This is the second part of this article. Here is the first part.
Let’s continue discovering more info about this crypto market.
1) Axie Infinity’s Active Users
In keeping with its success among blockchain games, Axie Infinity has a high daily active user count—about 68,000 people play it. It overtakes platforms like Metamask, thus emphasizing that games remain attractive on Web3.
Among other reasons why Axie Infinity is popular is its play-to-earn approach. You earn while playing games. This increases users’ fascination, making it easier for the gaming sector to adopt blockchain technology.
Source: X
2) a16z’s Investment in Daylight Energy
Andreessen Horowitz (a16z) is a top venture capital firm and a significant player in Web3. They invested two months ago and are now back with Daylight Energy. Daylight Energy invests in sustainable and energy-efficient blockchain solutions.
Regulators are scrutinizing Blockchain for its power consumption and carbon footprint, but daylight Energy could be the answer to it all.
Source: X
3) Animoca Ventures’ Portfolio
Hundreds of games, DeFi, and NFT projects are part of more than 400 companies in Animoca.
Animoca’s investment approach in Web3 is broad, supporting innovations from entertainment to finances. Their active involvement shows that they believe the Blockchain can improve many industries.
Source: X
4) Top Treasuries in Crypto
The crypto treasury of different protocols gives us a glimpse into their finances and reserves. For example:
- Mantle has an immense treasury large enough to support its operations and development.
- Uniswap, a leading DEX, has a big treasury to fund ecosystem growth and innovations.
- Golem Project, which focuses on decentralized computing, has close to $500 million.
- Merit Circle, part of the gaming sector, has $375 million. These big treasuries not only mean financial stability but also adequate resources.
In a volatile market, these projects will thrive. Investing in big treasuries leads to long-term growth, giving investors confidence. Another example is Polkadot:
Source: X
5) TVL and ZK Rollup Leaders
As always in DeFi, TVL is king, and this marks the first time a layer two based on OP Stack has surpassed Optimism by TVL. Where people and money go, a path to greener pastures may lie.
Another example is Scroll, which is taking the lead with other ZK rollups due to an upcoming airdrop. In this context, ZK rollups are a way to scale Ethereum while preserving privacy and security. ZK Rollups would be interesting right out of the gate. You could have a huge advantage if it grows and gains more adoption, with Scroll as the leader.
Source: X
These are new ways to look at the crypto market, whether you recently joined the space or consider yourself an expert. Use this article to explore the crypto market.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
