- The decentralised utility (Dapp) industry saw a 50% development in unique active wallets in 2022.
- DappRadar’s 2022 report reveals that DeFi, playing and blockchain video games dapps had been the most well-liked.
- However, DeFi protocols unique active wallets grew solely 2% at the same time as complete worth locked (TVL) by 73%.
2022 has been probably the most brutal for the cryptocurrency industry, with the crypto winter punctuated not simply with plummeting costs but additionally main detrimental occasions. FTX’s implosion is a case in level, DappRadar, the world’s largest dapps retailer, famous in its Dapp Industry Report 2022.
But regardless of the turmoil and the continuing bear market, crypto has proven a resilience that’s mirrored in occasions similar to Ethereum’s profitable Merge that has seen vitality consumption decline by 99.9%.
The 12 months has additionally witnessed a number of different shocking development metrics, DappRadar indicated in the end-of-year report. One of those is the numerous development in a key metric for the decentralised applications (dapps) sector – a rise in total daily unique active wallets.
Dapps saw 50% development in unique active wallets
According to the DappRadar report, the dapp industry registered a 50% enhance in daily unique active wallets (dUAW) for 2022. Per the information, dUAWs rose from common of 1.58 million in 2021 to over 2.37 million in 2022.
As per the report, DeFi, playing, and video games had been the most well-liked dapps classes. Although DeFi exercise lowered, with dUAW solely rising by 2% to a daily common of 652,970 from 641,510 in 2021.
Gambling dapps registered 53,364 dUAW in 2021, however that quantity elevated by 106% in 2022 to succeed in a median of 110,140 dUAW.
Blockchain-based video games additionally saw a major bounce in daily unique active users, with an 85% enhance in 2022 pushing the metric from 622,620 dUAW to 1,152,255 daily unique active wallets.
DeFi industry TVL decreased considerably in 2022
While the dapps industry stays on the trail to better adoption – we recently highlighted the sector saw a 31% development in users in Q3, 2022 – the Total Value Locked (TVL) shrank massively amid the bear market.
In 2022, DeFi TVL decreased by 73.97% to $55 billion as of December, down from the all-time excessive above $256 billion in December 2021.
Despite the numerous declines, the highest two DeFi chains stay as Ethereum and BNB Chain – which have sadly seen their TVL shrink by 74.56% and 62.5% respectively in 2022. Meanwhile, layer2 options like Arbitrum and Optimism have fared higher. For occasion, Arbitrum’s TVL solely fell 12% whereas Optimism’s jumped 127%
