DApp Activity Sees Surge Amid Bitcoin’s All-Time High in Q1 2024

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Decentralized applications saw a rise of 77% in activity in the first quarter of 2024 and a 7 million total daily active user wallet count.DappRadar also noted the renewed interest in non-fungible tokens throughout 2023, following a drop in usage in 2022. The unique active daily users’ wallet counts surged to 4.8 million in 2023, doubling from 2022. In addition, NFTs had the most growth, 166% over the previous year.

Blockchain gaming continues to lead in Web3, commanding a 30% dominance and attracting about 2.1 million daily unique active wallets, a 59% increase from. NFT gaming collections also performed well, with the highest sales in Q1 2024 being Gods Unchained with 1 million, Axie Infinity with 459K, and Arena of Faith with 19.5K.

 

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