🧐 What is happening with the cryptocurrency market and DEX? Interesting analysis for the third quarter of 2023. ◻️ The third quarter of the year turned out to be quite calm for the crypto market. The main factors stimulating the market were expectations of approval for a spot bitcoin ETF and an influx of new liquidity into cryptocurrency. Despite a decrease in investments in crypto, the blockchain industry continues to develop. Strong narratives are emerging in DeFi and SocialFi, which are likely to become the main trends in the next bull rally. It is difficult to expect a complete reversal under conditions where there are significant problems in traditional finance. The crypto market is interconnected with traditional finance, as many companies rely on external financing. Inflow of money from outside remains the main driver of cryptocurrency growth. ◻️ Uniswap remains the dominant DEX platform, despite a decline in volume in all directions. 38% of daily trading volume on DEX occurs on Uniswap, with total volume three times higher than its closest competitor, PancakeSwap. ◻️ The top 10 blockchain platforms with the highest TVL alongside Ethereum as of the end of the third quarter of 2023 are: - Tron - BNB Chain - Arbitrum - Polygon - Optimism - Avalanche - Base - Solana - Cronos - Kava