Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

Tomasz Tunguz, managing partner of Red Dot Ventures, recently shared a set of data at DuneCon 2022, showing that in the bear market cycle, the data in the Web3 field generally fell by 40% to 70% from the peak, but development activities continued to be active; And the sluggish active user data shows that the spring of Web2 application entrepreneurs has quietly arrived.

First of all, there are only 2.5 million daily active wallet addresses in major public chains, indicating that the popularity of Web3 still has a long way to go. Without users, these chains are not even the Web, let alone the third generation of the Internet (Web3). This is also the main reason why many exchanges and public chain ecosystems are actively looking for traffic-based Web3 products recently. Practical entrepreneurs who have delivered millions of DAU products in the Web2 era will be very popular in the Web3 field. In particular, we see an unrivalled advantage for Asian entrepreneurs in consumer product innovation and user growth. Growth Hacking, the way Web2 products operate, will return to the center of the spotlight. Web3, traffic is still king.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

Active users on centralized exchanges dropped to 93.2 million. Surprisingly, the largest number of active users was Crypto.com, not Binance.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

Trading volume on centralized exchanges, in the case of Coinbase, is down 60% from its high.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

In stark contrast, the number of active wallet addresses on the decentralized exchange DEX has declined, but not dramatically.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The number of DEX independent buyers also increased by 5.5% quarter-on-quarter, albeit with high volatility.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

However, the trading volume of DEXs has fallen by 90% since June.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The amount of a single transaction dropped from $8,000 to $1,400.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The NFT market has cooled, with trading volumes down 97% from this summer’s highs.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

NFT trading volume on EtherChain accounts for 90% of the market.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The Ethereum Layer 2 chain L2 is on the rise, accounting for 30-40% of the Ethereum ecological trading volume.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

Their transaction fees account for less than 2%.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The number of weekly active developers across the chain has dropped by only 15% to about 5,000.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

But developer activity has remained relatively stable, with 300,000 smart contracts still deployed per month.

Recent Web3 data: The spring of Web2 application entrepreneurs has quietly arrived

The bear market should be built, which can be seen in the activity of developers and the deployment of smart contracts.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/recent-web3-data-the-spring-of-web2-application-entrepreneurs-has-quietly-arrived/
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