Dapps usage surges 70%: Q3 activity hits new high

Author: cryptoslate; Source: Blockchain Knight

According to Dapp Radar's third quarter report, Daily independent active wallets (UAW) of decentralized applications (dApps) increased by 70% between the second and third quarters, reaching a record high of 17.2 million.

Applications related to artificial intelligence (AI) became the leader in various fields of the dApp industry last quarter, with an average daily UAW of nearly 4.3 million, a quarterly growth rate of 71%.

The report pointed out that data processing layer DIN and distributed AI data platform Alaya are the main players driving the surge in usage in the field of artificial intelligence.

In addition, the report also pointed out that this trend also indicates that AI technology and its integration with the blockchain industry are increasingly attracting attention.

In terms of user activity, the gaming sector remains the most dominant sector. However, its overall share of the dApp market has slightly declined, from 28% to 26% on a quarterly basis.

The report noted that this may be due to users turning to more innovative applications such as artificial intelligence and social platforms.

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The Toncoin-based gaming wallet HOT Game is the most active dApp, gathering 1.64 million UAWs in the third quarter, while Ronin-based Pixels is the fifth most used dApp, reaching 656,000 UAWs, and is the only pure gaming application among the five most used applications last quarter.

The social dApp sector accounted for 19% of all activity in Q3, with modular data layer CARV’s UAW of 1.24 million making it the most active social dApp of the quarter.

The total value locked (TVL) of the DeFi ecosystem slipped 12% in Q3, with just under $133 billion remaining in a sector of more than $150 billion by the end of September.

The report highlights that decentralized exchanges (DEXs) Raydium and Uniswap have achieved significant growth despite declining TVL, particularly driven by memecoin trading.

Solana-based Raydium had a daily UAW of 1.18 million last quarter, while Uniswap had a daily UAW of 459,000 for V2 and V3 during the period.

Jupiter Exchange increased the activity of DEX in the third quarter, with an average daily UAW of 216,000, becoming the third most engaged DeFi application.

The original text comes from cryptoslate, compiled and edited by Blockchain Knights. The English copyright belongs to the original author. Please contact the editor for Chinese reprint.