The number of unique active wallets (UAW) in the decentralized app (dApps) ecosystem is up 50% in 2022 compared to 2021.
Analysts at the DappRadar service conducted an annual survey on the decentralized app industry and concluded that despite the prolonged crypto winter, crypto user activity saw an increase in 2022.
The most telling was the growth in the number of unique active wallets (UAW). For example, various dApps recorded an average of 1.58 million daily users in 2021, and this year’s figure rose to 2.37 million.
Among other indicators for 2022, DappRadar analysts highlighted:
- high NFT trader activity;
- increased number of blockchain game users;
- record amounts of money stolen by crypto scammers.
As for the non-fungible token (NFT) industry, NFT trading volume grew by just 0.41% in 2022, but the number of unique traders count increased by 876.89% to 10.6 million. NFT sales reached 68.35 million, an increase of 10.16%. Analysts forecast the NFT market to reach $97.6 billion by 2028.
The report indicated that the positive dynamics in the NFT sector during the year continued primarily due to new participants. In 2022, the NFT marketplace X2Y2 made $1.5 billion in trading volume, while Blur’s trading volume was over $250 million in just a few months. Despite strong growth in new participants, OpenSea still retained its dominant position, although losing about 15% of the market share.
Blockchain games accounted for 49% of dApps user activity in 2022. For example, an average of 1.15 million UAW and 7.4 billion transactions were recorded daily by different P2E games. Splinterlands users remain the most active, with an 85.78% increase in UAW. The popular P2E project Alien Worlds ranked second in UAW, albeit losing 3.67% of users during the year.
According to the report, the cryptocurrency sector suffered a record number of fraud attacks in 2022. Scammers improved their deception tools. This year, each hack of the ecosystem brought hackers an average of $283,000, and fraudsters managed to steal about $728 million every month. Over the year, the crypto market lost $48.74 billion to criminals, $185 million of which were stolen due to romance scams.
Analysts singled out the main goals of scammers this year:
The study by DappRadar reached 49 blockchain integrations tracking 13,000 different dApps and 13,500 NFT collections.
