DAPPRADAR: DEFI AND NFT UPTICKS In May they could mark the start of recovery

As Bitcoin increased to a new historical maximum in May, causing impulse among cryptocurrencies, the decentralized application industry also saw a revival.

In fact, the latest Dappradar findings identify May 2025 as a turning point for the DAPP sector. During the same period, the NFT market also saw signs of life.

Turning point for the DAPP ecosystem

In May, the DAPP industry exhibited a renewed optimism since the unique active newspaper (DUAW) increased 8% to 25 million, in the midst of broader positive trends in the market. Notable growth was observed in three key sectors: AI DAPPS increased 23% to 4.8 million Duaw, social DAPPS grew 21% to 4.3 million and NFT DAPPS increased 9% to 3.9 million.

These specific profits of the sector indicate a greater participation of the user and contribute to a more balanced DAPP ecosystem, according to Dappradar’s report. Meanwhile, it was discovered that AI, Defi DAPPS and games had been converging in terms of user activity, and each captured a similar participation, which evidenced a diversified market and maturation

The Defi sector also maintained a strong growth since the total locked value (TVL) increased by 25% to around $ 200 billion. This growth is aligned with the General Market Rally, driven by the new increase in 40% Bitcoin Ethereum prices and the increase in 40% prices of Ethereum, which increased the values ​​and liquidity of defi assets.

The decentralized exchange hyperliquid stood out when reaching $ 244 billion in negotiation volume, capturing approximately 10% of the Binance market share despite the massive criticisms of prominent actors in the industry after the controversial management of a market manipulation incident. This achievement placed hyperlichid between the 5 main exchanges through the volume of negotiation, on centralized and decentralized platforms, and within the 10 main per TVL in all blockchain networks.

NFT market rebounds

Meanwhile, the NFT market showed a renewed activity in May, with the negotiation volume increasing 40% month to month to $ 280 million. Transaction counts also rose 35%, totaling 2.7 million. Although these figures point out that they improve the impulse, Dappradar said it is premature to call it a complete recovery. Continuous growth in the coming months will be crucial, but recent profits still offer a promising signal for the sector.

Ethereum recovered its advantage in the NFT market in May, with a 30% jump in the negotiation volume and a market share of 53%. It was followed by 13% immutable Zkevm and 10% summary. The 1200% increase in the summary was largely driven by speculation linked to agricultural incentives and possible air.