New trending NFT Collections, Dapps That Saw Increase in User Base & DappRadar API powering Binance Research

Gm Web3 explorers,

With crypto prices going up, we’ve also seen an increase in on-chain activity. Even though dapp usage always remains independent from crypto prices, an increase in crypto prices brings more eyeballs to the blockchain ecosystem. DeFi platforms see an increase in token swaps, as investors want to seize their opportunities, at the same time games with earning mechanisms can see an increase in usage, as the actual usage suddenly can become more profitable. What’s more, dapp developers keep building and this week we’ve seen various high profile dapps, NFT collections and ecosystems reveal big news for their respective communities.?

Now we all see the price of crypto going up, but let’s not forget that this is just a few opportunistic days early in the new year. There’s still an economic recession looming, pushed by inflation, war and post-pandemic issues. Nonetheless it’s amazing to see the blockchain industry flourish, let’s take a look at all the green we’ve seen this week.?

– Robert Hoogendoorn, Head of Content at DappRadar

Various dapps see serious increase in user base

• The leading decentralized exchange Uniswap has seen 36% more Unique Active Wallets connecting with its platform. The Total Value Locked in its smart contracts seemingly was hardly impacted by the activity, suggesting that users mostly swapped tokens.
• Bridging protocol Stargate Finance made big moves, doubling the value locked in its smart contracts. This suggests that more users move their tokens from one chain to the other, using Stargate.
• The growth isn’t limited to DeFi dapps, and isn’t solely dependent on market sentiment. When dapp developers launched new features, they can bring in new users or reignite their existing community. The Web3 fitness application Sweat has seen a 99.99% increase in its user base over the past week. The dapp launched new initiatives, giveaways and challenges, while also revamping their mobile app.

• Also in gaming we see increased activity. Axie Infinity grew its weekly on-chain wallets 11.8% to more than 41 thousand Unique Active Wallets. They launched their Season 2 and updated their Mavis Hub interface.

New NFT Collections find success?

The positive sentiment in the crypto market doesn’t necessarily reflect increased trading activity for NFT collections. The moment crypto goes up in value, the base price to purchase an NFT often also increases. Therefore, arguably, price volatility isn’t a good moment to purchase NFTs. Yet still, the positive sentiment in the market does reflect on the launch of new NFT collections.?

• This week The Captainz launched, which is an NFT collection belonging to Memeland. This ecosystem comes from the mind of the founders of 9GAG, making sure that there’s quite a big community behind it.? Over the past 7 days The Captainz has seen $13.99 million in trading volume, giving it the second spot in the Top NFT Collections charts.
• Mutant Hound Collars also did very well, doubling its number of trades. This collection did $5.99 million in trading volume.
• While BasedHeads from SuperMassive launched this week and reached 10th place thanks to $4.05 million in trading volume from 10,857 traders.
• With the release of feetpix.wtf the NFT community also - once again - showed their passion for ridiculousness. This collection did more than 21,000 trades in the past 7 days, good for $1.43 million in trading volume.?

Play-to-earn out of favor as blockchain games focus on gameplay

According to a report from the Blockchain Game Alliance, game developers in the Web3 space no longer focus solely on play-to-earn mechanics. Their recent report indicates that gameplay has become much more important for developers, and that means we can possibly expect higher quality games launching within the blockchain space. You can read the full report here.?

More Web3 industry news

• Binance Research uses the DappRadar API to superpower its reports about blockchain industry and the activity on BNB Chain in particular.
• Cardano will soon launch EVM sidechains, allowing organizations to set up their own chain compatible with Ethereum (EVM) and Cardano.
• The upcoming Tribeca Film Festival - which is quite a big deal in the film industry - will sell VIP passes as NFTs.
• Gala Games is looking to bring a lot more utility to their GALA token, and announced support for the token in their games (Town Star and Mirandus), as a gas token on their own blockchain, and in their Gala Music and Gala Film ecosystems. They even suggest making the token deflationary. Most prominently, they acquired a mobile game studio and will bring their games into Web3.
• Fewocious, a young NFT artist from the United States, revealed the first trailer for Fewos. Fewocious had his big breakthrough in 2021, placing him among the most prominent artists in the digital art space.
• NFT marketplace OpenSea announced support for Arbitrum Nova, adding another blockchain ecosystem to its platform.?

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