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2022 turned out to be the most brutal year for the cryptocurrency industry. The crypto winter has been punctuated by major negative events, not just price drops. FTX’s implosion is a prime example, and his DappRadar, the world’s largest dapps store, Dapp Industry Report 2022.
However, despite the turmoil and ongoing bear market, cryptocurrencies have shown resilience, reflected in events such as the successful Merge of Ethereum, which saw energy consumption drop by 99.9%.
DappRadar also showed some other surprising growth figures this year in its year-end report. One of them is the daily increase in total unique active wallets, a key metric for the decentralized applications (dapps) sector.
According to a DappRadar report, the dapp industry will see a 50% increase in daily unique active wallets (dUAW) in 2022. Data show that dUAW has increased from an average of 1.58 million in 2021 to over 2.37 million in 2022.
DeFi, gambling, and gaming were the most popular dapps categories, according to the report. DeFi activity has declined, but dUAW has only increased by 2% from 641,510 in 2021 to a daily average of 652,970.
Gambling dapps hit 53,364 dUAW in 2021, but that number will increase by 106% in 2022, reaching an average of 110,140 dUAW.
Blockchain-based games also saw a significant increase in the number of daily unique active users, growing by 85% in 2022, pushing from 622,620 dUAW to 1,152,255 daily unique active wallets.
While the dapps industry is still on the road to increased adoption (the sector recently highlighted a 31% increase in user numbers in Q3 2022), Total Value Locked (TVL) is in a bear market. has shrunk significantly in
DeFi TVL in 2022 is down 73.97% from a record high of over $256 billion in December 2021 to $55 billion as of December.
The top two DeFi chains remain the Ethereum and BNB chains despite the significant decline. Unfortunately, in 2022, the TVL will shrink by 74.56% and 62.5% respectively. Layer 2 solutions such as Arbitrum and Optimism, on the other hand, have worked well. For example, Arbitrum’s TVL dropped by only 12%, while Optimism’s TVL jumped by 127%.
