{"id":33218,"date":"2025-11-10T11:09:55","date_gmt":"2025-11-10T11:09:55","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=33218"},"modified":"2025-12-29T11:43:03","modified_gmt":"2025-12-29T11:43:03","slug":"web3-accelerated-in-october-gaming-defi-and-nft-transaction-volume-surged","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/web3-accelerated-in-october-gaming-defi-and-nft-transaction-volume-surged\/","title":{"rendered":"Web3 Accelerated in October: Gaming, DeFi, and NFT Transaction Volume Surged"},"content":{"rendered":"\n

Blockchain games<\/strong> and decentralized finance (DeFi)<\/strong> remained the most active sectors of Web3<\/strong> in October, despite the total daily active wallets<\/a><\/em><\/strong> decreasing by 3 percent to 16 million, according to a new report from DappRadar<\/strong>.<\/p>\n\n\n\n

Web3<\/a><\/em> games<\/strong> accounted for 27.9% of all decentralized application (DApp)<\/strong> activity last month, achieving its highest share this year. DeFi<\/strong>, meanwhile, maintained a strong engagement of 18.4% despite market price volatility<\/strong> and ongoing regulatory pressure<\/strong>. The most commonly used DApps include Raydium<\/strong>, Pump.fun<\/strong>, Jupiter Exchange<\/strong>, OKX Dex<\/strong>, and PancakeSwap v2<\/strong>.<\/p>\n\n\n\n

Still, the total value locked (TVL)<\/strong> in DeFi<\/strong> fell by 6.3% in October to $221 billion, and by early November, it dropped another 12% to $193 billion due to a broader market decline and regulatory uncertainty<\/strong>. Meanwhile, non-fungible token (NFT)<\/strong> trading increased by 30% in October to $546 million, and rose to 10.1 million transactions<\/strong>, the highest monthly count of 2025.<\/p>\n\n\n\n

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DeFi Took a Hit but Responded<\/strong><\/h2>\n\n\n\n
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DeFi’s<\/strong> decline in October was exacerbated following the October 10 market crash<\/strong>. This crash wiped out nearly $20 billion in leveraged positions<\/strong> on lending platforms<\/strong> and major exchanges.<\/p>\n\n\n\n

The pressure continued as the DeFi protocol Stream Finance<\/strong> suffered a $93 million loss<\/strong> on Wednesday. This situation raised concerns about stablecoin lending risk<\/strong> and led analysts to uncover an additional $284 million in related vulnerabilities<\/strong> across the ecosystem.<\/p>\n\n\n\n

Regulatory uncertainty<\/strong> also put pressure on DeFi<\/strong> in October, with several US Senate Democrats proposing the expansion of Know Your Customer (KYC)<\/strong> rules to non-custodial wallets<\/strong>\u2014a move that critics warned could push DeFi activities abroad.<\/p>\n\n\n\n

On Thursday, major Ethereum stakeholders<\/strong> launched the Ethereum Protocol Advocacy Association (EPAA)<\/strong>. Leading DeFi foundations<\/strong> such as Aave<\/strong>, Uniswap<\/strong>, Lido<\/strong>, Curve<\/strong>, and The Graph<\/strong> united to coordinate policy efforts and ensure decentralized infrastructure<\/strong> is represented in crypto regulations.<\/p>\n\n\n\n

Also on Thursday, the modular oracle network<\/strong> RedStone<\/strong> launched Credora<\/strong>, a DeFi-focused risk rating platform<\/strong> designed to increase transparency<\/strong> and credit assessment<\/strong> across lending protocols.<\/p>\n\n\n\n

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