DeFi TVL Hits Record $292B Despite 18% Drop in Daily Active Wallets

📊 DeFi hits records

By RADAR Staking
Sep 8, 2025, 2:25 PM
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Mixed signals emerged from Web3 in August as the dapp industry showed both strength and weakness.​

Daily active wallets dropped 18% to 17M, with social dapps (-63%) and AI dapps (-49%) seeing the steepest declines after months of growth.​

DeFi reached new heights with Total Value Locked surging to $292B (+13% month-over-month), led by Ethereum at $192B.​ The broader market cap hit $3.​82T.​

Gaming showed promise with two Sei games breaking into the top 10, each drawing over 3M users.​

NFTs gained momentum with trading volume climbing 9% to $578M and 5.​5M sales.​ Courtyard outperformed blue-chip collections like BAYC and CryptoPunks.​

AI projects like ZoRobotics and ChainGPT stood out despite sector-wide cooling.​

Read the full DappRadar report for institutional milestones and deeper insights.​

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