Web3 gaming, DeFi lead sector activity in October despite market decline: Report
Despite a dip in active wallets and DeFi losses, blockchain gaming and decentralized finance continued to drive most Web3 activity last month.
Blockchain gaming and decentralized finance (DeFi) remained the most active sectors in Web3 in October, despite a 3% decline in total daily active wallets to 16 million, according to a new report from DappRadar.
Web3 gaming accounted for 27.9% of all decentralized application (DApp) activity over the past month, its highest share of the year, while DeFi maintained solid engagement at 18.4%, despite market volatility and ongoing regulatory pressure.
The most widely used DApps include Raydium, Pump.fun, Jupiter Exchange, OKX Dex and PancakeSwap v2.