Dapp industry saw daily unique active users rise 50% in 2022

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  • The decentralized application (Dapp) industry sees a 50% increase in unique active wallets in 2022.
  • DappRadar’s 2022 report shows that DeFi, gambling and blockchain gaming were the most popular dapps.
  • However, the DeFi protocol saw only a 2% increase in unique active wallets, even as total value locked (TVL) increased by 73%.

2022 has been one of the most brutal for the cryptocurrency industry, with crypto winter not only accompanied by falling prices but also major negative events. DappRadar, the world’s largest dapps store, is an example of the implosion of FTX. Dapp Industry Report 2022,

But despite the turmoil and ongoing bear market, crypto has shown a resilience that is reflected in events like the successful merge of Ethereum which saw a 99.9% drop in energy consumption.

DappRadar indicated in its year-end report that the year has also seen several other surprising growth metrics. Significant growth in one of the key metrics decentralized application (dapps) Sector – Growth in overall daily unique active wallets.

Dapps saw 50% growth in unique active wallets

The dapp industry reports a 50% increase in daily unique active wallets (dUAW) for 2022, DappRadar reports. According to the data, dUAWs are expected to increase from an average of 1.58 million in 2021 to over 2.37 million in 2022.

According to the report, DeFi, gambling and sports are the most popular dapp categories. Although DeFi activity decreased, dUAW only increased by 2% from a daily average of 652,970 to 641,510 in 2021.

Gambling dapps recorded 53,364 dUAW in 2021, but this number is set to increase by 106% to an average of 110,140 dUAW in 2022.

The blockchain-based game also saw a significant jump in daily unique active users, pushing the metric from 622,620 dUAW to 1,152,255 daily unique active wallets in 2022, an 85% increase.

DeFi industry TVL to decrease significantly in 2022

While the dapp industry remains on the path to greater adoption – we recently highlighted The sector saw a 31% increase in users in the third quarter of 2022 – the Total Value Locked (TVL) shrunk massively amid the bear market.

In 2022, DeFi TVL is set to decline by 73.97% to $55 billion by December, down from an all-time high of $256 billion in December 2021.

Despite the significant decline, the top two DeFi chains remain the Ethereum and BNB chains – which have unfortunately seen their TVL shrink to 74.56% and 62.5% respectively in 2022. Meanwhile, Layer 2 solutions like Arbitrum and Optimism have fared better. For example, Arbitrum’s TVL fell only 12% while Optimism jumped 127%

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