FTX story is yet to reach conclusion, the appetite for Web 3 is still high.
The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient.
The ETH staking yields have increased by over 10.6% in the network’s largest liquid staking service provider – Lido – translating to its highest ever recorded. However, stETH lost its peg to ETH and is currently trading at 0.9883. On the brighter side, the decentralized applications sector keeps going strong despite the FTX scandal. The report revealed that unique active wallets in the industry noted a decline of 11.67% and hit an average of 1.9 million dUAW in November. Contrastingly, the total number of transactions decreased by only 0.28%, reaching 26 million.
Dapp Radar noted that the subsequent meltdown from the now-bankrupt crypto exchange appears to have had little effect on gaming dapps, its UAW skyrocketing on November 10 all the way to 900,000.
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