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๐Ÿš€ Q1 2024 saw a 77% surge in dApp activity, with a whopping 7M daily active users! ๐ŸŽ‰ Bitcoin also reached an all-time high, soaring above $73k. ๐Ÿ“ˆ This growth is largely thanks to the approval of U.S. spot Bitcoin ETFs, pushing BTC to new heights. NFTs also saw renewed interest, with daily users doubling from 2022 to 2023. ๐ŸŽฎ Web3 gaming continues to dominate, holding a 30% share and attracting 2.1M daily unique wallets. Top performers? Gods Unchained, Axie Infinity, and Arena of Faith. ๐Ÿ“ฑ But watch out! The social vertical saw a 324% surge in active wallets in Q1 2024, hinting at a new trend in the industry. โš ๏ธ Despite the growth, security challenges persist. Q1 2024 saw a loss of $407M due to hacks and exploits, with Ethereum accounting for 57% of total losses. ๐Ÿ’ฌ What do you think about this growth? Any predictions for Q2? Let's chat in the comments! #Web3 #DeFi #DAO #Layer2

๐Ÿš€ Q1 2024 saw a 77% surge in dApp activity, with a whopping 7M daily active users! ๐ŸŽ‰ Bitcoin also reached an all-time high, soaring above $73k.

๐Ÿ“ˆ This growth is largely thanks to the approval of U.S. spot Bitcoin ETFs, pushing BTC to new heights. NFTs also saw renewed interest, with daily users doubling from 2022 to 2023.

๐ŸŽฎ Web3 gaming continues to dominate, holding a 30% share and attracting 2.1M daily unique wallets. Top performers? Gods Unchained, Axie Infinity, and Arena of Faith.

๐Ÿ“ฑ But watch out! The social vertical saw a 324% surge in active wallets in Q1 2024, hinting at a new trend in the industry.

โš ๏ธ Despite the growth, security challenges persist. Q1 2024 saw a loss of $407M due to hacks and exploits, with Ethereum accounting for 57% of total losses.

๐Ÿ’ฌ What do you think about this growth? Any predictions for Q2? Let's chat in the comments! #Web3 #DeFi #DAO #Layer2

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๐Ÿš€ Despite April's crypto dip, layer-2 networks saw a surge in developer activity, showing strong faith in these projects. According to Santiment's analysis of non-redundant GitHub activity, Optimism led the pack with 541.33 commits, a whopping 146% more than the next project. ๐Ÿ“ˆ Starknet, Arbitrum, Cartesi, Immutable X, and Skale Network followed, all showing high dev activity despite token value drops. MintLayer, Polygon, MetisDAO, and Mantle rounded out the top ten. ๐Ÿ‘‡ What's your take on these layer-2 networks? Are they the future of DeFi? Share your thoughts below! #DeFi #Layer2 #CryptoNews
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๐Ÿš€Coinbase Q1 2024 earnings are out, and they're stellar! ๐Ÿ’ฐ Revenue hit $1.6B, up 72% QoQ. ๐Ÿ“ˆ The boost? Rising crypto prices and the launch of spot Bitcoin ETFs in the U.S. ๐ŸŽ‰ Net income reached $1.18B, $4.40/share, translating to $1B in adjusted EBITDA. ๐Ÿ”ฅ Coinbase's Ethereum Layer2 chain, Base, raked in $56.1M in revenue since its launch. ๐Ÿ‘€ Consumer transaction revenue doubled to $935.2M, and volume mirrored this, growing 93% to $56B. ๐Ÿฆ Coinbase's custodial services revenue jumped 64% to $32M, thanks to the launch of spot Bitcoin ETFs. ๐Ÿ“Š Bitcoin accounted for a third of consumer and institutional transactions. ๐Ÿ—ฃ๏ธ What's your take on these numbers? Share your thoughts below! #CoinbaseEarnings #CryptoNews
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๐Ÿ“ˆ๐Ÿš€ Ethereum's price is showing bullish signs after a dip below $4,000. The crypto is climbing back above $3,000, hinting at a potential breakout. - Daily chart shows ETH making lower highs and lows in a descending channel. - However, it's now testing the midline of the channel. - A successful recovery could lead to a breakout and a run towards $4,000. The 4-hour chart paints a clearer picture: - ETH has just broken through the $3,000 resistance zone. - With the RSI above 50%, a push towards the $3,600 resistance area is likely. Sentiment analysis reveals: - Following a price drop, many futures traders have liquidated or reversed their long positions. - This has cooled down the futures market, which could be a bullish sign. - Low but positive funding rates suggest demand is still there and a price rally could be imminent. What are your thoughts on ETH's price action? ๐Ÿค”๐Ÿ’ฌ #Ethereum #CryptoNews #DeFi
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๐Ÿš€ Bitcoin's been on a wild ride, folks! Bulls are back in the game, pushing BTC above $60K. But will it stick? Let's dive in! ๐Ÿ“‰๐Ÿ“ˆ - BTC's been bouncing around in a descending channel for a while now. Had a brief scare with a bearish breakout, but it's back in the channel and aiming for $68K. - The 4-hour chart shows a quick recovery and the midline of the channel is up next. But watch out for a possible pullback with the RSI nearing the overbought zone. - Miners aren't panicking, though. The Miners Position Index (MPI) is dropping, which means less selling pressure. So, what's next? If demand holds up, we could see BTC rallying towards $80K. Let's chat in the comments! What's your BTC prediction? #Bitcoin #DeFi ๐Ÿš€๐ŸŽฏ
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๐Ÿš€ Block, led by Jack Dorsey, is all in on Bitcoin! ๐Ÿ’ฐ They're investing 10% of BTC product profits into monthly Bitcoin purchases. Here's why: โ€ข Dorsey sees Bitcoin as the future native currency of the internet, making transactions quicker and easier worldwide ๐ŸŒ โ€ข Block aims to make Bitcoin more usable for everyday transactions, solving the original problem Satoshi Nakamoto outlined in the Bitcoin white paper ๐Ÿ“ โ€ข It's not just about tech, it's about economic empowerment and unlocking new opportunities for customers and shareholders alike ๐Ÿ™Œ Plus, Block is building Bitcoin mining hardware, and their Q1 2024 revenue beat Wall Street estimates by 3.54%! ๐Ÿ“ˆ What do you think about Block's Bitcoin commitment? Let's chat in the comments! #Bitcoin #Block #Web3
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