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dApps Sector Logged Nearly 16 Million dUAW in July

08.08.2024
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The number of daily unique active wallets (dUAW) in the decentralized apps (dApps) sector reached nearly 16 million in July 2024. The highest user activity was recorded in AI protocols and high-risk projects.

Nearly 16M dUAWs Recorded in dApps Sector in July

DappRadar published a report focusing on the industry metrics of decentralized applications observed in July. Among the global trends, the number of dUAWs grew by 78% compared to the previous month. In July, the number of daily unique active wallets exceeded a record 15.9 million.

Apps in the “Other” category were the most popular, accounting for 28% of the total user base. This category includes AI protocols and high-risk projects. The second and third most popular categories were “Games” and “Social,” occupying 26% and 20%, respectively. The report notes that blockchain games lost their leading position for the first time in 2024. Decentralized social platforms showed the most significant growth, with dUAWs reaching 3.1 million.

Other trends highlighted by DappRadar analysts include:

  • The total value locked (TVL) in the DeFi sector reached $175 billion, up 5% from June.
  • Ethereum dominated as the environment for DeFi projects, accounting for 66% of the TVL.
  • NFT trading volume dropped by 41% compared to the previous month, totaling $561 million.
  • The Ethereum mainnet dominates the NFT market, holding a 29% share, with Polygon in second place at 24% of the market.
  • Among NFT marketplaces, OpenSea regained leadership, capturing 31% of the trading volume; analysts attribute it to the popularity of the Liberty Cats NFT collection.

DappRadar recently reported a record number of Web3 application users in Q2 2024, attributed to several major airdrops.

Сообщение dApps Sector Logged Nearly 16 Million dUAW in July появились сначала на CoinsPaid Media.

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CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

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