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#dApp Industry on Peak
February 2024, the dApp industry reached a new all-time high with 6.7m daily Unique Active Wallets, indicating a market primed for a new bull run:
⚫️Daily Unique Active Wallets (dUAW) hit 6.7m, with NFT dapps surging 24%
⚫️DeFi sector's Total Value Locked (TVL) soared to $159bn, a 45% increase
⚫️NFT trading volume decreased to $1.3bn, but sales count rose to 5.23m
⚫️Magic Eden surpassed OpenSea in trading volume, signaling shifts in the NFT marketplace landscape
⚫️$148m in crypto assets were lost due to exploits and hacks, highlighting ongoing security concerns.
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