TL; DR
- dUAW record: Beginning 2024 with 5.3 million daily active wallets, an increase of 18%.
- DeFi on the rise: DeFi reaches $110 billion in TVL, Ethereum leads with 68%.
- NFT and gaming boom: NFT Operations for $1.5 billion, with emphasis on Azuki; Gaming at 1.5 million dUAW, 28% of the industry.
The decentralized application industry (Dapp). started 2024 of An impressive milestone: 5.3 million daily active unique wallets (dUAW), marking an An increase of 18% compared to the previous month.
This number, the highest since 2022, indicates continued momentum And optimism on the horizon with the approaching Bitcoin halve.
Within the industry the blockchain gaming sector maintains its leading position 1.5 million dUAW, shows consistency in his performance.
At the same time, decentralized finance (DeFi) space has reached a new highlight, of Total Value Locked (TVL) of $110 billionup 7% and Ethereum consolidates 68% of the TVL.
This increase is attributed to growing confidence in the onset of a new bull market, fueled by the launch of new chains that offer ‘airdrops’.
Non-fungible token transactions (NFT). to have also recorded a trading volume of $1.5 billion, with 903,479 unique merchants.
Featured collections such as Azuki, Gas Hero, STEPN and NodeMonkes show the diversification of the NFT market, moving away from prominent collections.
In terms of specific Dapps, KAI-CHING continues its dominance as the top, followed closely by motoDEX
a new contender, Sleepless AI, has fast gained ground third place, which underlines the power of gaming on Web3.
Ethereum maintains his rule DeFi, to cling 68% of the TVL.
The launch of the “Dencun” project And his “proto-thank-hardening” function show an important step in this direction reducing transaction costs and improving data storage in secondary layers of Dapps.
Despite a 16% drop in NFT trading volume, Blur stands out with a 47% share of trading volumealthough it represents only 4% of sales.
This phenomenon indicates a focus on high-value NFTs with an average price of $3,260.
In the meantime, Open sea, although with a lower share in volume (6.6%), dominates 14% of sales with an average price of $136.
Blockchain gaming sector demonstrates its impact, with 1.5 million dUAW, represent 28% of the Dapps industry.
Four of the six most traded NFT collections are linked to games on the blockchain, which emphasizes the growing integration of NFTs and games.
However, the industry is not without challenges.
Vulnerabilities and hacking have led to significant losses, with $41 million in January, an increase of 180% year-on-year.
This emphasizes the importance of safety in the field of digital assets.
The Dapps industry shows continued growth And diversification, with gaming, DeFi and NFTs playing a key role.
although faced with security problems, the sector seems to be ready for it continuous innovation And expansion.