AI decentralized apps are coming for the Web3 throne: DappRadar
AI decentralized apps (DApps) are gaining traction in the decentralized ecosystem and could soon overshadow gaming and decentralized finance (DeFi). According to DappRadar, AI's growth is notable as it reached 16% market dominance among unique active wallets in April, up from 11% in February, while both gaming and DeFi hold steady at 21%. The daily user activity for AI DApps surged over 26% to 3.8 million daily active users, contrasting with a 16% drop in DeFi activity to 4.8 million. Leading AI DApps include LOL, an AI-powered mining system, the decentralized messaging service Dmail Network, and World. Fun. This increase is accompanied by a rise in social DApps, which also experienced an 18% uptick, reaching 3.6 million daily users. Despite overall market fluctuations, the Web3 landscape, with 23 million daily active wallets in April, reflects a strong user interest especially in utility-driven projects. DappRadar's data suggests a potential shift in the DApp hierarchy as AI initiatives thrive.
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