Q2 Industry Report, Ubisoft in, SEGA out

Gm web3 explorers,

As we crossed the halfway mark of 2023, we're taking stock of the fascinating world of Web3. This week's market sentiment is a diverse mix of triumphs and trials. From the gaming landscape with Ubisoft's blockchain reveal, to the significant $120 million drain from the Multichain bridge, each event contributes to the broader Web3 narrative.

A recent report from DappRadar, "State of the Dapp Industry" for Q2 2023 shows our industry grew 7.97% in daily Unique Active Wallets (dUAW) - but at the same time, there’s still much to build.

Stick with us as we navigate the noteworthy happenings that continue to influence this revolutionary space. Oh, and we picked a Dapp of the Week, continue reading to find out which one won.

LFG!

-- Letícia M.

DappRadar tracks blockchain games, social dapps, DeFi services, metaverse projects and NFT collectibles. Check out the Q2 Industry Report published this week by blockchain analyst Sara Gherghelas.

What happened in Web3

?? 育碧 revealed its next blockchain game, Champions Tactics (View Game)

? SEGA pulled back from blockchain gaming a week after announcing it was in (Bloomberg)

?? Over $120 million were drained from the Multichain bridge (The Defiant)

?? Coca-Cola Serbia and SolSea teamed up to launch branded NFTs (NFT Now)

???? Authorities in Hong Kong announced the creation of a task force dedicated to promoting Web3 development (Decrypt)

?? Binance plunged into crisis as senior execs quit over CEO Changpeng Zhao’s response to Justice Department investigation (Fortune)

???? Bill to exempt foreigners from crypto taxes passed a preliminary reading in Israel (Cointelegraph)

?? Animoca Brands Japan partnered with Weebox, a new brand for Anime and Manga collectibles (NFT Now)

?? BlackRock CEO Larry Fink said he sees bitcoin as 'digitizing gold' (The Block)

Trending dapps and Web3 data this week

• With over 751.26k UAW registered in the past 7 days, Stargate Finance remains the leader of the rankings. Likewise, DeFi and Exchanges are the dominant categories of the Top 10 dapps of the week.
• In the blockchain gaming space, casual mobile games are on fire. Joyride Games Carrom Blitz had a +68% increase in UAW, entering the Top 5 Games of the week. Another highlight of the week goes to PlayEmber on NEAR, which saw a 303% increase in UAW.
• Social dapps continued to grow in numbers this week, with Playbux increasing its number of UAW by 76%, Hooked by 27% and Galxe by 6%. This shows that the popularity gap between the three leading social dapps is getting tighter.
• The NFT space is going through a downturn, with Bored Ape Yacht Club floor price dropping by -51% in the last 7 days. Azuki’s trading volume is also down by -53%, particularly due to the Elementals collection flop. On the other side of the coin, The Captainz, 9gag NFTs revealed this week, closed the week with a positive +65% increase in trading volume. DeGods also had a +17% increase in sales volume and 7% in floor price following a project update.

Dapp of the Week ??

We can only pick one dapp of the week. This dapp grew its user base by 17% this week to almost 27,000. And with the launch of a bridge to BNB Chain, they saw $3.21 million in volume flowing into their smart contracts. Take a guess… Our pick for dapp of the week is… ??

Nine Chronicles ?? Check out this 100% decentralized, open source RPG powered by the players!

DappRadar Updates?

?? We hosted a Twitter Space with the MMO multi-genre gaming metaverse Meta Lordz. Follow us on Twitter

?? On the 4th of July, Leticia Melo wrote the Flash Report Political NFTs Are America’s Next Fundraising Weapon

?? For our PRO members, we updated the overview of the most important dates in Web3. See it here