1.20 Current status of the Web3.0 industry

Web3.0 industry status quo - industry development overview

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)