The decentralized finance (DeFi) sector has reached a new milestone, with the total value locked (TVL) in DeFi applications soaring to a record $270 billion, according to a recent DappRadar report.
The figure closed the month at $259 billion, reflecting a remarkable month-over-month increase of over 30%.
This surge is largely attributed to the real-world asset (RWA) segment, which saw its market capitalization jump by 220%. The number of wallets interacting with this asset class spiked dramatically, rising from approximately 1,600 to nearly 90,000 within a 30-day period, signaling a significant uptake in tokenized asset adoption.
Interestingly, while DeFi liquidity climbed, the market for non-fungible tokens (NFTs) outpaced it in user activity. NFT trading volumes and average prices doubled, highlighting a renewed interest in digital collectibles. This shift underscores a broader diversification of engagement within the decentralized application (dApp) ecosystem.
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However, the overall trend for decentralized applications reveals a traditional summer decline. The number of unique active wallets (UAW) dropped by 8%, settling at 22 million. This seasonal dip suggests a temporary cooling in user participation, despite the robust growth in specific sectors like RWA and NFTs.
The data paints a picture of a dynamic DeFi landscape, where innovation in tokenized assets and NFT markets drives growth, even as broader dApp activity faces periodic slowdowns.
