Binance Research September report: AA adoption rate rising, with more than 870,000 unique AA accounts

Odaily Planet Daily News Binance Research Institute released the September encryption market report. The report topics include DeFi, stable coins, second-layer solutions (L2s), account abstraction, etc. The report states that the fluctuations in the total market capitalization of the crypto market in September were negligible, but there are still many noteworthy developments in the market: 1. The total market capitalization of stablecoins has declined for 18 consecutive months, falling to a new low of $123.8 billion (the lowest level since September 2021). There may be many factors affecting investors’ allocation of capital to other non-crypto finance product. 2. During Token2049, Telegram announced that it would integrate the TON crypto wallet and support the TON-based Web3 ecosystem, which led to an increase in the price of TON. Given Telegram’s 800 million user base, this partnership inspires the possibility of mass adoption. 3. Chat Bots on Telegram are a relatively new trend, providing a user-friendly alternative to existing DeFi applications and showing fierce competition in the market. Banana Gun is a Telegram Bot application. Since launching its own token, Banana Gun has risen in the rankings and is now one of the most gas-consuming apps on the Ethereum platform. 4. The landscape of decentralized perpetual contract platforms has undergone significant changes. Once upon a time, platforms like dYdX, GMX, and Gains Network held major market share. However, since September, both new platforms and existing players, especially ApolloX, have made significant progress. 5. The adoption rate of Account Abstraction (AA) smart contract wallets continues to rise, with transaction volume increasing month by month. Data shows that there are more than 870,000 independent AA accounts and more than 2.3 million successful smart contract transactions have been completed.