According to the report, DApp activity is up 77% over Q4 2023.
The latest report from DappRadar highlights a slew of bullish indicators in the decentralized application (DApp) and Web3 sector for Q1 2024.
DApps saw a quarter-over-quarter usage increase of 77% on the whole, with a total daily active user wallet count of 7 million. This shows an increase of approximately 40% since February 2024, indicating the highest adoption rates since 2022.
According to DappRadar, the influx of new users “signals a robust recovery and the end of the longest bear market we’ve experienced.”
