Q1 2024 Blockchain Ecosystem Review: Innovations and Trends Shaping the Future of Web3 - FinanceFeeds
Q1 2024 Blockchain Ecosystem Review: Innovations and Trends Shaping the Future of Web3 FinanceFeeds
Significant growth has been observed in the stablecoin sector, with a notable 42% quarterly increase in user activity, driven by factors like the approval of a spot Bitcoin ETF and an anticipated Bitcoin halving event. The resurgence of DeFi, dubbed “DeFi Summer part 2,” saw a 291% increase in user activity, buoyed by renewed optimism and innovative protocols despite regulatory challenges.
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