The DAPP industry grew by 10 % in May despite the defect back.
The DAPP industry grew by 10 % in May despite the defect back.
According to Dappradar's monthly industry report, the decentralized application industry grew by 9.97 %in May. The newspaper added that an average of 1,967,051 Daily Unique Active Wallets (Duaw) were achieved.
The study attributed growth to the gaming sector and decentralized financing (Defi), but the latter recorded a decrease in the overall value.
These sectors continued to show "promising signs of growth and stability, which further underlines the importance of this flourishing industry," it says.
gaming dapps dominate
The gaming sector was dominant with 36% of all DAPP activities and 711,913 Duaw. In May it rose by 5.97 %compared to the previous month. With 550 million transactions, Blockchain-Gaming also had a 77 percent dominance over the transactions of the entire DAPP industry, according to the report.
The number of unique active defi wallets rose 18 % to 607,945, which gives the sector a DAPP market share of 31 %. Social Dapps were the third largest sector in the industry, with a dominance of 12 %, but a decline in Duaw by 5 % this month.
The report, however, determined a decline in the total defecting value for the month:
"Despite the growing hypes and the increasing acceptance of defi protocols, the TVL presents an opposite narrative and recorded a decline by 4.3 % to $ 79.16 billion."
Defillama has another number for TVL of $ 52.74 billion, but confirms that the number has dropped in May.
BNB Chain was the market leader for DAPP activities with an increase of 8.68 % to 532.056 Duaw.
"Interestingly, the observed increase in the duaw occurred at blockchains that offer defi products," the report says.
Measured by the Duaw, Stargate Finance was the most popular DAPP this month at just over two million. This key figure has now overtaken it after the number of users rose by 40 % in May.
outlook on the cryptom market
The cryptoma markets also decreased in May, with the overall market capitalization decreasing by 2 %. However, the markets were mostly sideways over the course of the month, and that will remain so on weekends.
The total upper limit rose by 0.9 % to $ 1.18 trillion at the time of writing. BTC had grown slightly and exceeded the $ 27,000 mark again, while ETH added $ 1,883 to $ 1,883.
low volumes and volatility have ensured that crypto-assets are kept within limits, but on-chain data indicate that an outbreak is imminent.
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