DeFi DApps activity rises 3.7% in August for first time since May — Report By Cointelegraph
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![DeFi DApps activity rises 3.7% in August for first time since May — Report](https://d1-invdn-com.investing.com/content/picf5361ca5b6b1600e0b90bfa60854d698.jpg)
DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar.
The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram’s support of its NFTs and the game Solitaire Blitz. On the other hand, UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.
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![DeFi DApps activity rises 3.7% in August for first time since May — Report](https://d1-invdn-com.investing.com/content/picf5361ca5b6b1600e0b90bfa60854d698.jpg)
DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar.
The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram’s support of its NFTs and the game Solitaire Blitz. On the other hand, UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.
Continue Reading on Coin Telegraph