DApp Industry Experiences Mixed Performance: Q3 2025 Report

A recent DappRadar report sheds light on the dynamic performance of the decentralized application (DApp) industry in Q3 2025. While DeFi liquidity reached a record high, user engagement saw significant decline. The average daily unique active wallets for the quarter dipped to 18.7 million, representing a 22.4% decrease from the previous quarter. This decline highlights a disconnect between institutional investment and consumer participation in DApps.