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DApp market dips as AI gains 8.5% wallet share

DApp market dips as AI gains 8.5% wallet share

GrafaGrafa2025/02/07 06:00
By:Mahathir Bayena

The decentralised application (DApp) market saw a general contraction in January 2025, although AI-driven DApps are showing growth.

According to a DappRadar report released on February 6, the average daily unique active wallets (UAW) decreased by 6% compared to December, settling at 26.7 million.

Despite this decline, the DeFi sector expanded, capturing 28.1% of active wallets, slightly surpassing the gaming sector at 27.8%.

NFT DApps accounted for 16.1% of the market, while SocialFi applications held a 6.3% share.

AI-powered DApps recorded 2.2 million unique active wallets, representing 8.5% of the total DApp market.

DappRadar described AI as a "major growth sector" and a potential catalyst for the next bull market in Web3.

This growth allowed AI DApps to surpass SocialFi applications.

Within the AI category, a DApp called "LOL" led with 28.6 million unique active wallets in January.

Dmail Network followed with 4.9 million, and the virtual influencer platform MEET48 had 2.8 million.

These figures emphasise the increasing interest in AI applications within the Web3 space.

Researchers from Sygnum Bank identified crypto AI agents as an emerging trend for 2025, noting substantial growth in interest in AI-related crypto projects.

On February 6, Tether (CRYPTO:USDT) CEO Paolo Ardoino announced on X that Tether is venturing into AI applications, developing an AI translator, voice assistant, and Bitcoin wallet assistant.

"Even though the impact and importance of AI in the DApp space has yet to be crystalised, we believe this category is poised to grow further," DappRadar stated.  

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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