AI-fueled DApps went parabolic in Q3 2024, taking the blockchain ecosystem on a wild ride. DappRadar’s October 8 report is out, and it’s got heads spinning. Daily unique active wallets (UAWs) catapulted 70%, hitting 17.2 million—no small feat. But the real kicker? AI-powered DApps accounted for 4.3 million daily wallets, a blistering 71% jump. Yeah, AI is no longer just lurking—it’s driving.
DIN and Alaya AI are leading the charge, shuffling through the pack like pro traders in a meme coin bull run. But don’t let that fool you—DeFi got caught slipping, and the NFT scene? Well, let’s just say it’s not what it used to be.
DIN Cracks One Million, Alaya Keeps It Steady While DeFi Stumbles
Data Intelligence Network (DIN) launched just in April 2024, but this bad boy’s already bringing in 1 million daily UAWs. AI is making big moves, and DIN’s just riding the lightning. Then there’s Alaya AI—steady as a rock with its 100,000 wallets cruising along. Both have locked down the scene, but while they’re mooning, DeFi’s looking a bit sad.
TVL in DeFi fell from $168 billion to $160 billion, with Ethereum getting hit the hardest. It dropped 20%, falling down to $95 billion. But, as always, some chains just don’t play by the same rules. Sui and Aptos, the new kids on the block, showed up and flexed, both pulling off a 78% gain in TVL. $1.6 billion for Sui, $1.3 billion for Aptos. They don’t sleep.
NFTs in Freefall, OpenSea Keeps Sailing
But if DeFi’s taking a breather, NFTs are flat-out rekt. Trading volume plummeted 60%, down to $1.6 billion. NFT sales dropped by 23%, leaving only 11.5 million units on the table. But somehow, OpenSea keeps sailing through the storm. It grabbed $570 million in trading volume, leaving everyone else scrambling.
Blur saw an epic dump, losing 78% of its volume after cutting those juicy airdrop rewards. And Magic Eden? Yeah, their royalty cut left creators ghosting. The Bitcoin Ordinals hype ran out of gas too, leaving Magic Eden looking even more like yesterday’s news.
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