Dapp Industry Grew by 10% in May Despite DeFi Declines

According to DappRadar’s monthly industry report, the decentralized application industry grew by 9.97% in May. It has reached an average of 1,967,051 daily unique active wallets (dUAW), the paper added. The gaming sector was dominant, with 36% of all dapp activity and 711,913 dUAW. It grew by 5.97% in May from the previous month. Blockchain gaming also had 77% dominance over the transactions of the entire dapp industry, with 550 million transactions, the report said. Unique active DeFi wallets increased by 18% to 607,945, giving the sector a 31% dapp market share.

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