**DApps Surge, DeFi and NFTs Face Challenges in Q3 2024**

Decentralized applications (DApps) saw a significant boost in Q3 2024, driven by AI innovations. A DappRadar report from Oct. 8 revealed daily unique active wallets (UAWs) hit 17.2 million, a 70% rise from the previous quarter. AI-focused DApps like Data Intelligence Network (DIN) and Alaya AI led the charge, with DIN reaching 1 million daily UAWs.

However, decentralized finance (DeFi) applications struggled, with total value locked (TVL) dropping from $168 billion to $160 billion. Ethereum’s TVL fell by 20% to $95 billion, while layer-1 blockchains Sui and Aptos saw a 78% increase in TVL.

The NFT market also faced a downturn, with trading volume plummeting 60% to $1.6 billion. Despite this, OpenSea rebounded strongly, dominating in sales and trading volume at $570 million, while competitors Blur and Magic Eden saw declines.