Cryptocurrency is on the way to strengthening

Cryptocurrency is on the way to strengthening

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by dapp_writer005

4 years ago

Cryptocurrency is on the way to strengthening

The third quarter of the current 2022 was marked by the entry of the crypto market on the path of strengthening. Based on the information, DappRadar changes were observed in September. The main event of the 3rd quarter is the revival of Ethereum and the transition to Proof-of-Stake. At the moment, the capitalization of the crypto market does not exceed $ 1 trillion, even if we take into account the fact that investors have become more active. From July to September 2022, the price of the cryptocurrency fell by 8.5%. Primary signs of recovery were found only at the end of September.

The DeFi market has also managed to build resilience after spikes in May and June.

Experts believe that DeFi protocols have concentrated digital assets worth $69 billion, over the last 3 months this amount of funds has grown by almost 3%.

Ethereum remains the leader in the list of blockchains with more DeFi projects. The price of monetary assets in protocols on ETH at the end of September was more than $48 billion. The number of active wallets in the crypto industry increased in Q3 by 12% to 1.8 million, compared to April-June. Games have made a significant investment in the evolution of the blockchain industry. The number of unique participants in the reporting period increased by 8%.

The NFT market showed little development thanks to the use of ImmutableX and Polygon. The number of mints with NFT collections have increased by 11%. Projects on Ethereum eventually have become the most successful.

The volume of NFT sales in the 3rd quarter was $2.71 billion. The value of a mint, compared with the previous quarter, fell by 67%.

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