{"id":603744,"date":"2024-04-18T00:00:50","date_gmt":"2024-04-18T00:00:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603744"},"modified":"2024-04-17T18:26:21","modified_gmt":"2024-04-17T18:26:21","slug":"defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","title":{"rendered":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report"},"content":{"rendered":"

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period.\u00a0<\/span><\/p>\n

Hopes For Second ‘DeFi Summer’\u00a0<\/span><\/h2>\n

Per the <\/span>report<\/span><\/a>, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base.\u00a0<\/span><\/p>\n

This resurgence has sparked growing hopes of a second ‘DeFi Summer,’ as DeFi projects embrace new concepts such as staking, liquid staking, restaking, and liquid restaking, which have been catalysts for its growth. Notably, staking now represents a substantial portion of DeFi’s Total Value Locked (TVL).<\/span><\/p>\n

While stablecoins remain the top spot for address activity, DeFi surpassed stablecoins in an essential metric: transaction counts.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Says Don\u2019t Buy Altcoins Just Yet \u2013 Here\u2019s Why<\/a><\/div>\n
\"DeFi\"
DeFi’s transaction count rose during Q1. Source: QuickNode<\/a><\/figcaption><\/figure>\n

DeFi emerged as the leader in transactions for Q1’24, averaging nearly 7 million daily transactions. Furthermore, DeFi led in fees spent, gas usage, and the overall number of projects despite comprising only approximately 4% of the<\/span> total crypto market cap<\/span><\/a>.<\/span><\/p>\n

The TVL for yield-generating protocols within DeFi witnessed steady growth, climbing from $26.5 billion in Q3’23 to $59.7 billion in Q1’24. According to QuickNode, this rally signifies a return of confidence and liquidity to the DeFi markets as investors seek opportunities for yield generation.<\/span><\/p>\n

Players Take Control With Web3 Gaming<\/span><\/h2>\n

In parallel, Web3-based gaming has emerged as a significant departure from conventional gaming platforms. By leveraging cryptocurrencies and non-fungible tokens (NFTs), Web3 gaming offers players new and decentralized gaming.\u00a0<\/span><\/p>\n

Players now have the opportunity to actively participate in games and earn rewards, shifting control away from centralized entities within the <\/span>gaming ecosystem<\/span><\/a>.<\/span><\/p>\n

The report highlights the growth of Web3 gaming, surpassing stablecoins in transaction volume and achieving the highest year-over-year (YoY) active address growth across all categories, with a 155% increase in active addresses during Q1 ’24.\u00a0<\/span><\/p>\n

This surge in player engagement and participation is evident through the exponential growth of transactions within Web3 gaming, which experienced a staggering 370% YoY increase.<\/span><\/p>\n

The Appeal Of Stablecoins<\/span><\/h3>\n

Although stablecoins continue to lead in daily active users, representing over 41% of all Web3 user activity, other categories have shown higher quarter-over-quarter (QoQ) activity growth, indicating potential catch-up.\u00a0<\/span><\/p>\n

Tether’s USDT remains the dominant stablecoin, controlling approximately 75% of the market cap. Notably, Circle’s USDC has taken the lead in volume and average<\/span> transaction size<\/span><\/a>, partly due to Coinbase’s efforts to integrate USDC on its platform and promote its use on its Layer 2 network, Base.<\/span><\/p>\n

Related Reading: Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report<\/a><\/div>\n
\"DeFi\"
USDC’s transaction size uptrend during Q1. Source: QuickNode<\/a><\/figcaption><\/figure>\n

In addition, the report notes that stablecoins have proven attractive to both new and experienced users, offering stability and value predictability, especially during periods of market uncertainty.<\/span><\/p>\n

QuickNode attributes the surge in stablecoin user activity in Q1’24 to several factors, including the approval and listing of spot Bitcoin ETFs in the US, the anticipation of Bitcoin’s next <\/span>Halving event<\/span><\/a>, the devaluation of fiat currencies, the popularity of low-volatility assets, and the strength of the USD, to which over 90% of stablecoin transactions are anchored.<\/span><\/p>\n

