DappRadar

This report provides an overview of the dapp industry in April, focusing on key trends, developments, and performance indicators. The analysis covers the DeFi and gaming sectors, NFT market dynamics, and notable shifts in market share among leading platforms. Key Takeaways<ul><li>In April, the dapp industry witnessed a marginal decline of just 0.12% in daily unique active wallets (dUAW), averaging 1,788,673 dUAW.  DeFi’s dominance rose to 29% and gaming’s share dropped to 38%.</li><li>DeFi’s TVL experienced minimal growth of 0.02% between the end of March and April, settling at $83.7 billion.</li><li>For the first time, the top three dapps by UAW are all DeFi platforms, with Stargate Finance leading at 1.51 million UAWs, overtaking PancakeSwap.</li><li>April saw an 18.76% decrease in NFT trading volume ($1.4 Bn) and a 9.72% decrease in sales count (5.6 M); the number of NFT traders (364,911 traders) hit a 20-month low.</li><li>Captainz and Nakamigos leveraged the meme trend to drive growth as their trading volume rose 49% (to $18.5 million) and 89.91% ($39.2 million) respectively.</li><li>Blur maintains a 65.94% market dominance as the leading NFT marketplace, while OpenSea’s market share stands at 21.93%.</li><li>Users have lost $104 million in crypto from hackers who managed to exploit smart contracts or scam investors. </li></ul>Dive deeper into the report &#x1f449; <a href="https://dappradar.com/blog/memecoins-and-layer2-solutions-propel-defi-dominance-to-29" rel="noopener noreferrer nofollow">HERE</a> &#x1f448;

Memecoins and Layer-2 Solutions Propel DeFi Dominance to 29%

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