The latest findings from DappRadar reveal a remarkable 70% increase in unique active wallets (UAW) engaging with decentralized applications (dApps) from the second to the third quarter of the year, reaching an unprecedented milestone of 17.2 million.
Among various sectors within the dApp landscape, applications associated with artificial intelligence (AI) stand out, achieving an impressive average of 4.3 million daily UAWs and a staggering 71% growth on a quarterly basis.
Key drivers of this AI uptake include the data processing layer DIN and the distributed AI data platform Alaya AI, reflecting the rising trend of AI integration within blockchain technologies.
Overview of dApp Trends
Gaming Sector Activity Declines
Despite remaining the leading category regarding user engagement, the gaming segment has slightly decreased its share of the dApp market from 28% to 26%. This decline may indicate a user shift toward more innovative applications, particularly in AI and social networking.
The most actively used dApp in the gaming sector was the Toncoin-based gamified wallet HOT Game, which garnered 1.64 million UAW in the third quarter. In contrast, Ronin-based Pixels ranked fifth among all dApps, attracting 656,000 UAW, making it the only pure gaming application in the top five.
Emergence of Social dApps
The social dApp segment captured 19% of the total user activity during this period. Notably, the modular data layer CARV emerged as the top social dApp, achieving 1.24 million UAW in the third quarter.
Decentralized Exchanges (DEX) Report
Trends in DeFi and DEX Growth
The decentralized finance (DeFi) ecosystem experienced a 12% decline in total value locked (TVL), dropping from over $150 billion to approximately $133 billion by the end of September.
Despite this overall decrease, decentralized exchanges (DEX) like Raydium and Uniswap reported significant user growth, driven primarily by memecoin trading activities.
- Solana-based Raydium attracted 1.18 million daily UAW in the last quarter.
- Uniswap saw a cumulative total of 459,000 daily UAW across its V2 and V3 platforms.
- Additionally, Jupiter Exchange achieved 216,000 daily UAW, positioning it as the third-largest DeFi application by user engagement.