# WEEKLY SNAPSHOT

CoinRank Daily Data Report (3/11)|Veda TVL Surges 319% in a Single Day

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KEYTAKEAWAYS

  • NEAR On-Chain DApps Reach 3.42 Million Daily Active Users, Securely Ranking First Among Public Chains
  • Veda TVL Surges 319% in a Single Day, Breaking into DeFi Top 15 Against the Trend
  • Monad Testnet User Count Approaching 8 Million

 


CONTENT

Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.


NEAR ON-CHAIN DAPPS REACH 3.42 MILLION DAILY ACTIVE USERS, SECURELY RANKING FIRST AMONG PUBLIC CHAINS

 

According to DappRadar data, NEAR on-chain DApps have reached 3.42 million daily active unique users (UAW), ranking first among public chains. Other public chains performed as follows: opBNB ranked second with 2.43 million UAW, followed by Solana (1.8 million), Matchain (1.46 million), and Aptos (1.27 million), while SKALE ranked sixth with 956,800 UAW.

 

NEAR On-Chain DApps Reach 3.42 Million Daily Active Users, Securely Ranking First Among Public Chains

 

Analysis:

 

NEAR and BNB Chain have been alternating in the lead in terms of UAW over the past 30 days, while Matchain has shown explosive growth in UAW this month. This indicates that public chains are employing various strategies in the competition for user traffic. To attract more users, the deployment of quality DApps and ecosystem incentives are crucial.

 

VEDA TVL SURGES 319% IN A SINGLE DAY, BREAKING INTO DEFI TOP 15 AGAINST THE TREND

 

According to DeFiLlama data, Veda’s Total Value Locked (TVL) skyrocketed 319% in a single day, reaching $2.236 billion and successfully entering the DeFi TVL ranking’s top 15. In stark contrast, the other projects in the DeFi TVL top 50 all experienced varying degrees of decline: Lido TVL dropped 8.72% daily, AAVE TVL fell 4.01% daily, and EigenLayer TVL decreased 8.42% daily.

 

 

Analysis:

 

During the overall crypto market correction period, Veda’s growth against the trend becomes today’s biggest highlight in the DeFi market. Veda TVL’s explosive growth may stem from its hot spot effect in promoting BTC’s entry into DeFi market applications, attracting a large influx of capital.

 

MONAD TESTNET USER COUNT APPROACHING 8 MILLION

 

On-chain monitoring data shows that the public chain Monad‘s testnet active user count has reached 7.968 million, about to break the 8 million mark. This morning, the project team sent a mysterious hint to heavy test users through social platforms: “Please check your wallet,” which, combined with previous industry practices, may be foreshadowing a token airdrop.

 

Analysis:

 

Against the backdrop of intensifying competition in the Layer 1 sector, Monad continues to attract developer and user attention with its technical features of EVM compatibility + parallel execution. If it can maintain the testnet’s momentum after mainnet launch, Monad has the potential to challenge the existing Layer 1 landscape.

 

 

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DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


WRITER’S INTRO

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