This report, jointly presented by QuickNode, a leading Web3 infrastructure and developer platform, and Artemis, an institutional data platform for digital assets, provides an insightful perspective on the sweeping commercial advancements observed across different chains and industry sectors.

QuickNode, in collaboration with institutional data platform Artemis, has unveiled The On-Chain Report, shedding light on the blockchain industry’s progress in Q3 2023, revealing a notable surge in stablecoin activity and hinting at gaming and AI as the next frontier in blockchain evolution.

By 2030, our Solana valuation scenarios project a SOL price ranging from a bearish $9.81 to a bullish $3,211.28, anchored by varied market shares and revenue estimations across key sectors.

According to data from Artemis.xyz, Near Protocol has far outperformed the market across various network metrics, but will likely look to further grow its DeFi ecosystem.

In September, digital assets, especially Bitcoin and Ethereum, performed better than traditional market indices. Large-cap tokens excelled due to decreased on-chain activities, and market hopes tied to ETF approvals.

In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals.

Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily transactions confirmed.

Although the asset’s price is somewhat stagnant, the interest toward the network keeps growing.

Over the last two weeks, Polygon’s daily active addresses have surged by more than 26%. However, MATIC’s price chart has continued to remain flat.

Polygon’s network growth witnessed a halt over the last few days. However, with the launch of Polygon 2.0, the network and MATIC could be in for several changes over the course of the next few months.