Crypto Market Shows Resilience Despite Crypto Winter


The crypto winter has not harmed at least one industry niche. The cryptocurrency market is facing one of its most brutal crypto winters, marked by a sustained drop in digital asset prices and the failure of major crypto companies, as well as high-profile cases of hacks and heists.

Nonetheless, a recent report from blockchain data and analytics firm DappRadar suggests that the industry may not be in such a gloomy state, as it has shown remarkable resilience and maturity amid the crypto winter.

According to DappRadar’s 2022 Industry Report, decentralized applications (dApps) usage has skyrocketed despite the bearish market conditions.

The dApp industry saw a 50% year-on-year increase in its daily unique active wallets (dUAW), rising from 1.58 million in 2021 to 2.37 million in 2022. This growth can be attributed to increased acceptance among consumers and businesses, as well as increased investor interest.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.