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According to the analysis of DappRadar data, blockchain dapp activity increased significantly after the FTX meltdown. In particular, transactions on the ethereum chain increased from US$7.18 billion on 7 November to US$23.47 billion on 10 November. dapps in the DeFi space saw an increase in activity across all blockchains, from 1.46 million transactions on 7 November to over 2.2 million on 10 November. However, the total value locked in the DeFi sector fell from US$5,193 million to the current US$4,233 million as a result of the FTX hit. Users moved money away from risky projects, with Solana doubling its UAW 1-3 times in the last 7 days. In addition, the NFT sector saw an increase in trading volumes, with the number of traders on Magic Eden increasing by 89% to 92,181 in the 7 days and trading volumes surging by 402% to over $29 million in the same period. 120,148 users traded on Opensea in the last 7 days, up 5.6% year-on-year.

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【Data: DeFi increases transaction volume by 740,000 in 7 days】According to the analysis of DappRadar data, blockchain dapp activity increased significantly after the FTX meltdown. In particular, transactions on the ethereum chain increased from US$7.18 billion on 7 November to US$23.47 billion on 10 November. dapps in the DeFi space saw an increase in activity across all blockchains, from 1.46 million transactions on 7 November to over 2.2 million on 10 November. However, the total value locked in the DeFi sector fell from US$5,193 million to the current US$4,233 million as a result of the FTX hit. Users moved money away from risky projects, with Solana doubling its UAW 1-3 times in the last 7 days. In addition, the NFT sector saw an increase in trading volumes, with the number of traders on Magic Eden increasing by 89% to 92,181 in the 7 days and trading volumes surging by 402% to over $29 million in the same period. 120,148 users traded on Opensea in the last 7 days, up 5.6% year-on-year.

Data: DeFi increases transaction volume by 740,000 in 7 days

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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