gm Web3 explorers,

Welcome to the Industry Newsletter, where we provide an overview of relevant news from the dapp industry. Let's gooo! 📡💙

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📡On Your Radar: Industry headlines

🔵 Real-world assets are on the rise, and their value increased 11% over the past week. According to token tracker CMC, the value of RWA tokens now sits at $76 billion. DappRadar reports a $14 billion valuation, based on the dapps tracked by the platform.

🟦 $23,000 bounty to return $2.4 million in stolen funds from K9 Finance, a leading DeFi hub on Shibarium. K9 Finance sent an onchain message to the bridge hacker.

🔷 Onchain collateral could be the future for lending, according to Fabian Dori from digital asset bank Sygnum. The 24/7 availability of assets will make loaning much easier, said Dori. Aave V3 is the biggest DeFi hub in the lending category with a TVL of $40.9 billion.

🔵 Prediction platform Polymarket is looking to re-enter the US market with a $10 billion valuation. In June the company reached a $1 billion valuation. CEO Shayne Coplan confirmed the 'green light' last week. Polymarket attracted over 60,000 active wallets last week.

☠️ PancakeSwap accused of insider winners at lottery

PancakeSwap is being accused of running an unfair trading lottery, as a big chunk of the $250,000 prize pool went to linked wallets. Random winners were not so random, according to Cointelegraph. Wallets simply traded tokens until the threshold was met, and then moved the BNB to a new wallet to repeat the process. 'Half of the 1,700 winning wallets are part of connected clusters'.

PancakeSwap has two versions live. V2 attracts the most wallets (826k in 30 days), responsible for $60 billion in dapp volume. While PancakeSwap V3 attracts 604k wallets, and did $76 billion in dapp volume. When it comes to the total value locked in both DeFi platforms, there's hardly any difference. V2 has $1.25 billion stored, while V3 has $1.12 billion.

PancakeSwap has a leading position in the BNB Chain ecosystem. It's by far the most popular DEX on the network. However, they have not responded to the accusations.

Explore PancakeSwap V2

👉 New MMORPG: 7,360 active wallets in debut week

MMORPGs traditionally bring in hundreds of thousands of gamers. Last week ChronoForge launched as Web3-powered MMO, but so far the numbers don't live up to the expectations. ChronoForge is available in Early Access through the Epic Games Store, but with only 7,360 active wallets, the numbers aren't impressive. Yet, the numbers are going up, and this week may paint a completely diffierent picture.

Using DappRadar's PRO member features: Looking at the smart contracts for ChronoForge, the MMO has 99% of the activity on one particular smart contract, which is part of the check-in process. The numbers suggest that each wallet logged into the game twice, on average.

The second most popular smart contract is one for in-app purchases. Users 'Spend ETH' in two amounts: 0.0012 ETH or 0.0069 ETH. That's $6 and $32 based on current prizes. Suggesting these are in-game purchases.

As adoption grows, more functionalities for ChronoForge will be powered by the blockchain. ChronoForge has various NFTs on Ethereum, but its general contracts all exist on Abstract.

Discover smart contracts for ChronoForge

📡 PRO Membership: 30K $RADAR now for only $55

In a time when numbers like 6-7 and 41 are memes, we suggest people meme up 30k or 55. Because the PRO membership only costs you 30,000 $RADAR, or $55.

But hey, it's not even costing you money. Instead of paying, you STAKE the 30,000 $RADAR. This means that you're getting a 15% APY on your staked $RADAR tokens. You stake 300,000 $RADAR? Fine, you will also get 15% on that!

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Check out what you get for 30K

💥 $MOODENG back in the spotlight after 80% gains

Memecoin $MOODENG, named after the popular baby hippopotamus that went viral last year, has stepped back into the spotlight. The memecoin climbed from $0.14 towards and beyond $0.22, and now settled down at $0.19 per coin.

Traditional memecoins like $SHIB, $DOGE and $PEPE can't share the same value increases. For example, Shiba Inu only gained 11% in the past 7 days, while Dogecoin increased its value by 30%. With 16% gains $PEPE also falls short.

However, $FARTBOY gained 80% during the same time frame, increasing the token's market cap to almost $25 million. Memecoins are always volatile, and thankfully you can explore popular (new) smart contracts on Base with the DappRadar PRO membership and the Hot Contracts feature. So, you don't HAVE TO miss out, but you could be working in the trenches to find the next memecoin that may see massive gains.

Explore and buy memecoins

🔥 New idle game does 1,160 transactions per wallet

POW! is a new idle game available for iOS and Android devices, powered by Starknet. The game is currently among the dapps with the highest average amount of transactions per wallet. In the past 7 days, the dapp did 1,160 transactions per wallet.

POW! is meant as a fully onchain idle game, in which players click to build an empire. The app utilizes AVNU Paymaster to sponsor user transactions on Starknet. With over 250,000 transactions in week, this means that the dev team sponsored approximately $100 in gas fees on the cheap to use L2 network.

An incentive to play? You may wonder. Well yes, of course. Simply by clicking, you can win STRK. You need to complete the game and 'Prestige' it, and you need to compete with other players.

Start clicking to earn STRK