On July 4, a report from blockchain analytics platform DappRadar revealed that in the second quarter, the number of users utilizing Web3 applications soared to an all-time high.

The report indicated that there were approximately 10 million daily unique active wallets (dUAW) throughout the quarter, marking a substantial 40% surge from the first quarter and establishing a new record for user engagement.

The report states that every sector within the DApp (decentralized application) industry has seen substantial growth, further bolstering an overall positive outlook for the industry.

The social sector experienced remarkable growth, with a significant increase of over 66% in daily active user engagement (DAU).

This surge was primarily fueled by the popularity of apps such as Fantasy.top and UXLINK.

Additionally, the blockchain gaming sector also observed a notable uptick in user adoption during the quarter, although its overall market share experienced a slight decline when compared to other sectors.

During the first quarter of 2023, the non-fungible token (NFT) marketplaces experienced a surge in activity, with a total trading volume of $4 billion.

This quarter saw a remarkable 14.9 million individual NFT trades taking place. Notably, Magic Eden, an NFT marketplace, witnessed a substantial growth in its market share, rising from 17% to 22%.

On the other hand, the leading marketplace, Blur, saw its market dominance decline significantly from 62% to 31%.