83: State of the Blockchain industry, What happened to Defi, GameFi, Crypto and memecoins in May 2023. A conversation with Blockchain Analyst - Sara Gherghelas

In this episode of Web3 with Sam Kamani episode I am interviewing Sara Gherghelas, Sara is an experienced economist and Web3 Research Analyst. In this podcast episode we talk about what is happening in the world of blockchain and where she sees it going in the future and how to predict trends. Also Sara prepares these extensive reports on what is happening in the blockchain industry.  Key Takeaways from her May 2023’s report are The dapp industry grew by 9.97% in May, reaching an average of 1,967,051 daily unique active wallets (dUAW). Gaming retains a 36% activity share, while DeFi is up to 31%. Stargate Finance was the most used dapp in May, reaching 2.04 million UAW – a 40% increase, crossing $10 billion in lifetime volume. Despite the growing hype and increased adoption of DeFi protocols, the TVL presents a contrasting narrative, experiencing a 4.3% decrease, dropping to $79.16 billion. The NFT market demonstrates resilience, with sales counts remaining robust at 3.6 million despite a 44% drop in trading volume ($675 million). Ethereum holds 80% of the NFT trading volume but only 5.7% of sales, while Polygon leads with 27% of NFT sales and 276,657 traders. Blur maintains a 65% market dominance as the leading NFT marketplace, while OpenSea’s market share stands at 27%.  Users have lost $54 million in crypto from hackers who managed to exploit smart contracts or scam investors in May.    You can read the full report here - https://dappradar.com/blog/may-dapp-industry-report Nothing mentioned in this podcast is investment advice and please do your own research. Finally, I don’t run ads on my podcast. It would mean a lot if you can leave a review of this podcast on ApplePodcasts or share this podcast with a friend. You can follow Sara and DappRadar here Sara:- https://www.linkedin.com/in/sara-gherghelas-a1977554/ DappRadar:- https://dappradar.com/ Join our Web3 Discord community - "https://discord.gg/2eJ7DVGcx6"  Connect with me here - https://twitter.com/samkamani or https://www.linkedin.com/in/samkamani/  Friends of this podcast:- https://www.cookbook.dev/