DappRadar, a Dapp discovery and analytics platform, has published a report covering the current state of the Metaverse, its usage, and adoption levels.

While metaverse-related trade has slowed tremendously this year, other metrics kept interest in the space.

Is the metaverse still active?

The “metaverse”, according to DappRadar, has two meanings. One refers to the “classic metaverse” that is based on Web 2 technologies, which fuse today’s gaming and social experiences with online augmented reality. The other clearly refers to the “blockchain metaverse”, which enables digital commerce in a decentralized manner, particularly through NFTs (for example, virtual real estate).

In its report shared with CryptoPotato, the firm noted that the trading volume…