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Despite a dip successful progressive wallets and DeFi losses, blockchain gaming and decentralized concern continued to thrust astir Web3 enactment past month.
Blockchain gaming and decentralized concern (DeFi) remained the astir progressive sectors successful Web3 successful October, contempt a 3% diminution successful full regular progressive wallets to 16 million, according to a caller study from DappRadar.
Web3 gaming accounted for 27.9% of each decentralized exertion (DApp) enactment implicit the past month, its highest stock of the year, portion DeFi maintained coagulated engagement astatine 18.4%, contempt marketplace volatility and ongoing regulatory pressure.
Industry Report October 2025. Source: DappRadarThe astir wide utilized DApps see Raydium, Pump.fun, Jupiter Exchange, OKX Dex and PancakeSwap v2.
Yet, the full worth locked (TVL) successful DeFi fell 6.3% successful October to $221 cardinal and dropped different 12% successful aboriginal November to $193 billion, acknowledgment to broader marketplace diminution and regulatory uncertainty.
Industry Report October 2025. Source: DappRadarMeanwhile, trading of non-fungible tokens (NFTs) roseate by 30% successful October to $546 million, reaching 10.1 cardinal transactions — the highest monthly number of 2025.
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DeFi takes a deed but responds
DeFi’s October downturn was compounded by the Oct. 10 marketplace crash, which wiped retired astir $20 cardinal successful leveraged positions crossed lending platforms and large exchanges.
The unit continued erstwhile DeFi protocol Stream Finance suffered a $93 cardinal loss connected Wednesday, raising concerns astir stablecoin recognition vulnerability and prompting analysts to uncover different $284 cardinal successful related vulnerabilities crossed the ecosystem.
Regulatory uncertainty besides weighed connected DeFi successful October aft respective US Senate Democrats projected extending Know Your Customer (KYC) rules to non-custodial wallets, a determination critics warned could thrust DeFi enactment offshore.
On Thursday, large Ethereum stakeholders launched the Ethereum Protocol Advocacy Alliance (EPAA), uniting starring DeFi foundations, including Aave, Uniswap, Lido, Curve and The Graph, to coordinate argumentation efforts and guarantee that decentralized infrastructure is represented successful crypto regulation.
Also connected Thursday, the modular oracle web RedStone launched Credora, a DeFi-focused hazard ratings level designed to heighten transparency and recognition appraisal crossed lending protocols.
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