Decentralized applications (dApps) saw a rise of 77% in activity in the first quarter of 2024 and a 7 million total daily active user wallet count.
This growth comes as Bitcoin hit an all-time high in Q1 2024, reaching above $73,000.
DApp Activity Resurges
According to DappRadar, the recent increase in new users shows a strong recovery, indicating the end of the longest bear market experienced.
The growth has been attributed to the approval of U.S. spot Bitcoin exchange-traded funds (ETFs), which sent BTC to multiple new all-time highs.
DappRadar also noted the renewed interest in non-fungible tokens (NFTs) 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.
This strength has remained well into 2024, with DappRadar noting a 50% surge in trading volume to $3.9 billion and a 13% increase in sales to $11.6 million in Q1 2024.
We współpracy z: https://cryptopotato.com/dapp-activity-sees-surge-amid-bitcoins-all-time-high-in-q1-2024/
