The unique active wallets for blockchain apps more than doubled in 2023.
The number of unique active wallets (UAW) that engaged with Web3 apps increased by 124% in 2023, according to a Jan. 11 report from blockchain analytics platform DappRadar. Near, Klaytn and Arbitrum led the year in growth, while Harmony, Solana and Hive saw a decline in users.
UAW is a measurement of how many wallets interact with a Web3 app, also known as a decentralized application (DApp), over a particular time period.
Over the course of the year, an average of 4.2 million UAWs interacted with these apps daily, more than double the previous year’s users. Nonfungible token (NFT) products led the way in growth, posting a 166% increase over 2022, while decentralized finance (DeFi) came in second with a 112% increase. Social media apps posted a 29% gain, thanks to “leading protocols” Friend.tech, Lens Protocol and Galxe, according to the report.
