April 2025 wasn’t an easy month for global markets, but according to DappRadar’s latest Dapp Industry Report, Web3 platforms held their ground with 23 million daily active wallets. Let’s break down what happened, why it matters, and what’s ahead for dapps.
April was a wild ride, but even with all the drama, the dapp industry didn’t just survive—it stood firm.
1) Web3 Holds Steady Despite the Economic Storm
Let’s start with the big picture. While the broader market panicked, the decentralized application industry didn’t move. With 23 million unique daily active wallets (dUAW), user activity stayed consistent. That’s a major sign of maturity for Web3. People are no longer only here for hype—they’re sticking around for utility and community.
Source: X
2) AI and Social Dapps Are on the Rise
Here’s the headline: AI dapps saw a massive 26% growth in April, reaching 3.8 million daily users. That’s the biggest jump across all decentralized application categories. Social dapps weren’t far behind, growing 18% to 3.6 million dUAW.
AI dApps have been experiencing an impressive rise in user activity and are now on track to challenge the established dominance of gaming and DeFi within the dApp ecosystem, according to @DappRadar. pic.twitter.com/28IDpcIcWE
— CryptoWeekly (@WeeklyCrypto) May 9, 2025
Meanwhile, the old favorites—DeFi and Gaming—both saw activity drop. DeFi fell 16%, and Gaming dropped 10%, each landing at 4.8 million dUAW. For the first time in months, DeFi and Gaming only held 21% dominance each. AI now sits at 16%, but at this pace, it might soon take the lead.
3) What Dapps Were Everyone Using?
Let’s talk about the stars of the month.
- Pump.fun on Solana led the charge, thanks to the memecoin mania sweeping through Web3. Believe it or not, memecoins might be driving more excitement than traditional altcoins right now.
- Dmail Network, an AI-powered dapp, also turned heads. It introduced premium encryption for Web2 emails—think Gmail, Outlook, Yahoo—powered by Web3 tech. That kind of real-world use case is exactly what makes AI dapps so exciting.
- On the gaming side, World of Dypians continued to shine with immersive gameplay and strong community engagement.
April’s most used dapps are in, and it’s a diverse lineup.
KAI-CHING, @RaydiumProtocol, @pumpdotfun, @lolaixyz, @Uniswap, @JupiterExchange, @KGeN_IO, @hotdao_, @worldofdypians and @Dmailofficial topped the charts with unique active wallets.
From memecoins to DeFi to gaming,… pic.twitter.com/IxuoyYThJI— DappRadar (@DappRadar) May 8, 2025
The message? Dapps that offer either real utility or good fun, or both, are winning.
4) DeFi Takes a Hit, Then Bounces Back
Trump’s tariff announcement caused panic not just in traditional finance but also in crypto. After the announcement, DeFi’s TVL plummeted from $158 billion to $138 billion. But in a true sense, they rebounded, ending the month at $166 billion, up 6%.
One standout was the Sui ecosystem, which grew by nearly 70%. It partnered with RedStone, Babylon, and Cubist while riding the growing hype around Bitcoin-powered DeFi (BTCfi).
TODAY: The total DeFi TVL has exceeded $100B for the first time since March. pic.twitter.com/VuTXOhEEMp
— Cointelegraph (@Cointelegraph) April 27, 2025
Moving forward, we expect real-world assets (RWAs), yield products, and delta-neutral stablecoins to be the next big thing in DeFi decentralized apps.
5) NFT Market Hits a Slump—But Utility is Keeping It Alive
NFTs had a rough month. Volume fell 19% to $199 million, and sales dropped 11%. But it wasn’t all bad news.
Dapps focused on utility-based NFTs, like Courtyard (real-world assets) and The Sandbox (Metaverse gaming), held strong. Collections like Guild of Guardians and Gods Unchained also remained popular, showing that NFTs tied to games or real-world benefits still have strong communities behind them.
In the last 5 DAYS 7.65 BILLION dollars has been added to total market cap of NFTs
NFT SZN heating up, start collecting, start exploring
Euphoria is coming and NFTs is about to experience a GLORIOUS comeback
pic.twitter.com/ba0gWo0SB9
— FFV (@FFVV1211) May 12, 2025
Interestingly, Domain NFTs (like Telegram usernames) grew 40%, and Metaverse NFTs jumped 69%. Even in a downturn, certain categories are thriving.
6) Security Shaken by Massive Exploit
Unfortunately, April also reminded us that Web3 security still needs work. The market lost a staggering $5.9 billion to exploits, a 2,007% increase compared to March. The main culprit? A single event: the Mantra DAO exploit, which wiped out $5.5 billion after its token OM crashed 90% in hours.
It was a brutal reminder that smart contract security, liquidity protection, and decentralization can’t be afterthoughts. Web3 builders and users alike need to stay alert.
$6 BILLION GONE IN 30 MINUTES – WAS IT ALL PLANNED?
Meet John Mullin – the man behind the biggest collapse since LUNA.$OM holders just lost 90% overnight.
→ $6B wiped out
→ Red flags ignored
→ And a “visionary” CEO who sold the dreamHere’s my full investigation into the… pic.twitter.com/5yhXalJHO7
— Neel (Crypto Jargon) (@Crypto_Jargon) April 14, 2025
Conclusion
According to DappRadar’s Dapp Industry Report, Web3 is still standing strong despite the recent economic storms. AI dapps are becoming key players, memecoins continue to surprise, DeFi bounced back strongly, and NFT projects with real-world use are keeping things interesting. But we also saw a harsh lesson in security, with billions lost to one exploit.
Web3 is still holding its ground, but evolving fast. If you’re paying attention to dapp trends, AI might be the next big thing.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
Copyright Altcoin Buzz Pte Ltd.
The post DappRadar’s Dapp Report: AI Rises in Web3 appeared first on Altcoin Buzz.
