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On September 19th, Zhang Bin, a researcher and deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, stated at the Tsinghua PBC School of Finance Chief Economist Forum that the main imbalance in my countrys current economy is strong supply and weak demand, a kind of aggregate imbalance. "There are many reasons for insufficient demand, but the most crucial one lies in the weak expectations of business entities; enterprises and residents are hesitant to invest and spend money. Individual behaviors are rational and reasonable, but the cumulative effect of micro-level behaviors creates a negative self-amplifying mechanism, forming a negative cycle," Zhang Bin said. Zhang Bin believes that the key to breaking the demand shortage is first to break the negative cycle. A negative cycle itself is a market failure, requiring strong external forces to break it; the most effective tool is to increase counter-cyclical adjustments.Market news: Bolivia will set a unified diesel price, which will be linked to international oil prices.According to AFP: Police officials say the death toll in the attack on Pakistans police headquarters has risen to 31.On September 19th, the Beijing Municipal Administration for Market Regulation announced that, based on the work deployment of the State Administration for Market Regulation and preliminary investigations, it has initiated investigations into four online hotel and travel booking platform companies for suspected illegal activities. Fliggy issued a statement saying that it attaches great importance to this matter and will actively cooperate with the Beijing Municipal Administration for Market Regulations investigations to fully implement regulatory requirements. Fliggy has always respected and maintained a fair, open, and orderly market environment and will continue to work with all parties in the industry to promote high-quality development of the industry.September 19th - A mudslide occurred near the Shijiagou Tunnel in Zhiliuhe Village, Gesala Township, Yanbian County, Panzhihua City, Sichuan Province in the early hours of the 19th. According to relevant departments, preliminary statistics indicate that five people are currently missing.

Blockchain Games Raise $2.5B As Dapps Lose $1.2B to Hacks in Q1 ’22

Skylar Shaw

Apr 21, 2022 09:46


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According to the research, approximately $12 billion in NFT transactions were done in Q1 2022.


Over the same time span, DeFi technologies have lost more than $1.2 billion.


Venture capitalists have invested $2.5 billion in gaming businesses, bringing the total value of GameFi TVL to $28 billion.


Bitcoin and altcoins are no longer the exclusive forms of cryptocurrency. With the emergence of the Metaverse, space has become a realm unto itself, both metaphorically and physically.


NFTs have become a need for investors, and gaming projects have gotten a lot of attention this time around as well. But how much is the question?

DeFi knocks it out of the park with this one.

The DeFi field is expanding, according to the DappRadar Q1 industry report, as the NFT and Metaverse markets gain traction and interest in blockchain gaming grows.


And the benefits of Decentralized Finance (DeFi) outweigh the risks posed by external causes.


Throughout the first quarter, Dapps together recorded over 2.38 million daily unique active wallets, and the DeFi TVL maintained its pace despite the variations.


The greatest winners this time were none other than NFTs, who earned more than $12 billion in transactions as a result of their acceptance outside of Ethereum.


Furthermore, the first quarter of 2022 was a banner year for blockchain gaming ventures. These Dapps were able to raise nearly $2.5 billion from venture capitalists and get the attention of investors.


But with every benefit comes a drawback, and the hacks are DeFi's biggest drawback. DeFi stands for decentralized finance, which means it is not reliant on anybody to keep it secure from direct access attacks or exploitation.


Those looking for a loophole, on the other hand, find a way to exploit a protocol, as DeFi protocols did in the first three months of 2022, losing over $1.2 billion.


Axie Infinity's Ronin Hack is responsible for around half of this damage, with exploiters taking over $615 million in the largest crypto assault ever. The Wormhole was the other big exploit, with $326 million taken.

However, it did not halt the growth of DeFi.

The total value locked (TVL) across all Decentralized Finance protocols and chains is now $214 billion, which, although significant, pales in contrast to the crypto space's $1.9 trillion market cap.


The fast developing GameFi market, which has piqued the eye of both users and investors, is now valued at over $28 billion and increasing, due to the advent of Metaverse and platforms like The Sandbox and Decentraland.


While a result, as DeFi is seen as the future of finance, these areas will see a lot more investment coming in in the future.

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