#TradingTypes101

DappRadar analysts wrote in their report.

DappRadar analysts point to a fundamental flaw driving this exodus: a lack of engaging gameplay.

Projects frequently prioritized tokenomics, speculative NFT launches, and marketing blitzes, often sidelining critical gameplay testing and development.

Without fun and replayable mechanics at their core, even heavily funded Web3 games have struggled to maintain player interest, suggesting that the industry's biggest challenge might simply be learning how to build great games.

And this narrative is nothing new: surveys have been saying this since 2022.

Market Movements:

BTC: Bitcoin slid 2% after failing to hold the $110K level, with price testing key support at $108.5K amid rising geopolitical tensions and mixed sentiment, though strong institutional inflows via spot ETFs suggest underlying demand remains intact.

ETH: ETH jumped 5% to break past $2,800 as $815M in institutional inflows poured into ETH ETFs, driven by bullish technicals, record staking levels, and fresh SEC guidance clarifying staking and wallet software fall outside securities laws

Gold: Gold rose 0.97% to $3,363 after U.S. inflation data showed cooling prices, boosting expectations that the Fed could resume rate cuts in September.

Nikkei 225: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.

S&P 500: Tokyo stocks opened mixed Thursday, as a stronger yen weighed on exporters while optimism over a potential U.S.-Japan trade deal supported buying, with the Nikkei down 0.22% in early trading.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage