Decentralized applications, also known as dApps, have experienced a remarkable surge in usage, reaching record activity levels in the third quarter. According to DappRadar’s latest report, there were 17.2 million daily unique active wallets (UAW), marking a 70% increase from the previous quarter.
One of the standout performers in the dApp industry was applications related to artificial intelligence (AI), which saw significant growth and averaged nearly 4.3 million daily UAWs. Key players in this sector included the data processing layer DIN and the distributed AI data platform Alaya AI, driving the overall surge in AI-related dApps.
The report also highlighted a shift in user activity from the gaming sector to more innovative applications such as AI and social platforms. While gaming remains dominant, its overall market share decreased slightly from 28% to 26%. The most active dApp in the third quarter was the Toncoin-based gamified wallet HOT Game, with 1.64 million UAW, followed by Ronin-based Pixels with 656,000 UAW.
In the social dApp sector, the modular data layer CARV emerged as the most active social dApp, capturing 19% of all activity in the third quarter with 1.24 million UAW. Additionally, decentralized exchanges (DEX) like Raydium and Uniswap experienced substantial growth despite a 12% decline in total value locked (TVL) in the DeFi ecosystem. Raydium, based on Solana, recorded 1.18 million daily UAW, while Uniswap had 459,000 daily UAW across V2 and V3.
Jupiter Exchange also contributed to DEX activity in the third quarter, registering 216,000 daily UAW and becoming the third-largest DeFi application by user engagement. The overall trend indicates a growing excitement around AI technologies and their integration into the blockchain industry, as well as a shift towards more innovative dApp sectors beyond gaming.
The surge in dApp activity reflects the evolving landscape of decentralized applications and the increasing adoption of new technologies within the industry. As users explore different sectors and applications, the potential for growth and innovation in the dApp market continues to expand, setting new records and pushing the boundaries of what is possible in the decentralized ecosystem.