The number of daily unique active wallets on AI-powered crypto apps grew 23% in May, eating into the market share of DeFi and Web3 gaming, says DappRadar.
Artificial intelligence is firming up its role in Web3 as the number of AI-powered decentralized applications (DApps) and their active users have grown so far this year, according to DappRadar.
AI-backed DApps saw 4.8 million daily unique active wallets over May, representing a 23% growth and showing that they are “steadily establishing themselves within the decentralized ecosystem,” DappRadar analyst Sara wrote in a June 5 DApp report for May.
“AI decentralized apps are challenging gaming and DeFi for dominance in the DApp ecosystem,” Gherghelas added.
Decentralized finance (DeFi) and blockchain-based games have for years been some of the largest apps by total value locked and users on most blockchains, and Gherghelas said that AI-powered DApps aren’t just hype, but a trend “reflecting a broader societal shift toward open, user-owned technologies.”
The report noted that the top-performing AI DApps last month remain largely consistent, highlighting the strong staying power of early market leaders.
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