The crypto industry saw incredible growth in January and also experienced fewer exploits than all months in 2022.
Few Exploits in January for Crypto and Web3
The blockchain industry had only eleven exploits in January 2023, of which four occurred on BNB Chain, the most for any chain.
The exploits resulted in a total loss of over $14 million, according to the January Industry Report from Sara Gherghelas of DappRadar. The amount lost in January was lower than in previous years. LendHub suffered the largest loss of over $6 million via the HECO network.
“January 2023 saw 11 blockchain exploits that resulted in a total loss of $14.6 million,” Gherghelas writes. “The majority of these exploits occurred on BNB Chain, with four incidents recorded. Despite this, the amount lost in January 2023 was lower compared to previous years, marking a positive trend for the blockchain industry.”
Other highlights from the report include:
- BNB Chain had the second most daily Unique Active Wallets (dUAW) at 392,882, down 27% from December
- PancakeSwap was the most popular BNB Chain Decentralized Application (Dapp) with 1.29 million UAW
- Solana was the top-performing chain, growing 70% to 53,683 dUAW
- Ethereum increased its dUAW 39% to 116,255
- Lido grew to over $8 billion in Total Volume Locked (TVL) the largest in all crypto
- NFT trading volume jumped to over $946 million
Check out the full report from DappRadar here.
What is DappRadar:
DappRadar started in 2018, by bringing high-quality, accurate insights on decentralized applications. The company quickly became a go-to, trusted industry source. The platform hosts over 13,000 dapps from over 47 networks and chains. It also offers comprehensive NFT valuation & portfolio management and lead the way in data-led, actionable industry reporting.
Where to find DappRadar:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.