“Hello November”! Last Thursday, DappRadar published a report in which it highlights encouraging figures for the month of October. These statistics relate to single wallets for dApps, cryptocurrencies, NFTs, etc. DappRadar also announced that the month marking the beginning of the Russian Revolution (1917) was very eventful for the company.
NFTs are still relevant
The image above gives us an overview of the different points that DappRadar has focused on. Cointelegraph, meanwhile, focused on statistics regarding NFTs. 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 crypto market resists hackers
Always inspired by this report, CryptoNews highlighted the rebound in the cryptocurrency sector. In October, the crypto market capitalization surpassed $1 trillion according to DappRadar.
Compared to September, the number of unique active wallets (UAWs) increased by 6.84%, averaging 2.01 million per day in October. What evoke a good resistance to the broader economic slowdown.
October was also bloody for crypto investors. There was actually a loss of around $1.09 billion related to hacks. About $766 million of this astronomical sum falls into the hands of Francisco Valdevino da Silva (aka Bitconi Sheikh).
DappRadar and its “exciting” October
” October has been an exciting month for DappRadar and our users!
We had great achievements and lots of product updates. We continue to build and deliver the best products, experiences and services for our users.
Recap of the month of October. »
In the comments associated with this tweet, DappRadar stated, among other things:
- the progress of its API, currently in Beta stage;
- 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 saw 1,600 attendees;
- DappRaddar mentions in popular media, such as Forbes, Cointelegraph, Coindesk…;
- recruitments, internal learning sessions and setting up virtual offices via Kumospace;
- the addition of 356 dApps in DappRadar;
- producing reports (Behavior Report, Q3 Industry Report, etc.).
Based on the performances released during the month of October, DappRadar even allowed itself to predict a continuation of the bull run. A bit daring as a statement? In any case, the figures put forward on cryptocurrencies and NFTs seem conclusive.
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