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DappRadar reported an increase in blockchain activity in an April report

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DappRadar is back with the April edition of its deeply informative blockchain report. At this point, Solana highlights the unprecedented growth of the network, the return to the NFT, and the rise of the Terra Network, while prominent collections such as Moonbirds and OtherDides steal the show. Read on for the April low performance in the blockchain sector.

Moonbirds and Solana send NFT

Despite reports against large publications, NFTs have seen an increase in activity over the past month. As a result, non-fungible tokens appear in April Trading volume over 6 6 billion Only for the third time in history. Among these incredible statistics, market leader OpenSea generated $ 3.4 billion worth of transactions, while the gorgeous start-up, LooksRare, made an impressive $ 2.5 billion.

Solana’s strong rise also continued unabated, recording a staggering 91% growth based on March figures. Much of this is due to the openness of the network and the popularity of the NFT collection, All right, Bears And DeGods. As a result, দক্ষ 300 million NFTs traded on highly efficient blockchain networks. However, success at the end of the month was slightly clouded due to a seven-hour disruption due to heavy bot traffic on the Metaplex candy machine.

A large part of the revival of the NFT industry can be found in a specific set of pixelated owl collections. For example, utility heavy moonbirds have seen incredible levels of activity. Since the launch, it has been mind-boggling to see half a billion dollars in trading volume. As a result, being 11M The most traded NFT collections have been recorded, all in less than a month’s operation.

Other work causes chaos in the blockchain

Elsewhere in the Ethereum blockchain, another project has sent shockwaves through the industry. Board App Creator, Yug Labs, has dropped the most anticipated project in the blockchain era. As a result, the introduction of 55k Otherdeed land plots for its bespoke NFT ecosystem caused widespread chaos in the process.

Once the dust settled, Yug took the labs মূল্য 340 million worth $ APE Coins as payment, as well as secondary sales royalties are about $ 21 million. The drop, however, left a bitter taste for many, as gas fees rose above 2.5 ETH per transaction, topping a total of 56 ETH ($ 150m). As a result, Ethereum miners are sent to fit the ecstasy.

In addition, casual collectors who have seen the drop have been hit the hardest, with failing transactions recording a drop of around 14k, which is about $ 4.5 million in fees. However, Yug Labs has promised to refund all the fees to the victims.

Terra asserts her DEFI dominance

As DeFi continues to struggle in today’s unpredictable market, key blue-chip protocols continue to see their TVL shrink. As a result, the market fell a total of 12% in April, currently sitting at about $ 198 billion.

Even so, Terra’s Defy presence in the industry has grown an impressive 15%, while raising its TVL to 29 29 billion, in stark contrast to DeFi’s overall trajectory as a whole, in addition to being followed by many smaller, lesser ones. Protocols used such as NEAR, Cronos and Aurora.

Blockchain games where magic happens

Blockchain continues to be a major driving force in the enhanced video games industry. Many thanks for their interactive and fun nature. As a result, more than 50% of the existing Unique Active Wallet (UAW). Among the chains involved, BSC, Polygon, Wax and Hive see the lion’s share of all activity. When, both Snowfall and Harmony Has made significant gains in the last 30 days.

Of the games managed in the sphere, most of the top titles retain their position on the blockchain gaming leaderboard. However, both Axie Infinity and Crazy Defense Hero have lost ground to their competitors.

Monetization of daily life

An interesting field of wave-making in blockchain comes as a gamification of lifestyle interactions. Therefore, users are being rewarded financially for their daily lives. Currently, the walk-to-earn platform is led by Stepn Pack, offering NFT sneakers that then track activity through an app so owners can earn that GST by walking, jogging and running.

Following in its footsteps, many extra daps will see it put to use Move to earn mechanic. As a result, Fitfi, Genopets, Dustland, Dotmoovs and many more are likely to make an impact in the near future.

So, NFT is fine, and there’s no need to panic. As the industry develops, expect more innovation and diversity as developers discover new and innovative ways to use incredible technology.

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* All investment / financial opinions published by NFT Plaza come from the personal research and experience of our site moderators and are intended as educational material only. Individuals need to do thorough research on any product before making any kind of investment.



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