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Ethereum DApp Activity on the Rise Amid Growing Competition
According to Cointelegraph, the activity of decentralized applications (DApp) on the Ethereum blockchain is on track to match or even exceed last year's levels, despite growing competition from faster and cheaper alternatives. This information is based on a report from the analytics platform DappRadar, which highlights Ethereum's continued dominance in the Web3 space. The peak of Ethereum adoption occurred in 2021, coinciding with the last bull market, marking a year with the highest number of unique wallets and transactions on the network. However, activity declined in subsequent years. Despite this, in 2023 and 2024, there was consistent engagement driven by renewed interest in non-fungible tokens (NFTs), layer two ecosystems, and experimental decentralized finance (DeFi) protocols. DappRadar analyst Sarah GerGelas noted that 2025 is on track to match or exceed 2024, indicating a sustained market momentum. Ethereum remains a cornerstone of Web3, especially in high-value areas.
