<\/p>\n
Web3 activity increased in June despite regulatory actions targeting top centralized exchanges, according to a new report from DappRadar.<\/p>\n
The report found that nearly 2M wallets interacted with dApps daily in June, a 1.4% increase compared to May. While web3 gaming held its position as the top sector with 36% of users, DeFi closely followed with 35% after growing 14%. Six of the ten most popular dApps represent the DeFi sector.<\/p>\n
DappRadar attributed the increased adoption to airdrop hunters racking up transactions on Layer 2s zkSync Era<\/a> and StarkNet<\/a>in addition to the cross-chain bridging protocol LayerZero<\/a>,<\/p>\n The increase in web3 activity follows June’s tumultuous news cycle. The month began with the crypto markets tumbling after the US Securities and Exchange Commission filed lawsuits against top centralized exchanges Coinbase<\/a> and Binance<\/a>,<\/p>\n However, the SEC went on to approve a new custodial crypto exchange backed by financial incumbents Citadel Securities and Charles Schuab the following week. With the news coinciding with a flurry of filings for Bitcoin ETFs<\/a>Wall Street’s renewed interest ignited bullish momentum for digital asset prices.<\/p>\n Despite the broader dApp sector hosting an increase in users, the number of active wallets on Ethereum crashed by 50% to 77,000 in June. DappRadar attributed the decline to a sharp drop in NFT activity. Ethereum is now the sixth-ranked chain by unique active wallets, slipping two spots since May.<\/p>\n BNB Chain retained its sizable lead by active users with 545,000, followed by Wax with 380,000, and Polygon with 162,000. ZkSync Era ranked fourth with 105,000 after a 52% monthly gain.<\/p>\n Stargate, a cross-chain bridge, held its position as the most popular protocol, with 2.4M unique users in June. The popular PancakeSwap DEX’s v2 and v3 iterations ranked second and third with 987,000 and 850,000, respectively. Sweat Economy, an Ethereum and Near-based move-to-earn<\/a> The protocol, was fourth with 770,000 unique wallets.<\/p>\n NFTs drove $888M in volume from 4.24M sales, a 17% increase over May.<\/p>\n Blur continues to outpace OpenSea with 61% of trade volume after growing 20% \u200b\u200bin June. OpenSea hosted just 19% of volume\u2014its lowest market share since January 2021.<\/p>\nEthereum Users Plummet<\/h4>\n
Active NFT Traders Drop 44%<\/h4>\n