{"id":30701,"date":"2024-10-09T01:00:51","date_gmt":"2024-10-08T22:00:51","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30701"},"modified":"2024-10-08T23:16:25","modified_gmt":"2024-10-08T20:16:25","slug":"blockchain-activity-increased-by-70-percent-in-q3-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blockchain-activity-increased-by-70-percent-in-q3-2024\/","title":{"rendered":"Blockchain Activity Increased by 70 Percent in Q3 2024"},"content":{"rendered":"<p>Blockchain activity surged by 70% in the third quarter of 2024, largely driven by a significant rise in AI-related decentralized applications (DApps), according to a recent report by DappRadar. Daily unique active wallets (UAWs) hit a record 17.2 million, with AI applications alone accounting for 4.3 million UAWs, marking a 71% increase in their usage during the period.<\/p>\n<p>Key AI DApps such as Data Intelligence Network (DIN) and Alaya AI led this growth. DIN, a modular data pre-processing platform launched in April 2024, reached 1 million daily UAWs, while Alaya, a data collection and labeling platform, maintained stable activity at around 100,000 wallets.<\/p>\n<p>However, the decentralized finance (DeFi) sector saw a decline, with the total value locked (TVL) dropping from $168 billion to $160 billion. Ethereum&#8217;s TVL also fell by 20% to $95 billion. In contrast, layer-1 blockchains Sui and Aptos emerged as top performers, each achieving a 78% rise in TVL, reaching $1.6 billion and $1.3 billion, respectively.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<p>The non-fungible token (NFT) industry, meanwhile, experienced a significant downturn, with trading volumes plummeting by 60% to $1.6 billion. NFT sales also dropped 23% to 11.5 million. While OpenSea saw a rebound, leading in sales and trading volume with $570 million, Competitors like Blur and Magic Eden faced sharp declines due to diminishing airdrop incentives and changes in royalty structures. Additionally, the hype around Bitcoin Ordinals, which had fueled activity on Magic Eden, faded significantly.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain activity surged by 70% in the third quarter of 2024, largely driven by a significant rise in AI-related decentralized applications (DApps), according to a recent report by DappRadar. Daily unique active wallets (UAWs) hit a record 17.2 million, with AI applications alone accounting for 4.3 million UAWs, marking a 71% increase in their usage<\/p>\n","protected":false},"author":6,"featured_media":27766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[192,8953,8954,8955],"class_list":["post-30701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-blockchain","tag-blockchain-activity","tag-dappradar","tag-dappradar-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain Activity Increased by 70 Percent in Q3 2024 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/blockchain-activity-increased-by-70-percent-in-q3-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain Activity Increased by 70 Percent in Q3 2024 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Blockchain activity surged by 70% in the third quarter of 2024, largely driven by a significant rise in AI-related decentralized applications (DApps), according to a recent report by DappRadar. Daily unique active wallets (UAWs) hit a record 17.2 million, with AI applications alone accounting for 4.3 million UAWs, marking a 71% increase in their usage\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/blockchain-activity-increased-by-70-percent-in-q3-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-08T22:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-08T20:16:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-27-09.06.38-A-detailed-horizontal-image-showing-a-magnifying-glass-focusing-on-a-cryptocurrency-candlestick-chart-with-green-and-red-bars.-The-image-is-clear-sha.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/blockchain-activity-increased-by-70-percent-in-q3-2024\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/blockchain-activity-increased-by-70-percent-in-q3-2024\/\",\"name\":\"Blockchain Activity Increased by 70 Percent in Q3 2024 - 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