Star Nest whitepaper
  • 👋Welcome to StarNest
  • 🚀TRENDS
    • 1.10 Characteristics of the Web3 era
    • 1.20 Current status of the Web3.0 industry
  • 🥹OVERVIEW OF THE MUSIC INDUSTRY
    • 2.10 Current state of the music industry
    • 2.12 State of the music industry - core cases
    • 2.21 Music Industry - Track Characteristics
    • 2.22 Pain points in the music industry – central monopoly
  • 😌STARNEST MODEL IN WEB3
    • 3.11 Project Introduction
    • 3.12 Project Highlights
    • 3.13 Online System
    • 3.14 Online system and income sources
    • 3.15 Intelligent Gameplay
    • 3.16 Offline Ecosystem
    • 3.20 Operation Steps
    • 3.31 Why we can do it
    • 3.32 Partners
    • 3.33 Product roadmap
  • 🤑FINANCING PLAN
    • 4.10 Governance Token
    • 4.20 Other Tokens
    • 4.30 Token Allocation
    • 4.40 Tokenomics
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  1. TRENDS

1.20 Current status of the Web3.0 industry

Web3.0 industry status quo - industry development overview

Previous1.10 Characteristics of the Web3 eraNextOVERVIEW OF THE MUSIC INDUSTRY

Last updated 1 year ago

Different public chains show diversified trends in user participation. Ethereum continues its upward trend, with 156,000 unique users, a 10.9% increase from November. The number of Polygon users increased by 19.2% to 110,000, reversing the previous downward trend. BNB Chain also rebounded, with the number of users reaching 24,000, an increase of 41.8%, but still below the peak in July. Sui’s user base doubled to 18,000. In 2023, Polygon led the way in terms of unique users, growing a staggering 231.0% to reach 1.28 million users. However, the number of Ethereum users has dropped by 45.2% to 1.19 million users, reflecting changes in user preferences between different public chains. BNB Chain’s user base has expanded to 350,000, an increase of 280.7% compared to 2022.

Looking at macro trends, NFT market trading volume was $13.12 billion in 2023, down from the previous year’s highs. Ethereum’s market share fell slightly to 97.8%, down from 99.8% in 2022, indicating that the market is gradually diversifying. Judging from core data such as number of users, activity, growth rate, and transaction volume, the entire industry is in an explosive period of rapid growth. According to player activity rankings, Ronin, Near and BNB Chain have become the blockchain platforms with the largest number of active users, accounting for 29.9%, 10.2% and 9% of the total respectively. In terms of trading volume, BNB Chain, Ronin and Ethereum are at the top. Number of global cryptocurrency holders (Source: Statista)

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