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Dapps’ revenue hits $164M in October amid growing adoption

  • Decentralized applications (dApps) generated $164 million in revenue in October, according to a report by Binance Research.
  • dApps represented 12 out of the 15 protocols with the highest revenues, indicating growing blockchain adoption.
  • DEX and trading bot-related dApps were the primary revenue generators, fueled by speculative trading of memecoins.
  • Infrastructure projects in the blockchain industry have received over $1.2 billion in funding, raising questions about potential overfunding.

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