Binance Q3 report calls crypto market ‘challenging’ amid high interest rates

Nonfungible token (NFT) sales continued their slide. September was the worst month for NFT sales considering that January 2021 at around $300 million. The average list price that month was $38.17, below a high of $791.84 in August 2021. However, transactions with NFTs were up total in spite of a sharp slump in September. Video gaming tokens led the way in NFT sales, despite the fact that they were likewise the loss leaders in cost with a 44.9% decrease QoQ. Less than 28% of Web3 video games have gone live. Googles choice to permit NFTs in the video games on its Play Store might give the marketplace new inspiration, Binance said. Sweat Economy and SuperWalk have taken the 2nd and 3rd places, respectively, by unique active wallets, revealing increased interest in move-to-earn video games. Cryptocurrency cost efficiency in Q3 2023. Source: BinanceSix of the leading 10 coins saw increases this year. Solanas SOL (SOL) had the very best showing, up 113.73%, and TON debuted on the list, down 3.11%. Bitcoin (BTC) is up 63.05% up until now, and Ether (ETH) is up 39.9%. BNB (BNB) had actually lost 12.77% by the end of Q3 2023. Publication: Ethereum restaking: Blockchain development or unsafe home of cards?

It saw a boost of about 120% QoQ. Related: Q3 2023 crowned most damaging quarter for crypto amid $700M losses: ReportTotal worth locked (TVL) dropped 13.1% across decentralized financing despite an influx of real-world assets, while liquid staking saw a 10.5% increase. Ethereum was the leading blockchain with 55.1% of TVL, despite an 18.6% decline.

It saw an increase of about 120% QoQ. Related: Q3 2023 crowned most damaging quarter for crypto in the middle of $700M losses: ReportTotal value locked (TVL) dropped 13.1% throughout decentralized financing despite an increase of real-world possessions, while liquid staking saw a 10.5% increase. Ethereum was the leading blockchain with 55.1% of TVL, despite an 18.6% decrease. Solanas SOL (SOL) had the best proving, up 113.73%, and TON debuted on the list, down 3.11%. Bitcoin (BTC) is up 63.05% so far, and Ether (ETH) is up 39.9%.