DApp User Up 124% As NFT, DeFi Gain Traction

DApp User Up 124% As NFT, DeFi Gain Traction

The blockchain sector experienced a 124% increase in Unique Active Wallets (UAW), primarily driven by the popularity of decentralized applications (DApps).

Platforms like Near, Klaytn, and Arbitrum are leading the growth, with KAI-CHING, SuperWalk, and Uniswap V3 attracting a wide user base.

However, platforms like Harmony, Solana, and Hive experienced declines due to challenges such as bridge exploits, FTX association, and financial shortcomings.

The NFT market saw a 166% growth, with DeFi applications following closely, and social media applications like Friend, Lens Protocol, and Galxe saw a 29% increase in usage.

(With inputs from Shikha Singh)

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