gm Web3 explorers,

Amidst the market volatility, perpetual exchanges on the blockchain keep growing. At the same time an NFT marketplace for tokenized assets keeps growing. Get hyped, let's gooo! 📡

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Industry news headlines

🍵 The Bank of England is thinking about a stablecoin framework, and is now inviting feedback. They want to finalize the process in 2026. (source)

🪦 Faruk Fatih Ozer, the founder of the defunct Turkish crypto exchange Thodex, was found dead in his jail cell last week. His $2 billion crypto scam changed crypto laws in Türkiye. Ozer has been in jail since July 2023, and served a 11,000-year sentence. (source)

📒 Ledger is considering to be listed on the New York stock exchange after revenues hit triple-digit millions in 2025. In 2023 the company had a $1.5 billion valuation, but revenue has increased a lot since then. (source)

☠️ Balancer has made a last appeal to the hackers behind their $120 million exploit, which happened last week. The ultimatum is simple: return the funds and receive a bounty, or face the legal consequences. (source)

💎 Crypto startup Commonware has raised $25 million to scale blockchain-payments for every day activities. The investment round was led by Tempo, the stablecoin chain supported by Stripe. (source)

💰 Analysts at JPMorgan value bitcoin as cheap, when compared to gold. They expect lots of upside for the leading cryptocurrency in the months to come. (source)

🔥 Decentralized perpetual trading platforms are now responsible for 26% of all the volume. HTX Ventures highlights that in 2023 it was only 2.7%, which means 10x growth in less than 2 years. Hyperliquid, Aster and Lighter play a major role in this success. (source)

😍 Virtual idol app MEET48 makes massive comeback

MEET48, a social app about virtual idols, has seen its weekly numbers pump 7,908% to 425,590 unique active wallets in the past week. However, none of the wallets were new users, according to data from DappRadar. Since last week, the team launched the Best7: Stage of Light event, introducing new idols, features and social events.

MEET48

🦄 Crypto hurting, but Uniswap is thriving

Decentralized exchange Uniswap V3 is reaping the rewards right now. Despite a downwards market trend, the exchange managed to grow its dapp volume by 17% in the past week to $23.98 billion. That's more than any other decentralized finance protocol.

Even $UNI has been going up only in the past week, growing 18% in the past 24 hours and 32% over the past week. The token currently has a value of $7.14.

Explore Uniswap

DappRadar metrics: Discover dapps through data

🏆 Courtyard - from all NFT marketplaces, Courtyard is the only one seeing serious growth. The number of traders increased 114% to more than 33,000, while sales count is up 7% this week to 339,520 sold collectible cards.

🥈 Anichess - Chess gaming platform Anichess has their $CHESS TGE coming up, but it also systematically attract true chess players. Activity up 500% this week.

🥉 Loaded Lions: Mane City - grew its audience 1,398% to 1,640 wallets thanks to the launch of a new tutorial for their city building game.

➡️ Harkan - a cyberpunk free-to-play gaming platform on Soneium, which attracted 177 unique wallets in the past week and did over 2,000 transactions.

➡️ The Machines Arena - attracting 150,000 wallets per day, 150,000 unique wallets per week, and 150,000 wallets per 30 days. Number of new wallets? 1. A botted project? Possibly, but you be the judge on that.

🏆 Bit Hotel pushes SKALE Network to a 3rd place

In the past 30 days, SKALE Network has seen its dapp volume increase by 742% to more than $123 million. This places the network above Etherlink, opBNB and Ronin. However, Sei and Starknet have seen over $7 billion in dapps volume during the same period.

Most volume on Starknet comes from decentralized financial services, and on Sei it's the same thing. DeFi dapps generated the volume, while gaming dapps attract the user activity.

SKALE Network is different, because the dapps volume comes mainly from Bit Hotel. The app did $117 million in volume since October 15th. Since then consistently $4 million up to $5 million in volume per day. Wagered game modes and the promise of an airdrop play a serious role here.

Discover Bit Hotel

🐧 Only Lil Pudgys managed to grew their volume

In the past 7 days, only 2 NFT collections have managed to grow their trading volume. Anonymous Telegram Numbers remain in high demand, growing volume 91% to $1.95 million. However, there's a real use case there.

When it comes to Lil Pudgys, there's a different story. These are community membership assets and part of the Pudgy Penguins community. Where the main Pudgy collection saw its volume drop 18% to $5.5 million, Lil Pudgy's grew 52% to $2.95 million.

A little pudgy now sells for $2,490.

Which Pudgy would you buy?

🕹️ Games to play and earn in November and December

We've updated our Play to Earn Crypto Games list with new projects to follow this month. In this article you will find games like the risk-to-earn game Cambria, the cute idle game Slime Miner, tactical game OverKnights, and the Bored Ape metaverse project Otherside.

See the full list

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