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Q3 on-chain report: Stablecoin daily active addresses exceed 400,000, DeSocial begins to emerge

Q3 on-chain report: Stablecoin daily active addresses exceed 400,000, DeSocial begins to emerge

CointimeCointime2023/11/03 07:48
By:Cointime

Web3 development platform QuickNode and digital asset data platform Artemis jointly released the "Third Quarter On-Chain Report". The report found that the activity related to stablecoins on the blockchain network has significantly increased. Stablecoins have become the most popular category, with an average daily active address (DAA) of over 400,000 at the end of the third quarter, as measured by DAA. The report pointed out that driven by the friend.tech trend, DeSocial has begun to emerge with the release of viral products, and the potential of Web2-scale social applications will overturn the current adoption level. Development activity only remains strong on Optimism's OP Mainnet, indicating that developers believe that EVM extension solutions are the key issue to be solved in the near future. According to investment data, the future trend shows that games and artificial intelligence products will be the areas with the largest development in the blockchain ecosystem in the coming years. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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