On July 4, the analytical platform DappRadar reported a record number of users of Web3 applications in the second quarter. The number of daily active wallets (dUAW) exceeded 10 million, which is 40% more than in the first quarter. 😮

The social sector saw the greatest growth, with over 66% increase in dUAW, driven by Fantasy.top and UXLINK apps.

Trading volume in the non-fungible token (NFT) market reached $4 billion, with more than 14.9 million trades in the quarter.

However, the total value of cryptocurrency locked in decentralized finance applications (TVL) fell by $7 billion, down 4% from the previous quarter.

DappRadar warns that this dUAW growth may be short-lived and is partly due to "airdrop farming."