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International Business Times
International Business Times
Business
Marvie Basilan

New Use Cases Drive Activity In Onchain Economy, Institutions Locked In: Blockchain Report

Economy Delphi Digital blockchain United States BASE Delphi Bitfinex Crypto
Onchain activity has been surging this year as institutions jump into the scene and users explore various use cases. (Credit: Marco Verch/flickr)

KEY POINTS

  • There has been increasing activity around non-DeFi applications such as gaming and digital collectibles
  • The 50% spike in RWAs' total value year-to-date indicates increasing institutional participation onchain
  • Stablecoin activity continues to rise, with volumes passing $300 billion
  • The onchain job market is very active, but there remains a shortage in crypto developers

Leading cryptocurrency research firm Delphi Digital has released its Onchain Economy Report this week, delving into the recent growth of the onchain economy and tackling the entry of institutions into the blockchain industry.

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