The Activity of Decentralized Applications (DApps) Surged in January Thanks to Web3 Games and DeFi Protocols. According to DappRadar Data, the number of daily active wallets in the DApps ecosystem surpassed 5 million wallets, reaching its highest point since 2022.
Web3 Games Applications
In total, over 5.3 million unique daily active wallets (dUAW) interacted with various DApps in the ecosystem, representing an 18% increase compared to December 2023. Leading user activity in DApps is the social rewards and payment platform, KAI-CHING, with 7.77 million daily active wallets. Next are Web3 games: MotoDEX, with 3.6 million wallets, and Sleepless AI, with 2.65 million wallets.
Regarding blockchains, those with the most registered users were NEAR, surpassing 10 million daily active wallets; BNB Chain, with 7.7 million wallets; and zkSync Era, with 5.45 million daily wallets.
Blockchain Web3 Games Applications
As mentioned above, the standout sector in DApp activity in January was Web3 games, accounting for 28% of activity. Blockchain-powered games recorded 1.5 million daily active wallets. Additionally, four of the top DApps in terms of users are related to Web3 games, while four of the six most traded NFT collections are also linked to games, according to DappRadar in its report.
DeFi and Airdrops
DeFi DApps solidified a user base above one million wallets in January, establishing itself as the second most important sector in the industry. The interest in tokens launched through airdrops is linked to the good figures recorded in DeFi, explains the report. According to DappRadar data, Jupiter Exchange, based on Solana; PancakeSwap, and SyncSwap channeled the highest number of daily users in the last 30 days.
Social DApps Experienced the Highest Growth
Meanwhile, DApps linked to social applications recorded over 868,000 daily users in January, a 262% increase from December. User interest focused on social platforms such as KAI-CHING, CARV, Dmail Network, and Galxe.
Blur, Leader in the NFT Sector
According to DappRadar figures, the NFT sales volume decreased by 16%, dropping from $1.8 billion to nearly $1.5 billion in January. Commercially, the NFT market, Blur, continues to be the undisputed leader, with a market share of 47%, surpassing $724 million in trading volume. OpenSea continues to decline, with a market share of 6.6%, the lowest in the platform’s history. NFT markets like OKX NFT and Magic Eden surpassed OpenSea’s trading volumes, with $213 million and $110 million, respectively.