​​Dapp Radar Industry Report: October 2021 Dapp Radar in it | NFT Community

​​Dapp Radar Industry Report: October 2021

Dapp Radar in its monthly industry report confirmed the blockchain space continued its expansion in October. Here are some new records and milestones of yet another bullish month:

Two million unique active wallets (UAW) daily interacting with dapps
Dapp usage is up 21% against September and 626% year-over-year
At $4.2B in trading volume, NFTs keep their pace after record quarter
DeFi hits an all-time high, with nearly $220B in total value locke
Gaming accounts for 55% of UAW, signaling mass adoption in 2022 (the most contributors are Sprinterlands and Axie Infinity)
VCs invested at least $127 million in blockchain games-related platforms that include Animoca Brands, Treeverse, and the trading card game Parallel.
Blockchains like Solana, Terra, Avalanche, and Fantom established themselves as solid DeFi ecosystems
India is one to watch as Bollywood enters the NFT space

Growth is stabilizing, but maintaining a fast pace. At the same time, the space remains fluid and dynamic, consistently branching out into new markets, product configurations, and uses. Judging by this promising start to the quarter, I would expect to see new all-time highs across dapp segments by end of the year and mass adoption within 2022 (c) Modesta Masoit, Head of Finance and Research at DappRadar.

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