The daily number of independent active wallets interacting with DApps

Kitu11

On October 8th, DappRadar released its Q3 Cryptocurrency Dapp Report. The report reveals that in Q3, the daily number of independent active wallets (dUAW) interacting with DApps increased by 15% compared to Q2, reaching 2.2 million. While blockchain gaming continues to dominate Dapp activity, its dominance has slightly declined. An unexpected development in Q3 is that 12% of the activity came from NFTs. DeFi Total Value Locked (TVL) decreased by 7% to $71.9 billion in the third quarter, with Ethereum, despite an 11% TVL drop, maintaining its leading position. Base has emerged as a significant player in the DeFi sector, quickly accumulating a TVL of $378 million.

The NFT market saw historical lows in metrics such as transaction volume and sales since Q1 2022, indicating a shift in the market and changing interests. In terms of security, vulnerabilities and hacker attacks in the Dapp sector saw a sharp increase in Q3, rising by 204% compared to the second quarter and resulting in losses of up to $701 million, with the Multichain vulnerability alone causing $231 million in losses.