May 2023 marked a turning point for the Dapp (Decentralized Application) industry. With rising user activity, a strong resurgence of DeFi, and the consolidation of AI's position in Web3, the ecosystem is showing signs of stability and maturity. From market recovery to infrastructure upgrades and shifts in user preferences, May highlighted how Dapps are continuously evolving in terms of long-term utility, not merely reflected in hype cycles.

Key Points:

In May, the number of daily active unique wallets (dUAW) reached 25 million, a growth of 8%, indicating a healthy development trend for the entire ecosystem.

The total value locked (TVL) in DeFi grew by 25%, reaching $200 billion, thanks to a 40% increase in Ethereum prices and Hyperliquid's $244 billion trading volume.

NFT trading volume increased by 40%, reaching $280 million, with transaction counts growing by 35%, primarily driven by Ethereum, Abstract, and Telegram-related domain names.

The daily active user wallets (dUAW) for AI Dapps reached 4.8 million, a growth of 23%, matching the engagement levels seen in DeFi and gaming sectors.