In this newsletter: 🔥 3 success stories and ❌ 2 projects that got hurt ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
gm Web3 explorers, Blue Monday? We hope this is it, but don't be surprised if more bleeding will happen in the coming weeks. Dow Jones opened to 3.2% lower, while Asian markets dropped like 10%. The crypto market cap dropped 10.6% in the past 24 hours. Amidst all this financial chaos, some DeFi dapps thrive... and those could be the ones to watch! LFG! 📡🔵 |
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💥 HBAR Royale: The Mega Fantasy Clash |
Coinfantasy invites you for the HBAR Royale: The Mega Fantasy Clash, an exciting partnership between Coinfantasy and Hedera. Play games, climb the leaderboard and win prizes! |
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📉 Crypto trading levels up with Ostium |
In the past week, despite the red market, DeFi platform Ostium stands out. The platform allows trading in perpetuals, or perps. It attracted 672% more users, processing more than $12.6 million in volume. That's 45% more thanks to only 1,520 active wallets. Looks like Ostium is growing to become a favorite DeFi platform for savvy crypto traders. This strong performance during a week when the economy is taking an uppercut to its jaw, that's hopeful to see. |
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🎲 Lottery & clicking game thrives in bleeding market |
Crypto traders are always keen on taking a well-educated gamble, and as markets across the world bleed... clicking games, lottery platforms and gambling dapps thrive. Unipoly is one of those example, and has seen 324% growth in the past 30 days. Daily Unique Active Wallets hit an all-time high of almost 22,000 in the past week. |
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😭 Hyperlane and WOOFi see MASSIVE drops in volume |
While dropping crypto prices tends to result in activity on DeFi protocols, there are also some worries. For example, cross-chain protocol Hyperlane saw its volume drop by 87%, while DeFi hub WOOFi recorded a 79% drop in volume. Not all DeFi platforms have seen such drops in volume, but these numbers do say something about the worrying state of the world economy. |
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🤑 SparkLend grows TVL by 57% to $3.34 Billion |
Sparklend is a DeFi protocol that serves as a money market protocol, combining liquidity from Maker and other DeFi protocols all together. The TVL has grown thanks to SPDAI, the DAI stablecoin variant from SparkLend itself. As dynamics shift in the market, some DeFi protocols will find success and more growth. |
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💡 Do NOT forget to vote for your favorite dapp |
The Boosting Cycle is ending on April 16th, so you have one more week to vote for your favorite projects. Stake 30,000 RADAR to become a PRO member, and receive boosting power (BP). You can then apply BP to your favorite projects, and make them climb the Boosted Rankings. |
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🏆 Become a PRO member and receive many benefits |
By staking 30,000 (or more) $RADAR on DappRadar, you become a PRO member. This elite group of users receives all kinds of benefits, including the following: 💰 A juicy APY on your staked tokens. The more you stake, the more you earn. ⚡ Boosting Power equal to the amount of RADAR staked, allowing you to promote (boost) your favorite projects 🛠️ Access to more data points, filters and sorting methods. You can also set custom Alerts for any product category on DappRadar 🔥 Full access to Hot Contracts, allowing you to see token launches and the most popular contracts on any timeframe. 🔽 The ability to download CSV files of dapp data 🏡 Access to exclusive Quests and Airdrop guides on DappRadar 🪂 Exclusive airdrops for partners and DappLaunch participants |
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Have a great day,
DappRadar Team
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