According to Dappradar, games and NFTS are the driving force behind Dapps in the third quarter -

According to Dappradar, games and NFTS are the driving force behind Dapps in the third quarter -

blockchain-based games and NFT trade were the driving force behind the introduction of DAPP in the third quarter, according to the Defi Inight platform Dappradar. In his DAPP Industry Report: Q3 2021 Overview, Dappradar finds that the importance of these new activities in the crypto industry has increased dramatically, which makes the area more diversifiable and competitive. Defi also got a thrust because platforms like Solana and Terra tire to record more projects.

Dappradar: NFTS and Play-to-Eearn were the key in the third quarter

NFTS and Play-to-Eearn games were very important for the industry in the last quarter, according to the DAPP Industry Report: Q3 2021 Overview by Dappradar. The report The sector has exceeded traditional decentralized apps in unique active wallets, proof of the popularity of this tools.

The play-to-ear movement attracted more than 754,000 daily active wallets in the third quarter, which offer more activity than other more established decentralized financial protocols. This increase is partly the product of Axie Infinity's market slump in the last quarter, a blockchain game, which already stirred more than $ 1.6 billion. The NFT sector also recorded unprecedented growth and increased its value by 704%compared to the previous quarter

diversification is the key

The reason for all this boom in previously ignored or marginalized sectors in the industry has to do with the direction that the market has taken and gives diversification value. This is the opinion of Modesta Jurgelevičienè, Head of Finance & Research at Dappradar, who said:

if I would summarize Q3 in a word, it would be "diversification". The Play-to-Eearn movement became an important driver in this area, NFTS turned to greater benefits and secured record volumes, and the defi area became much more interesting and competitive with Solana and Terra.

In general, the market gave the market at that time when prices stagnated. The blockchain sector was able to expand overall and recorded growth of 25 % in the quarterly comparison and 509 % in the annual comparison.

While Ethereum is the undeniable market leader on the defi market, two blockchains have entered the room by force. Solana achieved $ 8.28 billion TVL in this quarter, an increase of a whopping 1,300% compared to the last quarter. Also, Terra has slowly obtained from the introduction of protocols such as Anchor, which offers 20% apy towards StableCoin inserts. Terras TVL is $ 8.09 billion, an increase of 137% compared to the last quarter.

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