KEYTAKEAWAYS
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Total Value Locked In DeFi Reaches $118.05B
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Cryptocurrency Total Market Cap Drops 13.46% in One Month
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9 Blockchain Games Exceed 200,000 Daily UAW
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27 Projects Raise $193.8 Million
CONTENT
Welcome to CoinRank Daily Data Report. Cryptocurrency Total Market Cap Drops 13.46% in One Month. 9 Blockchain Games Exceed 200,000 Daily UAW. 27 Projects Raise $193.8 Million.
TOTAL VALUE LOCKED IN DEFI REACHES $118.05B
On January 13th, the total value locked (TVL) across all DeFi networks reached $118.05B. Ethereum has 1,267 protocols with a TVL of $64.75B, accounting for 54.72% of the total market share. Other public chains with TVL exceeding $5B include Solana, Tron, Bitcoin, and BSC.
Source: DefiLlama
Analysis:
While TVL across various blockchain ecosystems experienced significant pullbacks over the past week, it has stabilized in recent days. Several DeFi projects have recently launched on chains like Base and Arbitrum, raising expectations for a new wave of on-chain transaction growth.
CRYPTOCURRENCY TOTAL MARKET CAP DROPS 13.46% IN ONE MONTH
The total cryptocurrency market capitalization decreased from $3.79T to $3.28T, declining by 13.46% over a month. On-chain analyst Ali posted on X that over the past month, capital inflow into the cryptocurrency market decreased by 56.70%, dropping from $134 billion to $58 billion, indicating a significant reduction in investment activity.
Source: CoinMarketCap
Source: X
Analysis:
The total cryptocurrency market cap appears to be in a downward trend. The encouraging news is that it’s not currently at its lowest point for the past month. Major cryptocurrencies have shown very little volatility in recent days, and after a period of stability, the possibility of a rebound is relatively high. However, investors should still focus on risk management, especially with newly listed coins.
9 BLOCKCHAIN GAMES EXCEED 200,000 DAILY UAW
According to DappRadar data, World of Dypians reached 865,400 daily active wallet addresses, while LOL had 612,000 daily active wallet addresses. Treasure Ship Game had 485,800 daily active wallet addresses. Age of Dino and MEET48 Golden Spike followed, both exceeding 300,000 daily active wallet addresses.
Source: DappRadar
Analysis:
UAW (Unique Active Wallets) is the main indicator for measuring a game’s popularity. However, only 15 games have UAW exceeding 100,000, showing a clear gap compared to Web2 games. The main factors limiting blockchain game development include high technical barriers, poor user experience, and low market acceptance. These factors restrict the popularization and development of blockchain games, keeping them in a marginal position in the gaming market. In terms of balancing decentralization and performance, some Layer 2 projects are enabling significant development in GameFi.
27 PROJECTS RAISE $193.8 MILLION
In the past week, 27 blockchain startups raised a total of $193.8 million in funding. Among them, VOOX secured the highest amount of $50 million. Projects like Rena Labs and ZKcandy received angel or seed round funding.
- VOOX is an AI-driven trading platform. VOOX raised $50 million from Pinnacle Venture Capital in a funding round.
- Rena Labs is a verifiable AI platform based on Trusted Execution Environment (TEE) abstraction stack. Rena Labs raised $3.3 million in a Pre-seed round from Paper Ventures, Lightspeed Faction, Eterna Capital, Lyrik Ventures, Mapleblock Capital, Selini Capital, and Keyrock.
- ZKcandy is a Layer 2 (L2) blockchain solution tailored for gaming and entertainment applications. It raised $4 million in a Seed round from Wemix, Animoca Ventures, The Spartan Group, Presto Labs, Flowdesk, Lecca Ventures, and Efficient Frontier.
Analysis:
In recent funding activities, the AI sector has been very active, showing that the capital market sees great potential in the combination of Web3 and AI. In the new wave of technological innovation, the convergence of AI, IoT, and Web3 technologies is becoming an undeniable force. The development and maturation of these three technologies have made their integration possible, bringing new possibilities to our lives.
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