HomeNewsExploring the Rise of Decentralized Apps (Dapps) in 2024

Exploring the Rise of Decentralized Apps (Dapps) in 2024

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  • GameFi sector sees growth, with MotoDEX engaging 3.2 million active wallets.
  • VeChain’s VeBetterDAO testnet alpha phase boosts decentralized ecosystem.

User activity in the field of decentralized applications (Dapps) is increasing noticeably. Coin98 Analytics has released a chart showing the popularity of DAPPs ranked by unique active wallet addresses during the previous 30 days.

With 5.2 million distinct active wallets, UXLINK, a decentralized social platform, leads the field. Nearly behind with 4.39 million are HOT Game, 4 million for Raydium, and 3 million for Jupiter.

Other noteworthy entries are 2.3 million unique active wallets on the GameFi project motoDEX and 2.5 million on the shooting game Matr1x.

GameFi Sector’s Remarkable Growth

Particularly, the game-related industry has grown significantly. With 3.2 million unique active addresses, MotoDEX is unique among gaming communities and demonstrates its high level of interaction.

With numerous projects seeing different unique active wallet numbers, the GameFi market is dynamic. The 45.32% increase in unique active wallets reported by Pixels, another GameFi project, demonstrates how successful and appealing the sector is.

Complementing these results is a recent DAppRadar analysis that shows a 77% increase in Dapps usage in the decentralized application industry in Q1 2024.

Within the larger Web3 ecosystem, this boom is mirrored in the 324% rise in active wallets for social Dapps. This tendency demonstrates the wide range of interests in decentralized platforms outside of gaming.

VeChain’s Venture into Decentralized Ecosystems

On the other hand, ETHNews recently reported that VeChain’s decentralized application effort. Currently in alpha, VeChain has introduced VeBetterDAO, their dApp testnet environment.

With this advancement, VeChain’s accessibility and usefulness within the blockchain ecosystem have greatly increased.

VeBetterDAO will provide a solid foundation for community-driven initiatives and decentralized governance, further enhancing the decentralized application landscape.

Meanwhile, according to CoinMarketCap, the VeChain native token price, VET, is currently around $0.02555, down 11.8% over the last 24 hours. It also reflects a 15.70% bearish position over the last seven days.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628