Algorithmic market maker Wintermute also succumbed to a $160 million exploit during the same period. DappRadar listed the $190 million Nomad exploit in August as a significant contributor to the $461 million worth of crypto assets stolen in Q3. The theft of cryptocurrency assets was also highlighted once again, with blockchain bridges still being targeted. Yuga Labs-owned NFT projects dominated the market in September, with Otherside, Bored Ape Yacht Club, Mutant Ape Yacht Club and CryptoPunks accounting for 46.21% of the entire NFT market cap.
Related: Blockchain gamers surge as users attempt ‘stacking crypto’ - DappRadar The NFT trading volume totaled $2.71 billion during the third quarter, which still marks a significant 67% drop from Q2 2022. The number of nonfungible token (NFT) trades increased by 11% from the second quarter of 2022 while Ethereum’s NFT trading volume was down by a large margin of 76%. ImmutableX saw its unique active wallets grow by 30% during the same time period and recorded an 87% growth in nonfungible tokenNFT trading volume from the previous quarter, while Polygon followed a similar trajectory, seeing its unique active wallets increase by 17% to 148,000. The blockchain gaming sector contributed significantly, with unique wallet addresses increasing by 8% from August to September. Ethereum continues to account for the bulk of TVL, with $48 billion locked in smart contracts.ĭappRadar also highlights a 12% increase in unique active wallets across the cryptocurrency ecosystem quarter-on-quarter, adding up to 1.8 million. The decentralized finance space also showed signs of consolidation, with the total value locked (TVL) in the space increasing by 2.9% in the third quarter to $69 billion. Third-quarter data reflected an 8.5% increase in the total crypto market cap from July to the end of September 2022. The report also highlights a slight recovery in the overall cryptocurrency market capitalization, which still sits below the $1 trillion mark.
A third-quarter industry report from DappRadar citing on-chain metrics suggests cryptocurrency markets are showing signs of recovery from ongoing bearing market conditions.Ī number of factors played their part in a busy third quarter of 2022, with Ethereum’s Merge marking a successful shift to proof-of-stake having a notable influence on layer-2 activity before the event.
0 kommentar(er)
