The key to Yuga Labs' success lies in its unwavering commitment to providing value to the community.

The price of altcoins has dropped by 90% from the peak in November last year; the activity of DApps has fallen to the lowest point this year.

The behavior of NFTs operates independently of the crypto market and is influenced by their utility, maturity, use cases, etc., and the same goes for blockchain games. However, in DeFi, utility and value are closely linked.

The proportion of DeFi in on-chain activities has dropped from 57% in the first half of the year to the current 37%.

The number of independently active wallets registered daily in the dapp industry has exceeded 2 million for the first time, with a month-on-month growth of 21% and a year-on-year growth of 626%.

After a record-breaking quarter, the NFT sector continues to "grow wildly," showing no signs of slowing down.

Due to the increasing importance of NFTs in the industry, we have decided to delve into one of the most important on-chain metrics in this field, namely the whale concentration index.

Different perspectives in the blockchain industry combine traditional behavioral finance analysis with blockchain metrics and indicators.

The locked funds in Ethereum DeFi applications remain in the lead; in terms of daily active unique addresses, Binance Smart Chain has surpassed Ethereum.

Despite losing its leading position in some key metrics, Ethereum did reach a milestone in February. The total value locked (TVL) has surpassed the $40 billion mark. The TVL increased by $4 billion in February.