{"id":30793,"date":"2025-06-07T21:17:18","date_gmt":"2025-06-07T21:17:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30793"},"modified":"2025-06-07T21:17:18","modified_gmt":"2025-06-07T21:17:18","slug":"dappradar-defi-and-nft-upticks-in-may-could-mark-start-of-recovery","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30793","title":{"rendered":"DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery"},"content":{"rendered":"
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As Bitcoin surged to a new all-time high in May, sparking momentum across cryptocurrencies, the decentralized app industry also saw a revival.<\/p>\n

In fact, DappRadar\u2019s latest findings identify May 2025 as a turning point for the dapp sector. During the same period, the NFT market also saw signs of life.<\/p>\n

Turning Point for the Dapp Ecosystem<\/h2>\n

In May, the dapp industry exhibited renewed optimism as the daily Unique Active Wallets (dUAW) rose 8% to 25 million, amid broader positive market trends. Notable growth was seen in three key sectors: AI dapps surged 23% to 4.8 million dUAW, social dapps grew 21% to 4.3 million, and NFT dapps increased 9% to 3.9 million.<\/p>\n

These sector-specific gains indicate stronger user engagement and contribute to a more balanced dapp ecosystem, according to DappRadar\u2019s report<\/a>. Meanwhile, AI, DeFi, and gaming dapps were found to have been converging in terms of user activity, and each captured a similar share, which evidenced a diversified and maturing market<\/p>\n

The DeFi sector also maintained strong growth as the Total Value Locked (TVL) surged by 25% to around $200 billion. This growth aligns with the overall market rally, driven by Bitcoin\u2019s new all-time high and Ethereum\u2019s 40% price increase, which boosted DeFi asset values and liquidity.<\/p>\n

Decentralized exchange Hyperliquid<\/a> stood out by reaching $244 billion in trading volume, capturing about 10% of Binance\u2019s market share despite massive criticism<\/a> from prominent industry players after the controversial handling of a market manipulation incident. This achievement positioned Hyperliquid among the top 5 exchanges by trading volume, across both centralized and decentralized platforms, and within the top 10 by TVL across all blockchain networks.<\/p>\n

NFT Market Rebounds<\/h2>\n

Meanwhile, the NFT market showed<\/a> renewed activity in May, with trading volume rising 40% month-over-month to $280 million. Transaction counts also climbed 35%, totaling 2.7 million. Although these figures signal improving momentum, DappRadar said that it is premature to call it a full recovery. Continued growth over the coming months will be crucial, but the recent gains still offer a promising sign for the sector.<\/p>\n

Ethereum regained its lead in the NFT market in May, with a 30% jump in trading volume and a 53% market share. It was followed by Immutable zkEVM at 13% and Abstract at 10%. Abstract\u2019s 1200% surge was largely driven by speculation tied to farming incentives and potential airdrops.<\/p>\n

The post DappRadar: DeFi and NFT Upticks in May Could Mark Start of Recovery<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin surged to a new all-time high in May, sparking momentum across cryptocurrencies, the decentralized app industry also saw a revival. In fact, DappRadar\u2019s latest findings identify May 2025 as a turning point for the dapp sector. During the same period, the NFT market also saw signs of life. Turning Point for the Dapp […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30793","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30793"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30793\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}