Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on any goods, services or content mentioned in the press release.

In Q2 2024, the crypto market grew by a record 10 million daily active wallets, up 40% from Q1. Social DApps saw a 66% spike in user activity. Decentralized exchanges flourished with meme token trading. NFT marketplaces rebounded to a trading volume of $4 billion.

Despite this growth, DeFi apps lost $7 billion in total value locked (TVL), down 4% from the previous quarter, mainly on Tron and Arbitrum networks. Security remains a concern, with $430 million lost to breaches, primarily affecting Ethereum and BNB Chain.

Meanwhile, new crypto projects in their early stages are capturing the attention of the community as the market continues to grow. This article delves into the reasons behind the rise in crypto’s user base and takes a closer look at emerging pre-sale opportunities.

Crypto Market Surges: Web3 User Base Grows 40%, Reaches 10 Million in Q2 2024

The cryptocurrency market soared to new heights in Q2 2024, driven by a massive spike in Web3 user engagement. The number of daily active wallets increased by 40% from Q1, hitting a record 10 million. This surge signals a broader bullish trend across various sectors of the decentralized application (DApp) industry, marking a major milestone for blockchain adoption and integration.

The social DApp sector saw the most growth, with user activity increasing by a whopping 66%. Apps in this sector played a huge role in this growth, attracting more people to the exciting world of social blockchain applications. Decentralized exchanges (DEXs) also saw a significant increase in user engagement, with some of these platforms seeing user activity increase by 80% and 134%, driven by a new wave of memecoin traders.

NFT marketplaces made a comeback, with trading volumes reaching $4 billion across 14.9 million+ transactions. Certain platforms significantly increased their market share, reflecting the growing interest in digital collectibles. Despite these positive trends, the total value (TVL) in decentralized finance (DeFi) applications fell by $7 billion, a 4% decline from the previous quarter. Tron and Arbitrum networks saw the biggest losses, while some Ethereum Layer-2 solutions posted impressive gains in TVL.

A big driver of this growth is airdrop farming, where users participate in activities to obtain free tokens. This trend has helped boost daily active wallets, but its long-term sustainability is still uncertain. Recent airdrops from certain projects in June played a major role in the surge. The report highlights that to sustain this growth, platforms need to provide excellent user experiences, have solid development plans, and have strong, dedicated teams to keep things running smoothly.

Despite the growing user base and increased activity, security remains a major concern in the Web3 world. In Q2 2024 alone, there were $430 million in losses due to security breaches, a 5% increase from the previous quarter. Ethereum and BNB Chain were hit the hardest, accounting for around 28% of incidents each. Other networks such as Solana, Polygon, and Arbitrum also faced security issues, demonstrating the need for better security measures across the board.

Minotaurus ($MTAUR): Reap the Potential of Crypto and Gaming

As the crypto market evolves, the burning question is: how can we make the most of its opportunities? In this regard, presale projects could provide opportunities worth exploring, allowing crypto enthusiasts to get in early and reap the maximum benefits.

One such project is Minotaurus ($MTAUR), an ecosystem that combines casual gaming with the power of blockchain technology. Minotaurus ($MTAUR) is currently in the pre-sale phase and offers its members attractive early bird benefits.

Early adopters can purchase $MTAUR tokens during the presale for just $0.0000425 each, a 78.75% discount from the list price of $0.00020.

In addition to a favorable entry price, holders can look forward to the following benefits:

  • Token Utility: $MTAUR tokens offer a variety of uses. By converting $MTAUR into in-game currency, users can purchase unique Minotaurs, customize avatars, gain access to special areas, and more. Such extensive utilities set Minotaur ($MTAUR) apart from short-lived pre-sale projects.
  • Evolving Market: The casual gaming sector is booming and is expected to reach $19.92 billion by 2027, growing at a compound annual growth rate of 9%. Minotaurus ($MTAUR) is well-positioned to capitalize on this expansion.
  • High Demand: With 5.9 billion downloads of hybrid casual games in 2023 alone, there is high demand for the genre according to SensorTower. Minotaurus is strategically positioned to capitalize on this upward trend.
  • Secure and Reliable: Smart contracts audited by SolidProof and Coinsult guarantee the integrity and security of the Minotaurus ecosystem.

The core of Minotaur

The Minotaur Ecosystem offers an exciting infinite runner game where you control a Minotaur that navigates through complex mazes, dodging traps, fighting enemies and collecting valuable loot. The game is designed for mobile devices and offers simple controls and immersive gameplay.

Players can customize their Minotaur, unlock new regions, and compete with friends.

Benefits outside the game

$MTAUR holders can benefit from referral incentives, helping to spread the word about the project and grow its user base. The vesting program allows community members to receive bonuses for keeping their tokens locked for a longer period of time.

The gradual unlocking of tokens through cliff and vesting processes aims to stabilize the market and balance supply and demand.

Don’t be left behind: Become a Minotaur now!

With its low entry price, robust market potential, and wide range of token utilities, Minotaurus could be an excellent choice for both newcomers and seasoned crypto enthusiasts.

Given all these benefits, this may be the right time to explore the project and possibly get involved. More information about the highlights can be found on the website.

Conclusion

In summary, the crypto market saw a surge to 10 million daily active wallets in Q2 2024, driven by the growth of social DApps, decentralized exchanges, and NFT marketplaces. Despite challenges such as the decline in DeFi value and security concerns, the market is expanding.

At the same time, early-stage crypto projects are attracting attention as the market continues to grow. Minotaurus ($MTAUR), an ecosystem that combines blockchain with casual gaming, could be well-positioned to capitalize on this momentum.

With a competitive presale entry point, solid token utility, and expansion potential, Minotaurus ($MTAUR) presents an exciting opportunity amid the evolving crypto landscape.

More information about Minotaur:

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on any goods, services or content mentioned in the press release.

Source: https://cryptobenelux.com/2024/07/09/toename-van-de-cryptomarkt-10-miljoen-dagelijkse-portefeuilles-in-het-tweede-kwartaal-van-2024/



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