Blockchain video games and decentralized finance (DeFi) remained probably the most lively sectors of Web3 in October, regardless of the whole each day lively wallets lowering by 3 p.c to 16 million, in accordance with a brand new report from DappRadar.
Web3 video games accounted for 27.9% of all decentralized utility (DApp) exercise final month, reaching its highest share this 12 months. DeFi, in the meantime, maintained a powerful engagement of 18.4% regardless of market value volatility and ongoing regulatory strain. Essentially the most generally used DApps embody Raydium, Pump.enjoyable, Jupiter Trade, OKX Dex, and PancakeSwap v2.
Nonetheless, the whole worth locked (TVL) in DeFi fell by 6.3% in October to $221 billion, and by early November, it dropped one other 12% to $193 billion because of a broader market decline and regulatory uncertainty. In the meantime, non-fungible token (NFT) buying and selling elevated by 30% in October to $546 million, and rose to 10.1 million transactions, the best month-to-month depend of 2025.
DeFi Took a Hit however Responded
DeFi’s decline in October was exacerbated following the October 10 market crash. This crash worn out almost $20 billion in leveraged positions on lending platforms and main exchanges.
The strain continued because the DeFi protocol Stream Finance suffered a $93 million loss on Wednesday. This case raised issues about stablecoin lending danger and led analysts to uncover an extra $284 million in associated vulnerabilities throughout the ecosystem.
Regulatory uncertainty additionally put strain on DeFi in October, with a number of US Senate Democrats proposing the enlargement of Know Your Buyer (KYC) guidelines to non-custodial wallets—a transfer that critics warned may push DeFi actions overseas.
On Thursday, main Ethereum stakeholders launched the Ethereum Protocol Advocacy Affiliation (EPAA). Main DeFi foundations akin to Aave, Uniswap, Lido, Curve, and The Graph united to coordinate coverage efforts and guarantee decentralized infrastructure is represented in crypto laws.
Additionally on Thursday, the modular oracle community RedStone launched Credora, a DeFi-focused danger ranking platform designed to extend transparency and credit score evaluation throughout lending protocols.
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