Artemis x QuickNode: OnChain Report Q1 2024

We're thrilled to share the Q1 2024 OnChain Report, a collaborative effort between Artemis and QuickNode, a leading Web3 infrastructure and developer platform. This report offers an in-depth analysis of blockchain consumer behavior, developer trends, and the venture capital investment outlook.

Our report aims to provides a comprehensive overview of current blockchain activity by examining the following critical questions:

• Where is daily user activity growing the most?
• What are the most exciting chain developments?
• What are the next big trends to watch?

A few highlights from the report:

• There has been a huge 42% QoQ surge in stablecoin user activity owing to a confluence of factors such as spot Bitcoin ETF approval and listings, the next Bitcoin halving in April, an exodus from hyperinflated fiat currencies, and DeFi's resurgence.
• Quarterly active addresses reached an all-time high of 8.29mm in Q1 2024, rising 73% YoY from Q1’23 to Q1’24, and up 146% from Q3 lows
• Web3 gaming levels up in Q1’24, with a massive 155% QoQ increase in active addresses. This significant surge in player engagement showcases web3’s ability to attract and retain a growing player base

This quarter, blockchain activity continued to showcase an expanding ecosystem, setting new standards in innovation and user adoption. These trends underscore a promising trajectory for the decentralized future, with Web3 technologies at the forefront of that innovation. Explore the influential roles of Stablecoins, DeFi, and Decentralized Social apps in shaping the evolving blockchain ecosystem in our Q1 2024 Report!