Kamis, 07 November 2024

🏦 DeFi Leads Dapp Industry: Major Success with These DeFi Platforms

gm Web3 explorers,

Today we published our Dapp Industry Report for October 2024, and we've seen tremendous performance from the DeFi sector. DeFi is now ahead of Games and AI with a 34.5% market share in dapp activity. In this newsletter we look at the dapps that drive this surge!

Let's go! 📡🔵

🐸 Memes and Trump Push DeFi Ahead with 34.5% Market Share

The dapp industry maintained a strong upward trend in October, setting new records in user activity. In a notable shift, the gaming sector has lost its leading position within the dapp industry, now outpaced by DeFi.

Read the full report

🟣 Raydium

Raydium is the leading onchain order book for DeFi protocols building on Solana. The AMM attracts the most wallets of all dapps, more than 89 million in the past 30 days. That's a 25% increase from the same period before, driven by memecoin trading and the success of Pump.fun.

Explore Raydium

🦄 Uniswap V3

While Uniswap is working on its own liquidity layer, called Unichain, their DEXes are still among the most popular. Uniswap V3 did over $80 billion in dapp volume, making it the most liquid DEX by far. However, in terms of user numbers it stay behind, attract 7.7 million active wallets, a drop of 38% measured over the past 30 days. Most of those are active on Base btw.

Explore Uniswap V3

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🌛 Moonwell

Lending platform Moonwell has seen a surge in activity. The lending and borrowing protocol is active on Moonbeam, Base and Optimism. Their TVL increased 61% to $160 million, attracting 27,000 active wallets in the past 30 days.

Explore Moonwell

💊 Pump.fun

In the past 30 days over 1 million wallets have interacted with Pump.fun, launching tokens or buying those memecoins. Most of these tokens go to zero, eventually. But the Web3 community loves it. Volume increased 100% to $1.37 billion, processing over 45 million transactions. Pump.fun has been the origin of many Trump inspired memecoins, including tokens based on Peanut the Squirrel.

Explore Pump.fun

btw. you don't have to rely on this newsletter to get some alpha. By utilizing DappRadar and its suite of services, you can find the alpha yourself. Go to our Rankings, apply filters, and find interesting projects based on onchain data. Or join Quests to explore dapps looking to attract an audience.

LFG! 📡🔵

Have a great day,
DappRadar Team
💙

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