Algorand Q3 2024 Brief
Key InsightsNew addresses on Algorand grew by 63% QoQ, from 0.8 million to 1.3 million, driven by the Coinbase Learning Rewards program.Algorand’s DeFi TVL increased by 12% QoQ, rising from…
Key InsightsNew addresses on Algorand grew by 63% QoQ, from 0.8 million to 1.3 million, driven by the Coinbase Learning Rewards program.Algorand’s DeFi TVL increased by 12% QoQ, rising from…
Key InsightsLaunched in Q3’24, the IoTeX 2.0 upgrade provides decentralized infrastructure, public goods, and governance tools to support the full lifecycle of DePIN projects.Activity on the IoTeX Network surged after…
Key InsightsImmutable zkEVM saw continued growth in Q3’24, with daily active addresses surging 79% QoQ, driven by ongoing gaming partnerships such as MARBLEX, new game launches like Space Nation, and…
Key InsightsAlthough TVL measured in USD dropped 47% in Q3, TVL in ARCH reached an all-time high in September, peaking at 89.7 million ARCH.Contract calls held steady with a total…
Key InsightsRevenue reached a record of $304,000 (+73% QoQ) due to a rise in GPU demand and higher costs spurred by deployments of resource-intensive AI models like Meta’s Llama 3.1.…
Key InsightsApeCoin DAO committed over $86 million to fund governance proposals in Q3 2024, a 1007.54% QoQ increase in funding.AIP-454, accounting for 88% of committed funds, awarded ~$76 million to…
TLDR ETH price surpassed $3,400, marking a new monthly high with a 35% increase in the past week Positive funding rates indicate strong buyer demand and market confidence Technical support…