The "Third Quarter On-Chain Report", compiled by the Web3 development platform QuickNode and digital asset institutional data platform Artemis, has been released, identifying significant trends in the blockchain domain, per a report from Odaily.
The study highlighted a substantial increase in stablecoin-related activities on blockchain networks. Stablecoins emerged as the most popular category, accounting for over 400,000 average daily active addresses (DAAs) by the end of the third quarter.
The report also shed light on the ascent of DeSocial, which has gained significant traction due to viral product launchings sparked by the friend.tech phenomenon. It suggested that social applications have the potential to disrupt current adoption levels if they reach Web2 scale.
Development activity on Optimism's OP Mainnet is witnessing a strong surge, hinting that developers deem EVM scaling solutions as a critical issue that needs addressing urgently.
Moreover, based on financial data, the report anticipates that gaming and artificial intelligence products will witness the highest growth in the blockchain ecosystem in the forthcoming years.
