In Q1 2025, the DApp sector displayed resilience despite a mild dip in activity. Leading players are AI and social applications.
Overall Stability of the DApp Sector
In Q1 2025, the DApp industry demonstrated its strength, with only a slight 3% decrease in daily unique active wallets (dUAW), which totaled 24 million. AI and social DApps emerged as leaders, increasing activity by 29% and 10% respectively.
DeFi Challenges and Solana's Dominance
The DeFi sector faced the most challenges, recording a 15% decline. Nevertheless, Solana showed strong results, powering three out of the five most active DApps. Pump.fun, which supports token launches on Solana, saw a 112% increase in usage, highlighting interest in meme coins.
NFT Market Trends in Early 2025
The NFT market stumbled into 2025, with trading volume falling to $1.5 billion — a 24% drop from the previous quarter. While total sales only declined by 10%, this points to a reduction in high-value transactions. OKX ranked highest in NFT trading volume, while OpenSea led in transaction numbers, aided by its OS2 update.
Overall, Q1 2025 showcased the DApp sector's resilience amidst challenges in DeFi and NFTs, with AI and social applications continuing to engage users.
