CandleFocus DeFi Passes Gaming in October To Become Top Sector in the Decentralized App Market: DappRadar
2024-11-09
Author: Content Editor
According to market intelligence firm DappRadar, decentralized finance (DeFi) has surpassed gaming to become the top sector in the decentralized app (DApp) space. DeFi now accounts for 34.5% of overall DApp activity, compared to 24.5% for gaming and 17.7% for non-fungible tokens (NFTs). DeFi saw 7.4 million average daily unique active wallets in October, making it the most dominant sector in the DApp space for the first time since early 2019. Total value locked (TVL) in DeFi also saw a 3.5% increase in October, reaching $165 billion. Additionally, the sector raised $100 million last month, highlighting strong market confidence.
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