[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-defi-and-social-dapps-lead-in-650191c4ee-2cab-742c-b904-e140a52b50e2":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23,"enrichStatus":19,"triageKind":18,"triageImportance":18,"expandEligible":18,"summarizeEligible":18,"eventEligible":18,"eventType":18,"eventAction":18},"defi-and-social-dapps-lead-in-650191c4ee-2cab-742c-b904-e140a52b50e2","1725584405000","DeFi and social dApps lead in monthly unique wallets for August – DappRadar","\u003Cp>DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, \u003Ca href=\"https://dappradar.com/blog/nft-prices-down-5x-from-early-2024-highs/#Chapter-2\">according\u003C/a> to a \u003Ca href=\"https://cryptoslate.com/companies/dappradar/\">DappRadar\u003C/a> report.\u003C/p>DeFi\u003Cp>Decentralized exchanges Raydium and \u003Ca href=\"https://cryptoslate.com/products/uniswap/\">Uniswap\u003C/a> v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period.\u003C/p>\u003Cp>Notably, Raydium posted 107% monthly growth in activity, while Uniswap v2 fell 9%, highlighting the trend of growing user activity on Solana.\u003C/p>\u003Cp>Despite having two out of five of the most interacted platforms last month and a nearly 10% increase in monthly unique users, DeFi applications averaged 2 million dUAW and only accounted for 12% of all activity seen last month.\u003C/p>Social\u003Cp>Meanwhile, the social sector accounted for 23% of industry activity with 3.9 million dUAW in August, only bested by gaming applications’ 24% dominance.\u003C/p>\u003Cp>The opBNB-based social platform CARV was the most used application last month, with 28 million unique active wallets — a 2,331% monthly increase.\u003C/p>\u003Cp>Moreover, the Web3-based shopping application KAI-CHING saw 16.7 million monthly unique active users, making it the second-largest application by usage in August. This number is significant, as the app deployed on Near Protocol managed this feat despite losing 4% of its user base.\u003C/p>\u003Cp>HOT Game, also deployed on the Near infrastructure, wrapped up the five most used blockchain applications in August, with 4.1 million monthly unique active wallets.\u003C/p>Falling TVL and revenue\u003Cp>Although DeFi applications saw a monthly increase in activity, the sector’s total value locked (TVL) and application revenue have not grown in tandem.\u003C/p>\u003Cp>DeFi dapps saw a 15% slump in August, falling to $124 billion as the wider crypto market experienced declines.\u003C/p>\u003Cp>On the revenue side, DeFi applications saw one of their worst year-to-date months, registering $65.4 million as per TokenTerminal \u003Ca href=\"https://tokenterminal.com/terminal?v=YzQ0MzRhYjk3Yzk1OTBiMDRjNzNkOThl\">data\u003C/a>. This is a 13% drawdown from July’s roughly $75 million in revenue, which contrasts with the increasing activity seen last month.\u003C/p>\u003Cp>The post \u003Ca href=\"https://cryptoslate.com/defi-and-social-dapps-lead-in-monthly-unique-wallets-for-august-dappradar/\">DeFi and social dApps lead in monthly unique wallets for August – DappRadar\u003C/a> appeared first on \u003Ca href=\"https://cryptoslate.com\">CryptoSlate\u003C/a>.\u003C/p>","https://cryptoslate.com/defi-and-social-dapps-lead-in-monthly-unique-wallets-for-august-dappradar/","https://cryptoslate.com/wp-content/uploads/2024/09/defi-socialapp.jpg","[\"Analysis\",\"Crypto\",\"DeFi\"]","[\"Near\",\"Raydium\",\"RAY\",\"Wrapped\",\"Market\"]","[{\"name\":\"Near\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/near.png\"},{\"img\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/coins-lib/full-library/color/RAY.png\",\"name\":\"RAY\"},{\"name\":\"Wrapped\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/wrapped.png\"},{\"name\":\"Market\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/market.png\"}]","65",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/cryptoslate.png","CryptoSlate",null,"","[\"Crypto\"]","0","EN","2"]