Messari
2 Posts
Messari Reports on Moonbeam Q2 2024
Messari has published the Moonbeam Q2 2024 Brief, with performance reflecting tough market conditions. They have noted an overall decline in user activity, with declines in active addresses (-32% QoQ), daily new addresses (-79% QoQ), and daily transactions (-40% QoQ). In spite of Moonbeam Season 3 Incentives, an overall decline in the crypto market prevailed pushing their DeFi TVL down by 26% to USD$44M. DEX volumes also dropped by 54%. Messari claims that a TVL increase of GLMR to 196M (+63% QoQ), indicates a net positive capital flow into the network. However, it appears that they have misinterpreted their data source (DefiLlama), mistaking a price conversion of USD to GLMR TVL for additional value locked. The data more likely just indicates a drop in the price of GLMR.
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