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Number of Web3 App Users More Than Doubled in 2023

12.01.2024
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The number of decentralized application (dApp) users grew 124% last year. Web3 apps on blockchain networks Near, Klaytn, and Arbitrum showed the highest growth.

Number of dApps Users Grew 124% in 2023

During 2023, an average of 4.2 million unique active wallets (UAW) interacted with decentralized apps on a daily basis, more than doubling from 2022. Such data is provided in the DappRadar report.

The greatest growth was shown by applications related to non-fungible tokens (NFT) — the number of their users grew by 166% over the year, reaching 671,100 daily UAWs. Decentralized finance (DeFi) is in second place in terms of growth rate — its growth was 112% with 934,300 daily UAWs. The SocialFi sphere completes the top three, which rose by 29% with 250,700 daily UAWs — the key protocols in this sector were Friend.tech, Lens Protocol, and Galxe.

The GameFi sector was leading the way in terms of activity among dApps — average daily users reached 1.1 million UAWs by the end of the year. Blockchain gaming accounted for 34% of all decentralized app users in 2023.

The DeFi sector was the leader in transaction volume, with a 537% increase from 2022. The total value locked (TVL) on DeFi protocols rose 77% to $103 billion in 2023.

Growth leaders by number of dApps users among blockchain networks are:

  • Near — 1,902%;
  • Klaytn — 1,099%;
  • Arbitrum — 624%.

Blockchain networks leading the decline in the number of dApps users are:

  • Harmony — 96%;
  • Solana — 76%;
  • Hive — 68%.

One of the key trends for 2023, according to DappRadar analysts, is the decline in demand for Layer 1 (L1) blockchain networks, which has arisen due to the slowdown in on-chain activity seen over the past few years. Against this background, various L1 projects relaunched as side-chains or Layer 2 (L2) networks in the Ethereum ecosystem — active development of this segment was noted by analysts in Q1 2023.

Сообщение Number of Web3 App Users More Than Doubled in 2023 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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