AI solidifying role in Web3, challenging DeFi and gaming: DappRadar

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.

Read more