In May, when Bitcoin reached a new high, the dApp industry showed a clear recovery, with signals of a rebound in the DeFi and Non-Fungible Token markets being detected.
According to the DappRadar report, the daily active wallets (dUAW) in the dApp industry in May increased by 8% compared to the previous month, reaching 25 million. By sector, AI dApps increased by 23% to 4.8 million, social dApps grew by 21% to 4.3 million, and Non-Fungible Token dApps rose by 9% to 3.9 million.
In the DeFi sector, the Total Value Locked (TVL) increased by 25% to $20 billion (approximately 278 trillion won). In particular, Hyperliquid ($HYPE) achieved a trading volume of $244 billion (approximately 339 trillion won), accounting for 10% of BNB's trading volume, despite controversies.
The Non-Fungible Token market also recorded a trading volume of $280 million (approximately 389.2 billion won) in May, a 40% increase from the previous month, with the number of transactions increasing by 35% to 2.7 million.
$ETH reclaimed its market dominance, accounting for 53% of the Non-Fungible Token market, followed by Immutable zkEVM at 13% and Astrakt at 10%. Notably, Astrakt saw a 1,200% surge in trading volume due to farming incentives and airdrop expectations.
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