85% of DeFi users are riding the NFT wave, with US collectors leading the front

85% of DeFi users are riding the NFT wave, with US collectors leading the front
фото показано с : cryptoslate.com

2021-8-14 13:00

Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021.

The company’s blockchain user behavior report revealed that 85% of DappRadar’s decentralized finance (DeFi) users have interacted with NFTs, signaling a new wave of interest and growing adoption.

Defi geographics 

The Defi industry is growing incredibly fast, with several dapps and use cases getting created daily and, according to DappRadar’s data, the US appears to be the country most interested in the sector, followed by Brazil, with Asia generating a strong interest as well. 

“Binance Smart Chain (BSC), Polygon, and Ethereum are well represented by China, India, and Russia respectively, driving a good amount of usage. However, Thailand stands out as the country garnering the most interest in this sector,” read the analysis, while reflecting on geographical trends, stating that “it is quite encouraging to see large population countries like Brazil and Thailand being involved,” as they can easily boost the mass adoption. 

The new NFT wave

“According to DappRadar’s portfolio tracking tool, 85% of our DeFi users have also interacted with NFTs. Compared to May, these figures represent a 10% increase, supporting the trend that NFTs have gained popularity over the last two months,” read the report, revealing the new wave of interest in NFTs, which, according to the company’s recent numbers, has been spreading beyond the DeFi user base. 

“The US appears to be the most interested in NFT collectibles and marketplaces as well, but with a higher margin in respect to other countries,” according to the report, which reflected on the predictability of the trend, since the country traditionally belongs to the top markets for all types of collectibles.

As per DappRadar’s data, Indonesia stands out in Asia, while Russia and India also appear to be interested in NFTs, though to a lesser degree than they are in DeFi.

“The play-to-earn economic thesis is supported by emerging economies; gaming dapps traffic is led by the Philippines, followed by India, Brazil, Venezuela, and interestingly the United States,” read the gaming space analysis. 

The NFT market analysis also revealed that collections have become more adopted over time. 

Bored Apes Yacht Club surfaced as the most distributed among the top five Ethereum (ETH) collections, since it currently has more than 5,100 unique owners, with only 4% of the collection being owned by the top five wallets.

The analysis revealed that the whale concentration index is way higher for CryptoPunks at 9% and Avastars at 21%, however, the last two months’ data suggests an increase in total holders.

The post 85% of DeFi users are riding the NFT wave, with US collectors leading the front appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Decentralized Machine Learning (DML) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0009581 (-100%)

users tracks decentralized applications dapps across acquisition

users tracks → Результатов: 24


Фото:

South American Bitcoin Trading is Surging Despite Price Volatility

Heightened market volatility has failed to dampen enthusiasm throughout South America, as bitcoin trading volumes in Venezuela, Brazil, Chile, and Colombia continue to soar. Venezuela Trades Record Bolivars For Bitcoin Data from monitoring resource Coin Dance, which tracks trading across three decentralized P2P platforms, confirmed the new all-time high record this weekend.

2019-7-15 15:00


Alluva Partners With Refinitiv, Improves Cryptocurrency Insights And Analysis For Long-Term Institutional Investment

Alluva, a blockchain-based product that tracks sentiment data collected from millions of crypto users across the globe to generate actionable research and data for institutional, startup, cryptocurrency, and retail investors, recently announced their partnership with global financial market leader, Refinitiv.

2019-3-27 09:22


Фото:

Indonesia Follows Venezuela With Giant Localbitcoins Bitcoin Trading Surge

Indonesia Bitcoin traders have fled cryptocurrency exchanges to Localbitcoins in the week the government enacted anti-money laundering regulations for the industry. Volume Up 300 Percent In A Week Data from Coin Dance, which tracks weekly Localbitcoins volumes in various markets, confirms a huge spike for the seven days ending February 16.

2019-2-18 13:00


Augur Users Down 90 Percent Since July Launch

Augur, an open source oracle and prediction market protocol built on the Ethereum blockchain, has seen a serious dip in users since it first launched in July, according to data from DappRadar. A chart on the site’s dedicated Augur page–which tracks tweets, the amount of Ethereum being traded on the app and the number of […] The post Augur Users Down 90 Percent Since July Launch appeared first on CryptoSlate.

2018-9-21 10:00