{"id":120180,"date":"2023-07-10T06:35:05","date_gmt":"2023-07-10T06:35:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/blockchain-gaming-reigns-supreme-amidst-regulatory-turmoil-dappradar-crypto-news\/"},"modified":"2023-07-10T06:35:07","modified_gmt":"2023-07-10T06:35:07","slug":"blockchain-gaming-reigns-supreme-amidst-regulatory-turmoil-dappradar-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blockchain-gaming-reigns-supreme-amidst-regulatory-turmoil-dappradar-crypto-news\/","title":{"rendered":"Blockchain Gaming Reigns Supreme Amidst Regulatory Turmoil: DappRadar\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Regulatory heat on the crypto industry intensified in the last quarter.  Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state.  The blockchain gaming sector, on the other hand, appears to have remained unshaken in the face of the turmoil.<\/p>\n<p>According to a DappRadar report, the gaming category continues to lead as the most dominant, commanding 37% in the entire decentralized applications (dApp) market.  The figure is still down from a 45% market dominance in the previous quarter.<\/p>\n<ul>\n<li>data also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/blog\/state-of-the-dapp-industry-in-q2-2023\" data-wpel-link=\"external\">revealed<\/a> an uptick of nearly 8% in daily Unique Active Wallets (dUAW) engaging with dapps on-chain from Q1, which may be interpreted as an encouraging sign of market recovery.<\/li>\n<li>DappRadar noted,<\/li>\n<\/ul>\n<blockquote>\n<p>\u201cDespite the regulatory turbulence that pervaded the landscape, the digital asset market still thrived, as reflected by the growth of active engagement.\u201d<\/p>\n<\/blockquote>\n<ul>\n<li>A mild resurgence came in the form of meme coin hype and the L2 airdrops hunters, as DeFi&#8217;s dominance soared from 23% to 32%.  However, DeFi protocols witnessed their TVL plummet by more than 7% from the previous quarter reaching $77.6 billion.<\/li>\n<li>The report outlined that the downturn was unexpected and contrasts starkly with the anticipated growth trajectory of the DeFi landscape.<\/li>\n<li>While Ethereum continued to remain in the lead with a marginal 2% decline from the previous quarter, the same cannot be said for the other two leading blockchains \u2013 BNB and Polygon.<\/li>\n<li>Following the SEC lawsuit in early June, BNB suffered a 19% drop in its TVL, marking the most severe contraction among all considered blockchains.  Polygon a;sp witnessed an 8% TVL reduction as a direct impact of the regulator&#8217;s attack.<\/li>\n<li>The NFT market was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/bayc-has-tanked-90-as-nft-collection-floor-prices-plummet\/\" data-wpel-link=\"internal\">Worst<\/a> hit as its trading volume fell by 38% to land at $2.9 billion in Q2.  However, the dip doesn&#8217;t necessarily indicate a waning of market interest or activity, the report specified.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><\/center><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> ,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>,<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &#038; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Regulatory heat on the crypto industry intensified in the last quarter. Facing the brunt are several sectors, including the DeFi and NFT, that demonstrated a troubling state. The blockchain gaming sector, on the other hand, appears to have remained unshaken in the face of the turmoil. According to a DappRadar report, the gaming category continues [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":120181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120180"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120180\/revisions"}],"predecessor-version":[{"id":120182,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120180\/revisions\/120182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/120181"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}