According to DappRadar data analysis, after the FTX thunderstorm event, blockchain dapp activity increased significantly. Of this, on-chain transactions on Ethereum increased from $7.18 billion on Nov. 7 to $23.47 billion on Nov. 10.
dapps in the DeFi space saw increased activity across all blockchains, from 1.46 million transactions on Nov. 7 to over 2.2 million on Nov. 10. But hit by FTX, the total value locked in the DeFi sector dropped from $5.193 billion to the current $4.233 billion.
Users move funds from risky projects, with Solana doubling UAW 1-3 times in the past 7 days. In addition, the transaction volume in the NFT space has increased, with the number of traders in Magic Eden increasing by 89% to 92,181 in the last 7 days, and the transaction volume during the same period has surged by 402% to exceed $29 million. Opensea has 120,148 users transacting in the past 7 days, a year-on-year increase of 5.6%.