Blockchain gaming and decentralized finance (DeFi) remained probably the most energetic sectors in Web3 in October, regardless of a 3% decline in complete every day energetic wallets to 16 million, in accordance with a brand new report from DappRadar.
Web3 gaming accounted for 27.9% of all decentralized utility (DApp) exercise over the previous month, its highest share of the yr, whereas DeFi maintained stable engagement at 18.4%, regardless of market volatility and ongoing regulatory strain.
Essentially the most broadly used DApps embody Raydium, Pump.enjoyable, Jupiter Change, OKX Dex and PancakeSwap v2.
But, the overall worth locked (TVL) in DeFi fell 6.3% in October to $221 billion and dropped one other 12% in early November to $193 billion, because of broader market decline and regulatory uncertainty.
In the meantime, buying and selling of non-fungible tokens (NFTs) rose by 30% in October to $546 million, reaching 10.1 million transactions — the best month-to-month rely of 2025.
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DeFi takes a success however respondsÂ
DeFi’s October downturn was compounded by the Oct. 10 market crash, which worn out about $20 billion in leveraged positions throughout lending platforms and main exchanges.Â
The strain continued when DeFi protocol Stream Finance suffered a $93 million loss on Wednesday, elevating considerations about stablecoin credit score publicity and prompting analysts to uncover one other $284 million in associated vulnerabilities throughout the ecosystem.
Regulatory uncertainty additionally weighed on DeFi in October after a number of US Senate Democrats proposed extending Know Your Buyer (KYC) guidelines to non-custodial wallets, a transfer critics warned may drive DeFi exercise offshore.
On Thursday, main Ethereum stakeholders launched the Ethereum Protocol Advocacy Alliance (EPAA), uniting main DeFi foundations, together with Aave, Uniswap, Lido, Curve and The Graph, to coordinate coverage efforts and be certain that decentralized infrastructure is represented in crypto regulation.
Additionally on Thursday, the modular oracle community RedStone launched Credora, a DeFi-focused danger rankings platform designed to boost transparency and credit score evaluation throughout lending protocols.
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