Web3 has shown signs of resurgence in this ‘Uptober,’ according to DappRadar’s latest industry report, suggesting the dApp market may have finally found its footing after a long bearish trend. The analysis points towards a potentially imminent bull run, as crucial metrics have either stabilized or recorded growth.
Blockchain
Unique Active Wallets (Sep 2023)
Unique Active Wallets (Oct 2023)
Average dUAW, % change MoM
Near
641K
687K
7%
BNB Chain
446K
433K
-3%
Wax
328K
313K
-5%
ZKsync
302K
242K
-20%
Polygon
194K
199K
3%
NEAR Protocol continues to lead with the most daily average unique active wallets (dUAW), growing by 7% to 687,000. Gaming dApps have seen a notable increase in activity, with their industry dominance rising to 62%. This sector now accounts for 1.66 million dUAW, a 17% increase from September.
The Decentralized Finance (DeFi) landscape, while seeing a 14% rise in Total Value Locked (TVL), has experienced a 13% drop in dUAW. Ethereum maintains its stronghold in the De
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