Decentralized Apps (Dapp) Market Surges by 9.97% in May

Decentralized Apps (Dapp) Market Surges by 9.97% in May

The decentralized finance (DeFi) and gaming industry were responsible for the expansion.
The gaming industry accounted for 36 percent of total dapp use and 711,913 dUAW.
The monthly industry analysis by DappRadar shows that the market for decentralized apps increased by 9.97% in May. The firm notes that the number of daily unique active wallets (dUAW) has already hit an average of 1,967,051. The study found that the gaming industry and decentralized finance (DeFi) were responsible for the expansion, however, DeFi has seen a fall in total value locked recently.
The gaming industry accounted for 36 percent of total dapp use and 711,913 dUAW. In comparison to April, growth in May was 5.97%. According to the research, there were 550 million dapp transactions in total, with 77% coming from blockchain games.
DeFi TVL Declines
With an 18% growth to 607,945 unique active DeFi wallets, the industry now has a 31% share of the dapp market. The third biggest industrial segment was social dapps, wh

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