NEWSLETTER
<img src="https://crypto.news/app/uploads/2024/12/crypto-news-crypto–tech-projects-shouldnt-settle-for-shallow-marketing-option04.webp” />
The first quarter of 2025 was a turbulent period for web3, with IA and social DAPP winning traction, while decentralized finances suffered a strong decrease.
The total value blocked in Defi fell 27% to $ 156 billion, according to Q1 2025 of Dappradar report. The decrease in Defi was caused by several high profile safety violations, the fall in cryptographic prices and macroeconomic uncertainty.
The biggest blow was the exploit of $ 1.4 billion by Bybit, which the FBI connected with the North Korean merchant group. In this feat, the computer pirates stole around 401,000 ethereum (eth), made it bitcoin (btc) and other assets, and distributed it among the wallets.
Defi's position was affected by a 45% decrease in eth during the quarter. With the exception of Berachain (Bera), which grew as a result of its Mainnet launch, a tokens distribution event and a financing round of $ 142 million, most of the main blockchains saw a fall in the defi activity.
While Defi had problems, DAPPS prospered with ai, as evidenced by the 29% increase in unique daily wallets daily to 2.6 million. In addition, the number of social DAPPs grew by 10% to 2.8 million DuAW. This change was largely due to sites like Pump.fun, which simplified that users launched new tokens. Pump.fun saw an increase of 112% in the activity.
nfts also had a weaker quarter, with a 24% decrease in the negotiation volume to $ 1.5 billion. However, the fact that sales only fall by 10%points to lower prices instead of a massive exit. PFP collections represented most sales, which represents 56% of the total nft volume. In terms of transactions, Opensea continued to be the most popular market, but OKX had the highest negotiation volume.
Meanwhile, more than $ 2 billion were lost in scams and hacks. The carpet throws as Libra and Melania resulted in losses of $ 450 million, but the exploit of $ 1.5 billion bybit was, with much, the largest security rape event. A $ 50 million trick of the Infini Stablecoin platform also presented underlying security failures in the industry.
