Social dApps and their life in the blockchain space: • Market dominance of social dApps (decentralized applications) has increased significantly, growing from 1% in Q3 2022 to 13% in Q2 2023 in terms of unique active wallets (UAWs), according to Dappradar. 🔼 • Transaction volume on Web3 social platforms surged by 72% in Q2 2023 compared to Q1 2023, with a total of $17 million USD, revealing an untapped market with huge growth potential. 🤑 • Leading the social dApps arena is Hooked, with 320k monthly average UAWs and 10 million transactions, followed by CyberConnect with 155k UAWs and 15 million transactions. 🏅 • BNB chain dominates as the most used blockchain for social dApps, boasting 612k monthly UAWs, trailed by Polygon (103k UAWs) and Hive (14k UAWs). 🏆 Demonstrating resilience against the current downturn in crypto sentiment, social dApps present a promising future, with the potential to transform digital social dynamics. Follow Gamestarter on: Website | Twitter | Telegram | Announcements | Discord | TikTok | Twitch | Medium | Instagram | Reddit | Spotify

Social dApps and their life in the blockchain space: • Market dominance of social dApps (decentralized applications) has increased significantly, growing from 1% in Q3 2022 to 13% in Q2 2023 in terms of unique active wallets (UAWs), according to Dappradar. 🔼 • Transaction volume on Web3 social platforms surged by 72% in Q2 2023 compared to Q1 2023, with a total of $17 million USD, revealing an untapped market with huge growth potential. 🤑 • Leading the social dApps arena is Hooked, with 320k monthly average UAWs and 10 million transactions, followed by CyberConnect with 155k UAWs and 15 million transactions. 🏅 • BNB chain dominates as the most used blockchain for social dApps, boasting 612k monthly UAWs, trailed by Polygon (103k UAWs) and Hive (14k UAWs). 🏆 Demonstrating resilience against the current downturn in crypto sentiment, social dApps present a promising future, with the potential to transform digital social dynamics. Follow Gamestarter on: Website | Twitter | Telegram | Announcements | Discord | TikTok | Twitch | Medium | Instagram | Reddit | Spotify

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