Blockchain gaming and decentralized finance (DeFi) remained essentially the most energetic sectors in Web3 in October, regardless of a 3% decline in whole day by day energetic wallets to 16 million, in keeping 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 strong engagement at 18.4%, regardless of market volatility and ongoing regulatory stress.
Probably the most extensively used DApps embrace Raydium, Pump.enjoyable, Jupiter Trade, OKX Dex and PancakeSwap v2.
But, the whole worth locked (TVL) in DeFi fell 6.3% in October to $221 billion and dropped one other 12% in early November to $193 billion, due to 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 depend of 2025.
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DeFi takes successful however responds
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.
The stress 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 might 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 sure that decentralized infrastructure is represented in crypto regulation.
Additionally on Thursday, the modular oracle community RedStone launched Credora, a DeFi-focused threat rankings platform designed to boost transparency and credit score evaluation throughout lending protocols.
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