\"DeFi\"
The daily chart shows the total crypto market cap’s valuation at $2.1 trillion. Source: TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period.\u00a0 Hopes For Second ‘DeFi Summer’\u00a0 Per the report, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base.\u00a0 This resurgence has sparked growing hopes of a second ‘DeFi Summer,’ as DeFi projects embrace new concepts such as staking, liquid staking, restaking, and liquid restaking, which have been catalysts for its growth. Notably, staking now represents a substantial portion of DeFi’s Total Value Locked (TVL). While stablecoins remain the top spot for address activity, DeFi surpassed stablecoins in an essential metric: transaction counts.\u00a0 Related Reading: Crypto Analyst Says Don\u2019t Buy Altcoins Just Yet \u2013 Here\u2019s Why DeFi emerged as the leader in transactions for Q1’24, averaging nearly 7 million daily transactions. Furthermore, DeFi led in fees spent, gas usage, and the overall number of projects despite comprising only approximately 4% of the total crypto market cap. The TVL for yield-generating protocols within DeFi witnessed steady growth, climbing from $26.5 billion in Q3’23 to $59.7 billion in Q1’24. According to QuickNode, this rally signifies a return of confidence and liquidity to the DeFi markets as investors seek opportunities for yield generation. Players Take Control With Web3 Gaming In parallel, Web3-based gaming has emerged as a significant departure from conventional gaming platforms. By leveraging cryptocurrencies and non-fungible tokens (NFTs), Web3 gaming offers players new and decentralized gaming.\u00a0 Players now have the opportunity to actively participate in games and earn rewards, shifting control away from centralized entities within the gaming ecosystem. The report highlights the growth of Web3 gaming, surpassing stablecoins in transaction volume and achieving the highest year-over-year (YoY) active address growth across all categories, with a 155% increase in active addresses during Q1 ’24.\u00a0 This surge in player engagement and participation is evident through the exponential growth of transactions within Web3 gaming, which experienced a staggering 370% YoY increase. The Appeal Of Stablecoins Although stablecoins continue to lead in daily active users, representing over 41% of all Web3 user activity, other categories have shown higher quarter-over-quarter (QoQ) activity growth, indicating potential catch-up.\u00a0 Tether’s USDT remains the dominant stablecoin, controlling approximately 75% of the market cap. Notably, Circle’s USDC has taken the lead in volume and average transaction size, partly due to Coinbase’s efforts to integrate USDC on its platform and promote its use on its Layer 2 network, Base. Related Reading: Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report In addition, the report notes that stablecoins have proven attractive to both new and experienced users, offering stability and value predictability, especially during periods of market uncertainty. QuickNode attributes the surge in stablecoin user activity in Q1’24 to several factors, including the approval and listing of spot Bitcoin ETFs in the US, the anticipation of Bitcoin’s next Halving event, the devaluation of fiat currencies, the popularity of low-volatility assets, and the strength of the USD, to which over 90% of stablecoin transactions are anchored. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":603745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89419,428,532,6664,1558,54512,89420,91363,90122,85656,86402,89255,84673,91365,90107,91364],"class_list":["post-603744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-base-defi","tag-bitcoin","tag-bitcoin-etf","tag-crypto","tag-cryptocurrency","tag-defi","tag-defi-news","tag-defi-web3","tag-gaming-web3","tag-stablecoin-inflow","tag-stablecoin-market-cap","tag-stablecoin-news","tag-web3","tag-web3-defi","tag-web3-game","tag-web3-news"],"acf":[],"yoast_head":"\nDeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report<\/title>\n<meta name=\"description\" content=\"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report\" \/>\n<meta property=\"og:description\" content=\"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T00:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-17T18:26:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"463\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report\",\"datePublished\":\"2024-04-18T00:00:50+00:00\",\"dateModified\":\"2024-04-17T18:26:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\"},\"wordCount\":608,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260\",\"keywords\":[\"Base DeFi\",\"bitcoin\",\"Bitcoin ETF\",\"crypto\",\"cryptocurrency\",\"DeFi\",\"DeFi news\",\"DeFi Web3\",\"gaming web3\",\"Stablecoin inflow\",\"Stablecoin market cap\",\"Stablecoin news\",\"Web3\",\"Web3 DeFi\",\"web3 game\",\"Web3 news\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\",\"url\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\",\"name\":\"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260\",\"datePublished\":\"2024-04-18T00:00:50+00:00\",\"dateModified\":\"2024-04-17T18:26:21+00:00\",\"description\":\"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260\",\"width\":463,\"height\":260,\"caption\":\"DeFi\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/ktsl888.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report","description":"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","og_locale":"en_US","og_type":"article","og_title":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report","og_description":"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.","og_url":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-04-18T00:00:50+00:00","article_modified_time":"2024-04-17T18:26:21+00:00","og_image":[{"width":463,"height":260,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report","datePublished":"2024-04-18T00:00:50+00:00","dateModified":"2024-04-17T18:26:21+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/"},"wordCount":608,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","keywords":["Base DeFi","bitcoin","Bitcoin ETF","crypto","cryptocurrency","DeFi","DeFi news","DeFi Web3","gaming web3","Stablecoin inflow","Stablecoin market cap","Stablecoin news","Web3","Web3 DeFi","web3 game","Web3 news"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","url":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","name":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","datePublished":"2024-04-18T00:00:50+00:00","dateModified":"2024-04-17T18:26:21+00:00","description":"Q1 2024 showed the dominance of DeFi and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","width":463,"height":260,"caption":"DeFi"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/ktsl888.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report","url":"http:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["base defi","bitcoin","bitcoin etf","crypto","cryptocurrency","defi","defi news","defi web3","gaming web3","stablecoin inflow","stablecoin market cap","stablecoin news","web3","web3 defi","web3 game","web3 news"],"dateCreated":"2024-04-18T00:00:50Z","datePublished":"2024-04-18T00:00:50Z","dateModified":"2024-04-18T00:00:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/defi-and-web3-gaming-dominate-q1-record-transactions-leave-stablecoins-in-the-dust-report\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/shutterstock_download-7-16.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/shutterstock_download-7-16.jpg?fit=463%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"base defi\",\"bitcoin\",\"bitcoin etf\",\"crypto\",\"cryptocurrency\",\"defi\",\"defi news\",\"defi web3\",\"gaming web3\",\"stablecoin inflow\",\"stablecoin market cap\",\"stablecoin news\",\"web3\",\"web3 defi\",\"web3 game\",\"web3 news\"],\"dateCreated\":\"2024-04-18T00:00:50Z\",\"datePublished\":\"2024-04-18T00:00:50Z\",\"dateModified\":\"2024-04-18T00:00:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/shutterstock_download-7-16.jpg?fit=463%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/603744"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=603744"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/603744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/603745"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=603744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=603744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=603744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}