# Market Validation

Akorn has decentralized finance (DeFi), NFT and gaming components to learn more click on the word you are interested in.&#x20;

## **Cryptocurrency**

## [Source For All Information Below](https://dappradar.com/blog/dapp-industry-overview-october-2021-on-nfts-defi-and-games)

<img src="https://1629627332-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fk7P6iEyOjARpSWM8T4BU%2Fuploads%2F4qNfznO0teHSgelGpzLv%2Fimage.png?alt=media&#x26;token=3cef003f-1ec2-43d8-9ae8-8dd328a7f387" alt="" data-size="original">

More than two million (2.16 million) unique active wallets (UAW), an estimate for the number of people, connected to blockchain decentralized applications on a daily basis. A 626% increase year-over-year.&#x20;

**Defi**&#x20;

In 2021 the Defi's industry total value reached an all-time high of $219.8 billion

DeFi saw the most significant increase in terms of unique active wallets, as the metric grew 32.49% month over month

**NFT**

In 2021 the NFT Market Generated Over $23 Billion In Trading Volume a 230% increase from $100 million recorded last year&#x20;

The floor market cap for the top 100 Ethereum NFT collections by trading volume, plus Flow’s NBA Top Shot, increased 17.81% in a months time frame, from September's record

3.7 million unique NFT traders was identified in October

&#x20;Unique active wallets engaging with NFTs on a daily basis went up from 5,000 in the beginning of the year to around 140,000 at year’s end

**Games**

Games represent 55% of the amount of unique active wallets&#x20;

The number of UAW that interacted with game dapps in October increased by 19.72% month over month

### Environmental Concern

With greater amounts of global citizens recognizing the climate risk they are facing more concern has been channeled towards ensuring that actions, businesses, and organizations they help to fund are environmental/ sustainable (the movement with environmental and social governance in corporations is a good representation of this). More companies are turning away from cryptocurrency due to its environmental impact (such as Tesla). However there is a regenerative finance movement happening within Crypto.&#x20;

### First Steps of Crypto Regenerative Finance&#x20;

One of the first big actions of this movement was the creation of the Crypto Climate Accord which had 40 supporters including the World Economic Forum and Consensys. This accord stated that the supporters would work with their current partners to have themselves as well as their partners utilize 100% renewable energy by 2050.&#x20;

### Regenerative Finance Movement&#x20;

The Toucan Protocol helped to onboard $6 million carbon credits in it's first 3 days of launch. Since then with the help of KlimaDAO it has outpaced the trading volume of the whole carbon credit trading market for 2021. This is an excellent example of the what is happening within the regenerative finance movement in crypto. To find out more about this click here.&#x20;
