A recent report from DappRadar has revealed that, despite the frequent hacks pervading the cryptocurrency space in October, the market has maintained its growth, recording a total market capitalization that exceeds $1 trillion at the time of writing.
Since October 25th, when the market turned bullish after months of bearish sentiment, the cryptocurrency sector has roared back into action, reclaiming the $1 trillion level in terms of total market cap. Cryptocurrencies across the board, including leaders Bitcoin (BTC) and Ethereum (ETH), have experienced daily gains, with the bears seemingly being put in their place.
In October, blockchain dApps recorded an average of 2.01 million daily unique active wallets (UAW), representing a 6.84% increase from the previous month. The metric demonstrates the market’s continued strength and resilience in the face of a tumultuous global economy.
