 2.01 million per day in October. Which evoke good resistance to the broader economic slowdown.
October was also bloody for cryptocurrency investors. There was actually a loss of around $ 1.09 billion related to the hacks. About 766 million dollars of this astronomical sum falls into the hands of Francisco Valdevino da Silva (aka Bitconi Sheikh).
DappRadar and its “exciting” October.
” October was an exciting month for DappRadar and our users!
We have had great results and many product updates. We continue to create and deliver the best products, experiences and services for our users.
October summary. “
In the comments associated with this tweet, DappRadar stated, among other things:
- the progress of its API, currently in Beta phase;
- integrations made with GameStop, Redditavatars, Arbitrum, Brave…;
- the 3 proposals of the DAO of DappRadar;
- the 4 events organized by the company (Market Movers AMA, Halloween AMA, live game streaming with Bezoge);
- Halloween Hung, which drew 1,600 attendees;
- DappRaddar mentions in popular media, such as Forbes, Cointelegraph, Coindesk…;
- hiring, internal learning sessions and creating virtual offices through Kumospace;
- adding 356 dApps in DappRadar;
- report production (Behavior Report, Third Quarter Industry Report, etc.).
Based on the performance released in October, DappRadar even took the liberty of predicting a continuation of the bull run. A little bold as a statement? In any case, the advanced figures on cryptocurrencies and NFT seem conclusive.
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The blockchain and crypto revolution is underway! And the day the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that it has something to do with it.