In Q1 2025, the dapp industry maintained its strength despite a mild dip in activity. Although the crypto market had solid momentum leading up to Trump’s presidency, sentiment shifted quickly afterward and ended up triggering a decline in asset prices. Historically, such downturns reduce user engagement with decentralized applications. Still, daily unique active wallets (dUAW) […]
In the fourth quarter of 2024, the total NFT sales volume across Immutable X and Immutable zkEVM increased by 55.3% quarter-over-quarter. Messari’s latest analysis revealed that the figure rose from $51.2 million to $79.5 million. Market Participation Plummets Despite this growth, both the average daily sellers and buyers declined significantly, with daily sellers dropping 43.0% […]
The non-fungible token (NFT) market appears to have lost out on significant gains in the past year despite a broader rally in the digital asset industry. In fact, the NFT market faced its weakest performance since 2020 in the year 2024. NFTs Face Major Setbacks in 2024 According to DappRadar’s latest edition of ‘Dapp Industry […]
OpenSea, one of the most prominent NFT marketplaces, has experienced a significant downturn in its overall business operations due to several factors, including low engagements in the sector. Over the past few months, some top employees have left the company to work elsewhere as the firm’s troubles continued to pile up. With a significant reduction […]