DappRadar

One year after Terra Luna, the dapp industry remains strong with 1.9 million daily Unique Active Wallets. This report highlights the industry’s performance in May, including key trends in DeFi, gaming, and the NFT market, as well as notable changes in market share among leading platforms. Key Takeaways<ul><li>The dapp industry grew by 9.97% in May, reaching an average of 1,967,051 daily unique active wallets (dUAW). Gaming retains a 36% activity share, while DeFi is up to 31%.</li><li>Stargate Finance was the most used dapp in May, reaching 2.04 million UAW – a 40% increase, crossing $10 billion in lifetime volume.</li><li>Despite the growing hype and increased adoption of DeFi protocols, the TVL presents a contrasting narrative, experiencing a 4.3% decrease, dropping to $79.16 billion.</li><li>The NFT market demonstrates resilience, with sales counts remaining robust at 3.6 million despite a 44% drop in trading volume ($675 million).</li><li>Ethereum holds 80% of the NFT trading volume but only 5.7% of sales, while Polygon leads with 27% of NFT sales and 276,657 traders.</li><li>Blur maintains a 65% market dominance as the leading NFT marketplace, while OpenSea’s market share stands at 27%.</li><li>Users have lost $54 million in crypto from hackers who managed to exploit smart contracts or scam investors in May.</li></ul>Continue reading &#x1f449; <a href="https://dappradar.com/blog/may-dapp-industry-report" rel="noopener noreferrer nofollow">HERE</a> &#x1f448;

DeFi’s Contrasting Narrative: TVL Drops by 4.3% Amidst Adoption Hype

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