DappRadar recently released its August industry report with the following key highlights:
Daily Unique Active Wallets (UAW) for DApps reached 2 million, marking a 17% month-on-month increase. Within this, blockchain gaming UAWs grew by 6%, comprising 37% of the total.
Total Value Locked (TVL) in the DeFi sector decreased by 5% to $72 billion.
NFT trading volume saw a 16% decline to $559 million, with the number of transactions dropping by 13% to 3.2 million.
Blur held the lead in trading volume with a 38% market share, while OpenSea hit its annual low at 14%, though it still had 212,000 active traders.
Smart contract hacks and investor scams resulted in $28.4 million in cryptocurrency asset losses.
PYUSD faced a lukewarm reception in its first month, struggling to surpass daily trading volumes of $100,000. Its adoption remained low, with only one non-exchange wallet holding over $10,000 worth of PYUSD.