The second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporary airdrops.
According to a July 4 report from blockchain analytics platform DappRadar, the number of users using Web3 applications reached a record high in the second quarter. The number of daily unique active wallets (dUAW) was approximately 10 million over the course of the quarter, a 40% increase from the first quarter and the highest number ever reached.
According to the report, “[e]ach sector of the DApp [decentralized application] industry has experienced notable growth, contributing to an overall bullish trajectory.”
The social sector saw the largest percentage growth, with a more than 66% increase in dUAW, driven by apps like Fantasy.top and UXLINK. The blockchain gaming sector also registered more users during the quarter, though its overall share declined slightly compared to other sectors.