gm Web3 explorers,

The Rankings and the Explorer page on DappRadar help Web3 enthusiasts to discover projects, utilizing onchain metrics. Through this newsletter we used these tools to find hot prospects, new success and dapps of the future. This week lots of praise for the Solana ecosystem, while DeFi platforms on TON and Algorand take a leading position.

Let's explore! 📡🔵

Raydium

Explore Raydium

🚀 100% growth for new #1 dapp

DeFi on Solana is booming, and the success of Raydium is a clear reflection of that. The DeFi platform has doubled its number of active users and now sits proudly at the top of our charts with 14.8 million UAW.

ENS Domains

Dive into ENS

⚡️ Domain name speculation $110k

Someone paid $110,000 or 48.4 WETH to purchase trump.eth. Not only will the elections play a major role in crypto for the coming weeks and months, but speculation also plays a role here. With the purchase of trump.eth someone is betting big on the success of Donald J. Trump and the Republicans.

Solana

Let's take a look

💜 Most active chain of the week

Solana, led by the earlier mentioned Raydium, has become a beacon of hope for Web3 enthusiasts. The once "dead" chain, and fully redeemed itself and has become the most active chain of the week with almost 80 dapp transactions.

Folks Finance

Explore FF

🏆 Experienced a RECORD week

Folks Finance has seen its number of active wallets increase by 2,637% to more than 17.2k. That's the highest number ever recorded for the trading and lending protocol built on Algorand. With 2.77 million in volume, Folks Finance is the leading DeFi hub on Algorand. And tomorrow they will launch xChain, for which they've had many campaigns with Galxe and Coinbase after the past weeks.

StonFi

Try StonFi

TON goes beyond clicker games 🔥

The success of Yescoin, Catizen and various other clicker games is undeniable. It brings many eyeballs to the TON ecosystem, but that ecosystem also needs a leading DEX. It looks like StonFi is stepping up. In the past week the cross-chain DEX attracted over 388,470 active wallets. That's an increase of 37% from the previous week. Monthly numbers are even more impressive, reaching over 1 million wallets in 30 days, up 200% from the same time period before.