Despite the dominance of the bearish trend in the digital asset market, decentralized applications (DApps) showed a 9.97% increase in trading volume in May.
A report from DappRadar said the number of unique wallets sending and receiving funds daily reached 1,967,051 last month.
The gaming sector and the DeFi decentralized finance market showed the greatest growth.
DappRadar analysts emphasized:
Both sectors [gaming services and DeFi] are demonstrating strong and stable growth rates, which proves the development of the industry and the attraction of new users.
The ecosystem of gaming DApps remains dominant. Up to 36% of the total number of transactions are made by gamers. In May, the gaming application market increased by almost 6% to 550 million transactions.
The number of active addresses in the DeFi ecosystem increased by 18% to 607,945. This sector accounts for up to 31% of the total number of transactions in the blockchain application market, the report’s authors noted.
The most active users were DApps deployed on the Binance Chain network. The number of addresses on this blockchain jumped by 8.68%.
